An insured is required to notify of loss, but not prove the amount of the loss because that is the job of the adjuster.
Correct Answer:
Verified
Q2: The only person covered under an insurance
Q3: Insurance contracts exclude certain perils only because
Q4: Most policies of property-liability insurance cover property
Q5: In insurance, a franchise refers to the
Q6: Apportionment clauses preserve the principle of indemnity.
Q8: The sue-and-labor clause has to do with
Q9: All insurance contracts may be canceled at
Q10: The cancellation clause gives the insurer the
Q11: Assignment of rights under insurance contracts is
Q12: A third party is not a direct
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents