In most property insurance contracts assignment is:
A) specifically prohibited
B) permitted, but requires additional premium
C) not mentioned, but is not permitted because insurance contracts are personal contracts
D) valid with the written consent of the insurer

Question

Quizplus · Accepted Answer

Most property insurance contracts allow for assignment with the written consent of the insurer. This means that the policyholder can transfer their rights and benefits to another party, but only with permission from the insurance company. Some insurance contracts may have specific restrictions or conditions on assignment, so it's important to review the policy language carefully.

In Most Property Insurance Contracts Assignment Is