GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Coverage for property taken or destroyed by breaking and entering the insured’s premises, burglary or theft, forgery or counterfeiting, fraud, kidnap and ransom, and off-premises exposure is known as
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Fire Policy
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Burglary Policy
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Jewellers Block Policy
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None of the Above
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Explanation:
Detailed explanation-1: -A standard burglary policy can be classified into three types, namely, total loss, first loss and stock declaration policy.
Detailed explanation-2: -Burglary & Housebreaking Insurance Policy The policy broadly covers burglary, theft (following actual, forcible and violent entry of and/or exit from the premises) including hold-up risk and damage caused to premises.
There is 1 question to complete.