Multiple choice

CAR stands for_______

  1. Contractors' All Risks

  2. Controlled Aviation Risk

  3. Compensation For All Risks

  4. Computed All Risks
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A Correct answer
Explanation

Contractors' All Risks insurance (CAR) (also referred to as Contract Works or Construction Insurance) typically provides cover for the cost of physical loss or damage to building works, advanced loss of revenue/income, public liability, installation and constructional plant/machinery including hired-in plant and tools .

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