JAMB Commerce 2014 Objective — Question 17
Question 17 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.
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Insurance against burglary is an example of
- A. Indemnity InsuranceCorrect
- B. Fidelity Guarantee Insurance
- C. Non-Insurable risk
- D. Non-Indemnity Insurance
Explanation
Burglary is the forceful entering of a building to cart away belongings. The belongings in a building can actually be valued and thus such incident is indemnifiable — hence an example of indemnity insurance.
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