Multiple choice

The premium for burglary policy depends upon ______________.

  1. nature of insured policy

  2. moral hazard of the insured himself

  3. construction and location of the premises

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Rates of premium for burglary policy depend upon the nature of insured property, the moral hazard of the insured himself, construction and location of premises, safety measures (e.g. watchmen, burglar alarm), previous claims experience, etc.

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