IRDAI Surveyor Engineering (S-05) Practice Questions - IRDAI Surveyor & Loss Assessor Exam - Engineering (III S-05 IC-77) Exam

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What is the standard built-in limit for debris removal costs under the contract works section of a standard CAR policy, unless a higher limit is opted and paid for?

No cover is provided unless an add-on is purchased 1% of the claim amount or ₹50,000, whichever is higher 1% of the total Sum Insured, subject to a maximum cap 10% of the contract value

Correct Answer:

1% of the total Sum Insured, subject to a maximum cap

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