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The Insured Can Purchase This Option Found in Section G

Question 23

Multiple Choice

The insured can purchase this option found in section G, optional coverages to ward off unwanted retention of loss values above the limit of insurance.This option provides for automatic periodic increases in insurance limits and ensures that the policyholder will have sufficient limits of insurance to cover a total loss.Identify this option.


A) Agreed value option
B) Deductible option
C) Inflation guard option
D) Waiver
E) Estoppel

Correct Answer:

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