Fire insurance protects against the loss or damage by fire, lightning and explosion.
State True or False. Marine insurance provides protection against loss of rodent infestation.
Which of the function explains the following :
After the insured is compensated for the loss or damage to the property insured by him or her then the right of ownership of such property is passed on to the insurer.
Which principle states that it is the duty of insured to take reasonable steps to minimise the loss or damage to the insured property?
Mention which function explains the following:
It is the duty of the insured to take reasonable steps to minimise the loss or damage to the insured property.
State True or False. A life insurance policy was introduced as a protection for individuals against the uncertainty of life.