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.

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