Insurance against burglary is an example of
COMMERCE
JAMB 2023
Insurance against burglary is an example of
- A. non-indemnity insurance
- B. non-insurable risk
- C. indemnity insurance
- D. fidelity guarantee insurance
Correct Answer: C. indemnity insurance
Explanation
indemnity insurance is an insurance in which the insurer promises to make the insured party whole again for any covered loss in exchange for premiums the policyholder pays.
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