Theft And Burglary Insurance
Resumen
A shopkeeper in Kano padlocks her store, goes home, and returns at dawn to a forced door and empty shelves. A trader two streets away simply turns his back and a stranger walks out with an unpaid phone. Both have lost goods to a thief, yet only one of them will be paid by a standard burglary policy. The difference is not luck. It is a single legal test that every claim under this class of business must pass.
This lesson shows you exactly what a theft and burglary policy covers, the precise line insurers draw between burglary and ordinary theft, the property that is protected and the property that is quietly left out, and the security precautions the insurer insists on before it will carry the risk. You will work through the calculations and the yes or no judgements that WAEC sets on this topic, and learn where candidates throw marks away.
Objetivos
- Explain the cover provided by a theft and burglary policy
- Distinguish theft from burglary and explain why the distinction matters to a claim
- Identify the properties covered and the usual exclusions
- Describe the precautions an insurer requires of the insured under this class of business
Nota de la lección
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Evaluación de la lección
Felicitaciones por completar la lección del Theft And Burglary Insurance. Ahora que has explorado el conceptos e ideas clave, es hora de poner a prueba tus conocimientos. Esta sección ofrece una variedad de prácticas Preguntas diseñadas para reforzar su comprensión y ayudarle a evaluar su comprensión del material.
Te encontrarás con una variedad de tipos de preguntas, incluyendo preguntas de opción múltiple, preguntas de respuesta corta y preguntas de ensayo. Cada pregunta está cuidadosamente diseñada para evaluar diferentes aspectos de tu conocimiento y habilidades de pensamiento crítico.
Utiliza esta sección de evaluación como una oportunidad para reforzar tu comprensión del tema e identificar cualquier área en la que puedas necesitar un estudio adicional. No te desanimes por los desafíos que encuentres; en su lugar, míralos como oportunidades para el crecimiento y la mejora.
- In insurance, the feature that distinguishes burglary from simple theft is: A. The value of the property stolen B. Forcible and violent entry to or exit from the premises C. The time of day the loss occurs D. Whether the police are informed Answer: B
- Which loss would a standard theft and burglary policy normally NOT pay? A. Goods taken after thieves broke a padlock and forced the door B. A customer walking out of an open shop with an unpaid item C. Stock removed after a window was smashed at night D. Property taken after burglars forced their way out through the roof Answer: B
- Which item is usually EXCLUDED from a standard burglary policy unless it is specially declared? A. Office furniture B. Trading stock C. Cash and jewellery D. Shop fittings Answer: C
- A policy condition requiring the insured to keep a burglar alarm in working order is best described as a: A. Warranty B. Premium C. Franchise D. Proximate cause Answer: A
- Stock worth 5,000,000 naira is insured for 4,000,000 naira under a burglary policy subject to average. Burglars steal goods worth 1,000,000 naira. How much will the insurer pay? A. 1,000,000 naira B. 800,000 naira C. 750,000 naira D. 500,000 naira Answer: B
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Crea una cuenta gratuita para acceder a todos los recursos de aprendizaje, preguntas de práctica y seguir tu progreso.
Regístrate para continuar
Crea una cuenta gratuita para acceder a todos los recursos de aprendizaje, preguntas de práctica y seguir tu progreso.
