Insurance against burglary is an example of

Commerce

JAMB 2023

A. non-indemnity insurance
B. non-insurable risk
C. indemnity insurance
D. fidelity guarantee insurance

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Correct Answer: Option C

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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Insurance against burglary is an example of

Correct Answer: Option C

Explanation

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