Question

What is covered under property reinsurance contracts?

a.

Financial consequences arising from physical loss or damage to real and personal property

b.

Personal injury arising from physical loss or damage to real and personal property

c.

Loss of business profits arising from physical loss or damage to real and personal property

d.

None of the above

Posted under IC85 Reinsurance Management

Answer: (a).Financial consequences arising from physical loss or damage to real and personal property Explanation:Property reinsurance contracts mainly deal with many different classes of original insurance business. They cover physical loss or damage to real and personal property and the financial consequences arising as a result of such loss or damage, as covered in the original policy.

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Q. What is covered under property reinsurance contracts?
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