Match the descriptions with their terms:
-A/An _________________ is an endorsement that substitutes a dollar amount for the coinsurance percentage with respect to insurance to value provisions in a property insurance contract.
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
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 _
Q28: Match the descriptions with their terms:
-The _
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
Q34: Consequential losses involve
A) costs that continue after
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