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BS
Question Practice

What is an example of a common trap in understanding insurable interest in fire insurance?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
Business Services
Question Bank

What is an example of a common...

Single Answer MCQ
Q-00064550

What is an example of a common trap in understanding insurable interest in fire insurance?

1

Believing it is required only at the claim time.

2

Assuming it covers non-physical goods.

3

Thinking it guarantees profit in case of loss.

4

All of the above.

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