Question on: JAMB Commerce - 2023
Insurance against burglary is an example of
A
non-indemnity insurance
B
non-insurable risk
C
indemnity insurance
D
fidelity guarantee insurance
Ask EduPadi AI for a detailed answer
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.
Add your answer
Please share this, thanks!
No responses