Survey and inspection of property is essential before acceptance of risk to assess the risk for rating purpose
To find out the true value of asset
To find out how the asset came into the owner’s possession
To know whether any other property in the neighbourhood can be insured
✅ The correct answer is A.
Survey and inspection of property is essential before acceptance of risk to assess the risk for rating purpose. Surveys give you objective information on commercial or residential properties and their potential exposure to loss.
Survey and inspection of property is essential before acceptance of risk to assess the risk for rating purpose. Surveys give you objective information on commercial or residential properties and their potential exposure to loss.