If the insurer broadens coverage during the policy period without an increase in premium, and the broadened coverage is not part of a general program revision, the insured is entitled to the broadened coverage under which policy provision?
A) waiver of policy provisions
B) subrogation
C) liberalization clause
D) pair or set clause

Question

Quizplus · Accepted Answer

The liberalization clause states that if the insurer broadens coverage during the policy period without an increase in premium, the insured is entitled to the broadened coverage without having to pay extra for it. The waiver of policy provisions pertains to the insurer waiving its right to enforce certain policy provisions. The subrogation clause explains the insurer's right to recover payments made under the policy from a third party responsible for the loss. The pair or set clause pertains to the loss of one item in a pair or set, and how the insurer will only pay for the value of the single item lost rather than the whole pair or set.

If the Insurer Broadens Coverage During the Policy Period Without