📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    An endorsement added to an insurance policy, or clause

    within a policy, that provides additional coverage for risks other than those in a basis policy is termed as ________.
    A Expense Ratio Correct Answer Incorrect Answer
    B Extended Coverage Correct Answer Incorrect Answer
    C Expected Loss Ratio Correct Answer Incorrect Answer
    D Extra Expense Insurance Correct Answer Incorrect Answer

    Solution

    An endorsement added to an insurance policy, or clause within a policy, that provides additional coverage for risks other than those in a basis policy is termed as Extended Coverage.

    Practice Next
    More Insurance Awareness Questions