Which of the following is an example of pecuniary insurance?

Study for the CII London Market 1 (LM1) Test. Enhance your knowledge of the insurance industry with multiple choice questions. Discover hints and explanations to get exam ready!

Pecuniary insurance refers to policies that provide coverage for the financial aspects of loss, typically concerning monetary assets. Money insurance is designed to protect businesses and individuals against the loss or theft of money, whether in transit, on the premises, or stored in safes. This type of insurance directly covers financial losses, thus fitting squarely within the definition of pecuniary insurance.

In contrast, stock insurance addresses physical assets like inventory and goods, glass insurance pertains to protection against damage or breakage of glass items, and contractors all risks insurance offers coverage for a wide range of liabilities and property damages during construction projects. While these policies can also have financial implications, they are not classified under the pecuniary category because they primarily deal with physical assets or specific risks rather than directly covering monetary loss.

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