Question

Identify the scenario where a debate on the need for insurance is not required.

a.

Property insurance

b.

Business liability insurance

c.

Motor insurance for third party liability

d.

Fire insurance

Answer: (c).Motor insurance for third party liability Explanation:Motor insurance for third party liability is typically mandatory in many places. It covers the liability of the insured to third parties for injuries and damages caused in motor accidents. Since it's a legal requirement, there is no debate on the need for this type of insurance; it's necessary to comply with the law. In contrast, property insurance, business liability insurance, and fire insurance might be subject to debate or choice, depending on individual circumstances.

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Q. Identify the scenario where a debate on the need for insurance is not required.

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