GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The result of the policyholder’s failure to buy sufficient insurance is termed as ____
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Hull Insurance
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Title Insurance
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Under Insurance
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Hospital Insurance
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Explanation:
Detailed explanation-1: -Policy lapse is a situation where you can no longer avail the benefits and cover provided under a policy. Once your policy lapses, you cannot use any feature of the policy and will lose the right to make a claim against it.
Detailed explanation-2: -Health Insurance. Motor Insurance. Home Insurance. Fire Insurance. Travel Insurance.
There is 1 question to complete.