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This question belongs to Commerce Insurance

Insurance

?

Survey and inspection of a property is essential

A) Before acceptance of risk to assess the risk for rating purpose B) To find out the true value of asset C) To find out how the asset came into the owner's possession D) To know whether any other property in the neighbourhood can be insured

Answer & Solution

Correct Answer: Option A

Survey and inspection of a property is essential before the acceptance of risk to assess the risk for rating purpose. A survey is an inspection of a property.

Question posted by Examveda

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