Insurance against burglary is an example of - JAMB Commerce 2023 Question
Insurance against burglary is an example of
A
non-indemnity insurance
B
non-insurable risk
C
indemnity insurance
D
fidelity guarantee insurance
correct option: c
Insurance against burglary is an example of indemnity insurance. Indemnity insurance compensates the insured for loss or damage, restoring them to the financial position they were in before the event.
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