________ is a package policy which provides protection against a number of separate points.

Question

Question: ________ is a package policy which provides protection against a number of separate points.

Options:

1.  Single peril policy
2.  Group peril policy
3.  Multi-peril policy
4.  None

Answer 1

3. Multi-peril policy

Multi-peril policy is a package policy which provides protection against a number of separate points.

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More information:

A multi-peril policy is a package insurance policy that covers many causes of losses, not just one.

These types of policies provide complete protection against a number of separate points and are common in property insurance.

It can include coverage of a business crime, business car, boiler and equipment, at sea or farm.