Multiple choice

As per Contractor's All Risk Policy, the period of insurance should be:

  1. equivalent to one year.

  2. equivalent to the period of contract.

  3. not specific.

  4. equivalent to one year or as per the period of contract.

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Unlike other policies where the period of insurance is one year, in this policy the period of insurance should be equivalent to the period of contract, commencing from the date of unloading of the first batch of materials at the site of construction and expiring on the date of handing over of the contract work to the principal.

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