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Today General Knowledge(GK)
Which of the following principles of Insurance denotes insurance of same subject matter with two different companies or with the same company under two different policies?
A)
Double insurance
B)
Principle of Subrogation
C)
Principle of Indemnity
D)
Principle of Proximate Cause

Correct Answer : Option (A) - Double insurance



Double insurance denotes insurance of same subject matter with two different companies or with the same company under two different policies. Insurance is possible in case of indemnity contract like fire, marine and property insurance.

Published On : June 2, 2021
Category : Insurance and Finance
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