Infinite Sales Corporation obtains an insurance policy that covers losses to Infinite Sales caused by fire. This is

Question

Quizplus · Accepted Answer

The insurance policy obtained by Infinite Sales Corporation specifically covers losses caused by fire, which is a type of peril covered by fire insurance. Casualty insurance covers a broader range of risks, such as liability for bodily injury or property damage. Life insurance is designed to provide financial compensation in the event of a person's death. Title insurance protects against losses due to defects or discrepancies in the title to a property.

Infinite Sales Corporation Obtains an Insurance Policy That Covers Losses