IC38 GENERAL INSURANCE AGENT EXAM - Study Notes

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  • Burglary insurance - Loss of property following actual forcible and violent entry into the premises or loss followed by actual, forcible and violent exit from the premises or hold up.
  • Burglary Insurance - Damage to insured property or premises by burglars. Property insured is covered only when it is lost from the insured premises and not from any other premises
  • Rates of premium for burglary policy : depend upon the nature of insured property, the moral hazard of the insured himself, construction and location of premises, safety measures (e.g. watchmen, burglar alarm), previous claims experience etc.
  • Burglary means the unforeseen and unauthorised entry to or exit from the insured premises by aggressive and detectable means with the intent to steal contents there from.
  • Housebreaking is said to have taken place when a house trespass has been committed by entering it for the purpose of committing an offence.

IC38 General Insurance

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