which of the following is a modification to a standard property or liability insurance contract? a....

which of the following is a modification to a standard property or liability insurance contract?

a. a policy rider

b. policy declarations

c. policy endorsement

d. policy conditions

Solutions

Expert Solution

A modification to a standard property or liability insurance contract is policy endorsement.

Therefore correct answer is option c. Policy endorsement

A policy endorsement is issued by an insurance service organization to avoid uncertainties and to reduce risk. Insurance industry adds endorsements to modification of coverage to a standard property or liability insurance contract. Some endorsements expand the existing coverage and some endorsements reduce the scope of coverage.

jeff jeffy answered 1 year ago

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