Question

Select the option from the choices given below:

A policy of insurance which covers definite risk is called ____ policy.

• A. specific
• B. average
• C. valued
• D. general

Answer 1

The correct option is A specific

A policy of insurance which covers definite risk is called specific policy. Specific policy covers only when that pre-determined specific event occurs. Specific policy can be defined as a type of policy which provides coverage for to one specific property.