An inflation guard endorsement on a homeowner's insurance policy
A) periodically increases the face amount of dwelling protection to reflect changes market value.
B) ensures that insurance premiums will not rise faster than the general price level.
C) ensures that insurance premiums will not rise faster than the average price of a new home.
D) indexes copayments to the cost of living.
Correct Answer:
Verified
Q21: The mortgage clause on a homeowners insurance
Q22: Deductibles serve to
A)enhance the profits of the
Q23: John Biner's roof was totally ruined by
Q24: Under most homeowners' policies compensation for structural
Q25: The mortgage clause
A)ensures that the lender receives
Q27: The amount of damages you agree to
Q28: Actual cash value is equal to
A)replacement cost
Q29: Which of the following statements concerning homeowners'
Q30: The co-insurance provision on homeowners' policies
A)is meant
Q31: The typical homeowners' policy provides protection against
A)property
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