New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    A policy that covers the cost of repairing or replacing

    damaged machinery is:
    A Electronic Equipment Insurance Correct Answer Incorrect Answer
    B Machinery Breakdown Insurance Correct Answer Incorrect Answer
    C Contractor's All Risks Insurance Correct Answer Incorrect Answer
    D Marine Insurance Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Machinery Breakdown Insurance covers the cost of repairing or replacing machinery that has suffered sudden and unforeseen physical damage due to mechanical or electrical failure.

    Practice Next