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JAMB Commerce 2014 Question 17

Question 17

Insurance

Insurance against burglary is an example of

  1. A.indemnity insurance.
  2. B.fidelity guarantee insurance.
  3. C.non-insurable risk.
  4. D.non-indemnity insurance.
Show the answer and explanation

Answer: A (indemnity insurance.)

Explanation

Stolen property can be valued, so burglary insurance restores the actual loss: indemnity insurance.