Which type of loss is typically NOT covered by a standard money policy?

Study for the CII Certificate in Insurance - Insurance Claims Handling Process (IF4) Test. Prepare with multiple choice questions and expand your knowledge on insurance industry standards. Get ready for success!

A standard money policy is designed to cover specific types of monetary losses, typically including the theft of cash, robbery, and destruction of securities. However, the theft of credit cards is often not covered as it falls outside the definition of money in these policies. Credit cards represent a form of payment rather than money itself; thus, their theft does not directly involve the actual loss of cash or securities, which are the primary concerns of a standard money policy. Coverage tends to focus on tangible assets, leaving the risks associated with credit card theft, including unauthorized transactions, to other types of insurance or financial recovery methods.

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