Question
In: Economics
Every insurance contract has a set of declarations. The declarations of a typical insurance policy include...
Every insurance contract has a set of declarations. The declarations of a typical insurance policy include all of the following information EXCEPT
A. exclusions
B. name of the insured
C.name of the insurer
D. effective date
Solutions
Expert Solution
Declaration of typical insurance policy consists of following data:
Who is insured i.e “named insured” (and at what address)
When the policy starts and stops (“effective” and “expiry” dates)
What’s being covered, and for how much
Your premium
Any discounts you may be eligible for
Your deductibles
Endorsements and notices
How to contact your insurer
Rahul Sunny answered 2 years agoRelated Solutions
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