WAEC - Insurance (2016 - No. 16)
which class of insurance would be required by a petrol filling station operator whose operation involve high financial transactions?
burglary policy
public liability policy
goods-in-transit policy
money policy
Paliwanag
Money insurance policy provides cover for loss of money in transit between the insured’s premises, bank and other specified places occasioned by robbery, theft or any other fortuitous cause. It also provides cover for loss of money in the business premises, safe or vault, etc.