MI Public Adjuster Practice Questions - Michigan Public Adjuster Exam

What is the 'inflation guard' endorsement?

An endorsement preventing premium increases An endorsement that automatically increases the coverage limit by a specified percentage each year to keep pace with rising construction costs and inflation An endorsement tied to the Consumer Price Index An endorsement for investors only

Correct Answer:

An endorsement that automatically increases the coverage limit by a specified percentage each year to keep pace with rising construction costs and inflation

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