n NISM Certifications
NSM General NISM
Medium

What is underinsurance?

Practice question from IC 38 Mock Test 10 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Property insured for its full value

  2. B

    Property not insured at all

  3. Property insured for less than its full value, entitling proportionate claims in case of loss

    Correct answer

  4. D

    Property insured for more than its full value

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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