The policy cover with musa insurance is
...Adekunle bought a car for N2,000,000. he insured it with musa insurance company and okon insurance company for N600,000 and N800,000 respectively. on his way to his office, he had an accident which destroyed his windscreen valued at N30,000 and kayode's shop valued at N15,000.
The policy cover with musa insurance is
averagely insured
fully insured
under insured
over insured
Correct answer is B
Fully Insured is another way of saying there is no-risk or liability as the policyholder and the insurance company assumes all the risk aside from paid premiums.
The second document issued to the Eke is ...
Which of the following conditions must be met before an insurer is under obligation to pay claim ...
The period of insurance in non-life insurance contract is usually ...
A functional reinsurance is that it ...
car plying the road seeking passengers for payment of fares are classified by insurers as? ...