CP 13 10 Endorsement: Value Reporting and Premium Calculation

To determine the estimated premium at the beginning of the policy term

To select the limit of insurance

To determine the valuation basis of the policy

To calculate the final premium (correct)

The insured can only recover the value that was last reported (correct)

The insured can only recover 50% of the loss

The insured can only recover the estimated premium

The insured can only recover up to the applicable limit of insurance

75% (correct)

80%

50%

90%

<p>Increase the limit of insurance</p> Signup and view all the answers

<p>The total values reported, including those exceeding the limit</p> Signup and view all the answers

<p>Full, 100 percent values</p> Signup and view all the answers