Which of the following insurances would most likely cover a loss due to theft?

Prepare for the South Carolina NASCLA Business Law and Management Exam. Study with quizzes and comprehensive questions, each question offers insights and answers. Get ready to excel in your exam!

Burglary and Theft Insurance is specifically designed to cover losses that arise from theft-related incidents. This type of insurance policy provides financial protection to businesses and individuals against losses caused by burglary, robbery, or theft of property. It typically reimburses the insured for stolen items and can also cover damages incurred during the theft.

In contrast, auto insurance primarily covers vehicles and related liabilities, which would not include protection against theft of other types of property. A Business Owners Policy (BOP) includes various coverages for businesses, but while it may cover some aspects related to theft, it's not exclusively dedicated to theft or burglary protection as the burglary and theft policy is. Liability insurance is focused on protecting against claims arising from injuries or damages to third parties, rather than losses due to theft. Thus, the clear focus of Burglary and Theft Insurance on theft-related incidents makes it the appropriate choice for covering such losses.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy