Multiple Choice
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
Correct Answer:
Verified
Q20: Identify the provision that is found under
Q21: Ambiguities in insurance contracts are read in
Q22: Which of the following statements is true
Q23: In a commercial general liability policy, claims
Q24: The umbrella policy excludes medical expense coverages.
Q26: Which of the following is excluded in
Q27: Inland marine insurance is an outgrowth of
Q28: The _ policy provides excess coverage over
Q29: This insurance policy provides businesses coverage on
Q30: The commercial package policy program was started