If a Peril Is Not Listed in the Insurance Contract

question 71

Multiple Choice

If a peril is not listed in the insurance contract, loss resulting from it is not covered.Identify this policy.

• A)Open-perils policy
• B)Flexible-perils policy
• C)Closed-perils policy
• D)Named-perils policy
• E)All risk perils policy

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Definitions:

Independently Wealthy

Individuals who have sufficient personal wealth to live without needing to work actively for basic necessities.

Pleasure

A feeling of happiness, satisfaction, or enjoyment derived from an activity or experience.

Angel Group

A collective of individual investors who pool their resources to invest in start-up businesses.

Pitch

A presentation or proposal designed to persuade or inform, often used in business and marketing contexts.