When the amount for which a subject matter is insured is more than its actual value is called

When the amount for which a subject matter is insured is more than its actual value is called

Q. When the amount for which a subject matter is insured is more than its actual value is called__________.

A.            Double insurance

B.            Over insurance

C.            Reinsurance.

D.            Crop insurance

Answer: Over insurance

Gkseries: Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page