Match the descriptions with their terms:
-The _________________ option replaces the insurance-to- value requirement with a maximum restoration period of 120 days.
A) agreed amount clause
B) Basic form
C) Boiler and machinery insurance
D) broad form
E) Business income
F) consequential damage endorsement
G) consequential losses
H) Contracts without time element
I) extended-period-of-indemnity endorsement
J) maximum period of indemnity
K) scheduled coverage
L) special form
M) Time-element contracts
Correct Answer:
Verified
Q23: Match the descriptions with their terms:
-The _
Q24: Match the descriptions with their terms:
-_ covers
Q25: Match the descriptions with their terms:
-_ is
Q26: Match the descriptions with their terms:
-The _
Q27: Match the descriptions with their terms:
-The _
Q29: Match the descriptions with their terms:
-A/An _
Q30: The basic characteristics of a consequential loss
Q31: If a consequential loss involves lost profits
Q32: An insured can avoid a coinsurance penalty
Q33: A laundry suffers a severe loss from
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