Vidyalelo
Commerce · Q78

Insurance

Graduate and Post Graduate · Commerce · question 78

Q78

Which policy referring to policies that provide coverage only for the loss caused by the perils?

A.
Specifies perils
B.
Named Perils
Answer
C.
All Risk
D.
All perils

Answer: Option B

Solution

Answer: Option B
Solution:
Named Perils is a property insurance term referring to policies that provide coverage only for the loss caused by the perils specifically listed as covered.