If an insurance applicant sustains losses after submission of the application but before acceptance by the insurer,the rule in most states is that the insurer must nevertheless cover the losses.

Question

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If the insured sustains losses after the submission of the application (the making of the offer)but prior to acceptance by the insurer,those losses normally must be borne by the insured rather than the insurer.

If an Insurance Applicant Sustains Losses After Submission of the Application