GENERAL KNOWLEDGE

Detailed explanation-1: -Explanation: Multiple-peril insurance coverage is a kind of insurance that bundles together multiple coverages that typically would be needed with each other. Explanation: Key person insurance is simply life insurance on the key person in a business.

Detailed explanation-2: -Often known as a comprehensive insurance policy, an all-risk property insurance policy offers you coverage in the event of those losses or damages which arise due to perils that you do not anticipate, i.e., those perils which do not fall under the named peril list.

Detailed explanation-3: -Property Insurance refers to different types of property insurance policies. Homeowners insurance, renters insurance, earthquake insurance, and flood insurance are a few. Property insurance provides owners with coverage against loss or damage caused to their property due to covered unfortunate events.