Complete fire and EC policy on a commercial building consists of:

Complete fire and EC policy on a commercial building consists of:

• A. Basic fire, statutory conditions and Extended coverage's.
• B. Basic fire policy.
• C. Basic fire policy plus liability endorsement.
• D. Basic fire, statutory conditions and Extended Liability endorsement.

Answer: (A)

The policy that completes a fire and EC (Extended Coverage) for a commercial building includes three parts: the basic fire policy, the statutory conditions, and the extended coverages. The basic fire policy provides the core protection against fire damage. Statutory conditions are the legally required terms that set out each party’s rights and duties during a claim, so they must be included. Extended coverages add perils beyond the basic fire, broadening protection to include additional risks. So this combination—basic fire policy, statutory conditions, and extended coverages—is the complete package described. The other options miss one of these elements or replace EC with liability coverage, which isn’t what the standard fire and EC policy entails.

The policy that completes a fire and EC (Extended Coverage) for a commercial building includes three parts: the basic fire policy, the statutory conditions, and the extended coverages. The basic fire policy provides the core protection against fire damage. Statutory conditions are the legally required terms that set out each party’s rights and duties during a claim, so they must be included. Extended coverages add perils beyond the basic fire, broadening protection to include additional risks.

So this combination—basic fire policy, statutory conditions, and extended coverages—is the complete package described. The other options miss one of these elements or replace EC with liability coverage, which isn’t what the standard fire and EC policy entails.