Question
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?
More Insurance Awareness Questions
- What is the purpose of "mitigation of loss"?
- The contractual term for the premium in an insurance contract is known as:
- Section 64VB requires what action for a policy to be effective?
- ___________ is the liability arising from contractual agreements in which it is stated that some losses, if they occur, are to be borne by specific parties...
- A form of life insurance coverage payable to a third party lender/mortgagee upon the death of the insured/mortgagor for loss of loan payments is termed as?
- What is the purpose of a "loss adjuster"?
- The 'Third-Party Liability' cover in a motor insurance policy is mandatory in India as per the:
- In a "hard market," what typically happens to insurance premiums and coverage?
- Specific questionnaires in insurance proposal forms are common for:
- As we know, the Government is paying much attention to “Micro Finance” these days. Which of the following is one of the examples of Micro Finance?
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