Multiple choice

Which of the following sections of Bankers Indemnity Policy covers losses suffered due to dishonest act of employees in respect of goods or commodities pledged?

  1. Forgery or alteration

  2. Appraisers

  3. Premises

  4. Hypothecated goods

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

'Hypothecated goods' covers losses suffered due to fraudulent or dishonest act of employees in respect of goods or commodities pledged or hypothecated to the insured bank and under its control.