What type of insurance would typically cover losses due to the theft of money from inside the premises?

Prepare for the Florida 4-40 Customer Representative License Test. Utilize flashcards and multiple choice questions with hints and explanations. Be ready to excel in your exam!

The correct answer is theft insurance because this type of insurance specifically protects against losses resulting from theft, including the theft of money or other valuables from within a premises. Theft insurance is designed to cover direct monetary losses as well as damages associated with the theft incident. It ensures that businesses and individuals are financially compensated for their losses, allowing them to recover more easily from such unfortunate events.

Fire insurance, on the other hand, provides coverage for damage caused by fire, not for the theft of property. Treasure insurance is not a standard term in the industry and does not typically encompass general theft losses. Business interruption insurance covers lost income resulting from an inability to operate due to specific causes (like a fire or natural disaster) but does not address theft directly, as its focus is on loss of business income rather than the loss of physical assets or money.

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