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Business Studies

Principles of Insurance

A was develop...

Question

A _______ was developed to offer a broad coverage against all possible damages arising from a variety of risks.

A

Lump-sum policy

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B

One-time policy

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C

Comprehensive policy

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D

All of the above

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Solution

The correct option is C Comprehensive policy
A comprehensive policy was developed to offer a broad coverage against all possible damages arising from a variety of risks. Comprehensive policy typically covers damage from fire, vandalism or falling objects. Comprehensive policy is often regarded as an optional coverage.

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