IC57 FIRE AND CONSEQUENTIAL LOSS INSURANCE - 04

Que. 1 : Q1) Under fire policy sum insured is Rs.1, 00,000/-, loss is Rs.60, 000/-, value of property at time of proposal Rs.1,50,000/-.value of property at the time of loss Rs.2, 00,000. What is the amount of loss payable?

   1.  a) Rs.40,000/-

   2.  b) Rs.30,000/-

   3.  c) Nil

   4.  d) Rs. 60,000/-

Que. 2 : Q2) Which of the following is an example of contributory hazards?

   1.  a) Electrical

   2.  b) Smoking

   3.  c) Construction

   4.  d) Friction

Que. 3 : Q3) Which of the following statement is true?

   1.  a) Flood & Tsunami both are covered under STFI

   2.  b) Tsunami is covered under EQ extension when STFI cover is not deleted

   3.  c) All natural calamities are covered under standard fire and special peril policy

   4.  d) None of the above

Que. 4 : Q4) A fire policy on residence attracts an excess of

   1.  a) Rs. 10,000

   2.  b) Rs. 20,000

   3.  c) Rs. 5,000

   4.  d) Nil

Que. 5 : Q5) If liability for a claim under the fire policy is disclaimed by the insurer, the insured has to file a suit In a court of law within ____ months of the date of disclaimer.

   1.  a) 6 months

   2.  b) 12 months

   3.  c) 24 months

   4.  d) 36 months