Addition of a new building to an existing fire and specia...
Addition of a new building to an existing fire and special perils insurance would be effected through the issuance of?
a new policy
an endorsement
a specification
a rectification
Correct answer is B
The purpose of an endorsement is a policy change. Insurance companies create endorsements to offer options to insureds to add coverage or increase coverage limits, but insurers may also issue special endorsements to limit or restrict coverage. Insurance endorsements are used in property and casualty insurance.
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An insurance that could be effected with profit feauture is ...
A blanket policy in fidelity guarantee insurance is to cover ...
The subject matter of insurance in the package is? ...
Insurance is defined as pooling of risk because many people ...