Page 429 - IC38 GENERAL INSURANCE

Answers to Self-Examination Questions
Answer 1
The correct option is II.
In Engineering insurance CAR stands for Contractors All Risks.
Answer 2
The correct option is III.
An employer insures himself from dishonest act of his employees by Fidelity
Guarantee Insurance policy.
Answer 3
The correct option is I.
Hull refers to the body of the ship.
Answer 4
The correct option is III.
Policy which covers loss or damage to aircraft is aviation insurance.
Answer 5
The correct option is IV.
Fire Insurance Policy does not cover damage to property even as add-on cover,
due to bombing or war.
Answer 6
The correct option is I.
Consequential Loss (Fire Policy) covers loss of profit due to damage to factory.
Answer 7
The correct option is IV.
Premium in burglary depends on security measures, location of premises, nature
of property etc.

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