Solved

You Obtained a Comprehensive General Liability Policy in Respect of Your

Question 56

Multiple Choice

You obtained a comprehensive general liability policy in respect of your business. The term of the policy is one year. It included coverage of $2,000,000 on the building in the event that it is destroyed by fire, etc. Six months later, you had an extension added to the building, and you wish to increase your coverage. Which of the following is TRUE?


A) You should have a rider added to the policy.
B) You should have an endorsement added to the policy
C) You will have to obtain a brand new policy.
D) You cannot obtain additional coverage until your policy expires.
E) Both A and B

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents