Addition of a new building to an existing fire and special perils insurance would be effected through the issuance of?
Answer Details
Addition of a new building to an existing fire and special perils insurance would be effected through the issuance of an endorsement. An endorsement is a document that modifies the terms and conditions of an existing insurance policy. In this case, the endorsement would add the new building to the existing policy, thereby extending the coverage to include the new building. This is a more efficient and cost-effective way to make changes to an insurance policy than taking out a new policy altogether. By issuing an endorsement, the policyholder can ensure that their insurance coverage remains up to date and relevant to their changing circumstances.