Indemnity vs Capital Insurance
Authored by Enhle Langa
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University
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7 questions
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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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