Types of Insurance Quiz

Which type of insurance provides coverage for damage to a ship or its cargo?

Which type of insurance provides a lump-sum payment to beneficiaries upon the insured person's death?

Which type of insurance provides coverage for medical expenses and loss of income due to illness or injury?

What is the primary purpose of re-insurance?

Which type of insurance provides compensation in case of loss or damage to property due to fire?

What does 'double insurance' refer to?

In the context of insurance, what does 're-insurance' specifically involve?

What potential impact does re-insurance have on an insurance company's financial stability?

In insurance, what is the term for the situation when a policyholder insures the same risk with multiple insurance companies?

What type of insurance occurs when an insurer obtains insurance from another insurer to cover part of the risk it has assumed?

Which type of insurance involves a situation where two or more insurers share the same risk on the same property at the same time?

What type of insurance is designed to provide coverage that exceeds the limits of a traditional insurance policy or provides additional coverage for specific risks not covered under the primary policy?