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    Question

    Which part of the policy includes details such as

    policy duration and limits of liability?
    A Conditions Correct Answer Incorrect Answer
    B Policy Schedule Correct Answer Incorrect Answer
    C Preamble Correct Answer Incorrect Answer
    D Exceptions Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Explanation :The Policy Schedule is a specific section within an insurance policy that outlines the key details of the coverage, including:

      • Policy number
      • Insured's name and address
      • Policy period (duration)
      • Sum insured (limits of liability)
      • Premium amount
      • Any applicable deductibles or excesses

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