Indemnity vs Capital Insurance

Indemnity vs Capital Insurance

University

7 Qs

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Indemnity vs Capital Insurance

Indemnity vs Capital Insurance

Assessment

Quiz

Other

University

Hard

Created by

Enhle Langa

FREE Resource

7 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the difference between indemnity insurance and capital insurance?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How is the extent of the insurer’s liability determined in non-indemnity insurance?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors determine the extent of the insured’s loss in indemnity insurance?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In liability insurance, how is the extent of the insurer's liability determined?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does underinsurance affect the insured's claim?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is a valued policy in insurance?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the effect of an excess clause in an insurance policy?

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