boyce obtains from capital insurance company a policy that provides that if the parties cannot agree on the amount of a loss covered by the policy, an estimate of the value by an impartial third party can be demanded. this is an antilapse clause. an arbitration clause. an appraisal clause. an incontestability clause.

Boyce purchases a policy from Capital Insurance Company that allows for the demand of an impartial third party's estimate of value in the event that the parties are unable to come to an agreement over the size of a loss covered by the policy. It is an appraisal clause.

To protect against financial loss, one party agrees to pay the other party a fee in the event of specified loss, damage, or injury. The primary purpose of this risk management technique is to: It is to protect against the threat of future loss.

Companies that provide insurance are known as underwriters, insurers, insurers, or underwriters. The person or company that buys the insurance is called the policyholder, and the person or thing covered by the insurance is called the insured.

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