Property insurance policies are freely assignable before,but not after,a loss occurs.

Name: Property insurance policies are freely assignable before,but not after,a loss occurs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Property insurance policies typically require the insurer's consent before the policy can be assigned to another party, regardless of whether a loss has occurred. This is because the insurer's risk assessment is based on the original insured's characteristics and circumstances.

Property Insurance Policies Are Freely Assignable Before,but Not After,a Loss