Multiple choice general knowledge

Which line of insurance is also known as “Third party Insurance”?

  1. Property

  2. Life

  3. Liability

  4. Mortgage
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Liability insurance is called 'third party insurance' because it covers the insured's liability to third parties (others who may be injured or whose property may be damaged). Property and life insurance are first-party contracts covering the insured's own interests.

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