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:
Verified
Q18: The insurer has the general right to
Q19: Instead of listing those perils that are
Q20: In a commercial general liability policy, the
Q21: Injury arising out of strikes and lockouts
Q22: For most insureds, there is a choice
Q24: If the value of the property is
Q25: Which of the following statements is true
Q26: These provisions of the commercial property policy
Q27: In a business income coverage policy, coinsurance
Q28: This is a provision that specifies the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents