Fire and Marine Insurance Quiz

___________ policy in mainly useful for property like building and machinery.

• Valued Policy

• Average policy

• Specific policy

• Reinstatement policy

___________ is first step in taking fire insurance policy

• Selection of the insurance company

• Survey of the property

• Determining the risk

• None of these

The period for the fire insurance policy is ________.

• Two years

• One year

• Three years

• Four years

Fire insurance is a contract of _________

• Profit

• Loss

• Indemnity

• Investment

_________ is the oldest type of fire insurance

• Valued policy

• Comprehensive policy

• Ordinary policy

• Specific policy

Comprehensive crop insurance scheme implemented in ________ year

• 2015

• 1985

• 1995

• 2005

____________ is the example of fire insurance

• Average policy

• Valued policy

• Specific policy

• All of the above

A receipt of fire insurance premium is also known as ___________

• Policy receipt

• Cover note

• Payment note

• None of these

Maximum amount of indemnity payable to insured is mentioned in _____________ policy of fire insurance.

• Specific policy

• Ordinary policy

• Average policy

• None of these

________ is the first step of settlement of fire insurance claim.

• Notice of the fire

• Filling in indemnity form

• Submission of evidence

• None of these