New SIDBI Grade A New Batch Starts on Nov 18

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    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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