Losses Quiz

Question 1 of 2

1. Question

Is this statement true or false? “The fundamental premise of an insurance contract is that the loss must be sudden, accidental, and unintentional”

1. True
Correct Incorrect Correct answer

2. False
Correct Incorrect Correct answer

Correct

Incorrect
Question 2 of 2

2. Question

What is the purpose of the Loss of Business Income coverage?

1. To indemnify the business due to loss of real tangible property.
Correct Incorrect Correct answer

2. To indemnify the economic hardship suffered to the business after loss to the insured property.
Correct Incorrect Correct answer

Correct

Incorrect