A provision added to a home owners insurance policy that automatically adjusts the coverage limit on the dwelling each time the policy is renewed to reflect current construction costs is termed as .....

INSURANCE AWARENESS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A provision added to a home owners insurance policy that automatically adjusts the coverage limit on the dwelling each time the policy is renewed to reflect current construction costs is termed as ____

A	Gap Insurance
B	Double Insurance
C	Industrial Insurance
D	Inflation Guard Clause

Explanation:

Detailed explanation-1: -Coverage C-Personal Property. Coverage D-Loss of Use. Coverage E-Personal Liability. Coverage F-Medical Payments to Others.

Detailed explanation-2: -Damages to the structure of the insured house. Loss or damage to content. Loss or damage to portable equipment anywhere in India. Loss or damage to jewellery and valuables.

Detailed explanation-3: -Policy provisions in an insurance contract can include such details as coverage periods, exclusions, riders, start dates, and other important information.

There is 1 question to complete.

GENERAL KNOWLEDGE

GK

INSURANCE AWARENESS