Fundamentos de Seguro de PropiedadPregunta 282 de 531
An inflation guard provision attached to a property policy:
a.Waives the coinsurance clause at renewal
b.Increases the limit through the policy term
c.Pays extra when materials cost more to buy
d.Indexes the deductible to building costs
Explicación
An inflation guard raises the amount of insurance automatically during the term, so limits keep pace with construction costs and the insured stays near the amount coinsurance requires. It moves the limit only, leaving the deductible and the coinsurance condition alone. It also adds no money at claim time: whatever the limit has grown to on the day of loss is still the ceiling on what the insurer will pay.
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