MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called
A
term life insurance
B
bodily insurance
C
comprehensive
D
Collision
Explanation: 

Detailed explanation-1: -Comprehensive insurance is insurance coverage that pays for the repair or replacement. Comprehensive car insurance typically covers third-party liabilities, damage from an accident, fire, natural calamity, theft, etc.

Detailed explanation-2: -Therefore, damage or loss to your car because of fire is covered under the comprehensive plan. However, such damages are not covered in third-party insurance.

Detailed explanation-3: -As the name suggests, a comprehensive car insurance policy is a type of car insurance policy which covers a policyholder against the damages sustained by both the parties involved in an uncertain event like fire and accident.

Detailed explanation-4: -A comprehensive policy, as the name suggests, offers overall protection against damages to both parties involved in an accident. This scheme is extensive, and it covers damages to car, theft, legal liability to third-party, and personal accident cover.

Detailed explanation-5: -Comprehensive car insurance policy Comprehensive car insurance is the most extensive policy type and covers third-party liabilities as well as own damage costs, loss due to theft, natural disasters etc. You will receive the IDV or the total market value in case your vehicle is stolen or damaged beyond repair.

There is 1 question to complete.