Property inventories are important to identify insurance needs and to substantiate claims.

Name: Property inventories are important to identify insurance needs and to substantiate claims.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Property inventories help in recording the items in a property and their estimated value. This information is crucial in identifying the insurance needs and in the event of a claim, it helps in substantiating the loss incurred, thereby aiding the insurance process.

Property Inventories Are Important to Identify Insurance Needs and to Substantiate