Question

    Personal and business property coverage combining several types of property insurance in one policy is called?

    A Hospital Insurance Correct Answer Incorrect Answer
    B Renewable Term Insurance Correct Answer Incorrect Answer
    C Mortgage Insurance Correct Answer Incorrect Answer
    D Multi-Peril Insurance Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Multiple-peril insurance coverage is a kind of insurance that bundles together multiple coverages that typically would be needed with each other. Typically the package may include coverage for business crime, business automobile, boiler and machinery, marine, or farm.

    Practice Next