The report prepared by the surveyor which is submitted by the claimant with his claim, and which gives details of damage to the insured property.
The report prepared by the surveyor which is submitted by the claimant with his claim, and which gives details of damage to the insured property.
Designed to adjust policy benefits in relation to the change in the economic climate. The majority of such riders are tied to changes in the Consumer Price Index (CPI). The amount of insurance may be automatically increased, without evidence of insurability, at predetermined periods for a maximum amount.