SSCP · Question #982
Which of the following is covered under Crime Insurance Policy Coverage?
The correct answer is D. Money and Securities. Crime insurance policies typically cover losses related to theft, fraud, and other criminal acts, specifically including tangible assets like money and securities.
Question
Which of the following is covered under Crime Insurance Policy Coverage?
Options
- AInscribed, printed and Written documents
- BManuscripts
- CAccounts Receivable
- DMoney and Securities
How the community answered
(27 responses)- A4% (1)
- B7% (2)
- D89% (24)
Why each option
Crime insurance policies typically cover losses related to theft, fraud, and other criminal acts, specifically including tangible assets like money and securities.
Inscribed, printed and Written documents are generally covered under property insurance or specific valuable papers coverage, not primarily crime insurance unless their loss directly results in a monetary crime.
Manuscripts are intellectual property or valuable papers, typically covered under specialized property or fine arts policies rather than standard crime insurance.
Accounts Receivable is typically covered under an Accounts Receivable insurance policy which protects against losses when a business cannot collect money owed by customers due to damage to records, not directly under crime insurance for tangible assets.
Crime insurance policies are designed to protect businesses from financial losses due to criminal activities, and 'Money and Securities' are common categories of assets explicitly covered against theft, disappearance, or destruction. These policies often have specific clauses detailing the coverage for cash, checks, and negotiable instruments.
Concept tested: Crime insurance policy coverage items
Topics
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