Theft And Burglary Insurance
Bayani Gaba-gaba
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.
Manufura
- 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
Takardar Darasi
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Nazarin Darasi
Barka da kammala darasi akan Theft And Burglary Insurance. Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- 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
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
Yi Rijista don Ci Gaba
Ƙirƙiri asusu kyauta don samun damar duk kayan koyo, tambayoyin atisaye, da kuma bibiyar ci gaban ka.
