Asked by Nimah Siddiqui on Jul 28, 2024
Verified
Which of the following is not an appropriate matter for insurance coverage?
A) Insurance against lost profits
B) Insurance against fire in a home
C) Insurance against the wrongful conduct of the insured, e.g., theft
D) Insurance against loss of life
E) Insurance against damage to property
Wrongful Conduct
Actions or behaviors that are illegal or morally incorrect, leading to harm or injury to another party.
Insurance Coverage
Protection provided by an insurance policy against risk or loss, detailing what and how much is covered under specific circumstances.
Theft
The act of unlawfully taking someone else's property with the intent to permanently deprive them of it.
- Acquire insight into the norms that direct the formulation of insurance contracts, the claims collection process, and the resolution of indistinct clauses to the advantage of the insured.
Verified Answer
ZK
Zybrea KnightAug 03, 2024
Final Answer :
C
Explanation :
Insurance typically does not cover intentional wrongful acts committed by the insured, such as theft. Insurance is designed to protect against unforeseen losses or damages, not deliberate actions.
Learning Objectives
- Acquire insight into the norms that direct the formulation of insurance contracts, the claims collection process, and the resolution of indistinct clauses to the advantage of the insured.