Which type of insurance primarily protects against losses related to theft?

Prepare for the ANZIIF Tier 1 Exam. Familiarize yourself with insurance basics using multiple choice questions, each with hints and explanations. Get ready to succeed!

The answer is theft insurance because this type of insurance specifically covers financial losses that occur due to theft. It is designed to compensate individuals or businesses for the loss or damage of property as a result of theft incidents. The primary focus of theft insurance is to provide security and financial protection specifically from the risks associated with theft, making it the most appropriate choice for this question.

In contrast, fidelity insurance protects employers against losses due to dishonest acts by employees, such as embezzlement or fraud, and is not strictly related to theft. General insurance is a broad category that encompasses various types of insurance, such as property, liability, and health insurance, but does not specifically target theft-related losses. Pluvius insurance is not a recognized category of insurance; it may refer to something related to weather or natural disasters, but it does not specifically address theft.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy