by Sunday | Oct 17 | Insurance WAEC
Use the following information to answer the question below. Basanya’s vehicle was hit at the rear by jaguna’s vehicle. The two vehicles had a minimum cover. The estimate of repairs was as follows; Basanya’s vehicle – N155,000; Jaguna’s...
by Sunday | Oct 17 | Insurance WAEC
Use the following information to answer the question below. Basanya’s vehicle was hit at the rear by jaguna’s vehicle. The two vehicles had a minimum cover. The estimate of repairs was as follows; Basanya’s vehicle – N155,000; Jaguna’s...
by Sunday | Oct 17 | Insurance WAEC
Use the following information to answer the question below. Basanya’s vehicle was hit at the rear by jaguna’s vehicle. The two vehicles had a minimum cover. The estimate of repairs was as follows; Basanya’s vehicle – N155,000; Jaguna’s...
by Sunday | Oct 17 | Insurance WAEC
A. term insurance B. public liability insurance C. endowment assurance D. personal accident insurance Correct Answer: Option C C. endowment assurance Explanation An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its...
by Sunday | Oct 17 | Insurance WAEC
A. fire insurance B. all-risk insurance C. product liability insurance D. consequential loss insurance Correct Answer: Option D D. consequential loss insurance Explanation What is ‘Consequential Loss’. A consequential loss is an indirect loss resulting...
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