Category: IC57 FIRE AND CONSEQUENTIAL LOSS INSURANCE – 18

Que. 1 : Q1) Consequential Loss (Fire Policy) covers:    1.  a) Loss of profit due to damage to factory    2.  b) Loss of Goodwill    3.  c) Material wear & tear in machinery    4.  d) Losses due to foreign exchange fluctuations Que. 2 : Q2) To constitute FIRE, number of elements required    1.  a) Two    2.  b) Three    3.  c) Four    4.  d) Five Que. 3 : […]