The Insured Can Purchase This Option Found in Section G

question 25

Multiple Choice

The insured can purchase this option found in section G, optional coverages to ward off unwanted retention of loss values above the limit of insurance.This option provides for automatic periodic increases in insurance limits and ensures that the policyholder will have sufficient limits of insurance to cover a total loss.Identify this option.

• A)Agreed value option
• B)Deductible option
• C)Inflation guard option
• D)Waiver
• E)Estoppel

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Definitions:

Manipulation

The act or practice of controlling or influencing someone or something to achieve a desired outcome, often in a deceptive way.

Data Collection

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Applied Social Psychologists

Professionals who use insights and methods from social psychology to address and solve real-world problems and issues.

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