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What type of insurance reimburses for unexpected losses or damages caused by specific hazards to a specific thing?

a) Comprehensive insurance
b) Specific peril insurance
c) General coverage insurance
d) Universal protection insurance

1 Answer

5 votes

Final answer:

Specific peril insurance reimburses for unexpected losses or damages caused by specific hazards to a specific thing.

Step-by-step explanation:

The type of insurance that reimburses for unexpected losses or damages caused by specific hazards to a specific thing is specific peril insurance (option b).

Specific peril insurance provides coverage for specific risks or hazards named in the policy. For example, if a homeowner has specific peril insurance that includes coverage for fire damage, and their house is damaged by a fire, the insurance company will reimburse them for the cost of repairing or rebuilding their home.

User Marcelo De Aguiar
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