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Insurance against burglary is an example of

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Commerce JAMB 2023

Insurance against burglary is an example of

  • non-indemnity insurance
  • non-insurable risk
  • indemnity insurance checkmark
  • fidelity guarantee insurance

The correct answer is: C

Explanation

indemnity insurance is an insurance in which the insurer promises to make the insured party whole again for any covered loss in exchange for premiums the policyholder pays.

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