The first step in buying property and liability insurance is to develop a(n):
A)list of insurance agents offering insurance.
B)inventory of exposures to loss.
C)statement of premiums of five different insurance companies.
D)list of floater policies.
E)replacement cost for your property.

Question

Quizplus · Accepted Answer

Developing an inventory of exposures to loss is the first step in buying property and liability insurance because it helps identify what risks need to be covered, guiding the selection of appropriate insurance policies.

The First Step in Buying Property and Liability Insurance Is