Non-life insurance; - SS2 Commerce Past Questions and Answers - page 1
Which type of insurance provides coverage against damage or loss caused by fire-related incidents?
Motor vehicle insurance
Fire insurance
Fire insurance
What does motor vehicle insurance typically include?
Coverage for damage caused by fire
Protection against financial losses due to employee theft
Third-party liability and own damage coverage
Which type of insurance protects businesses from losses caused by employee dishonesty?
Motor vehicle insurance
Fire insurance
Fidelity insurance
What does burglary/robbery/theft insurance cover?
Loss or damage caused by theft-related incidents
Losses due to fire-related incidents
Damage to motor vehicles
What is the main purpose of motor vehicle insurance?
Compensating for losses resulting from employee theft
Protecting the insured against liabilities from injury or damage caused to a third party in accidents
Providing coverage against fire-related incidents
Protecting the insured against liabilities from injury or damage caused to a third party in accidents
Define fire insurance
Fire insurance provides coverage against damage or loss caused by fire-related incidents. It compensates the insured for the financial consequences of fire damage.
What is the primary coverage offered by fidelity insurance?
Fidelity insurance provides coverage against financial losses resulting from acts of dishonesty or fraud committed by employees or trusted individuals within an organization.