Reporting forms for inventory insurance require the insured:

Question

Quizplus · Accepted Answer

Reporting forms for inventory insurance require the insured to report inventory values with scrupulous honesty. This ensures that the insurance company has an accurate picture of the value of the inventory being insured, and can set premiums and coverage accordingly. The insured is not required to purchase a specific amount of insurance, nor do they need to have stable inventory levels.

Reporting Forms for Inventory Insurance Require the Insured