Multiple Choice
If a person has an insurable interest in property,which of the following is required for the person to collect the beneficiary payment when there is a loss?
A) The person must make a claim to the insurer within 14 days of the loss.
B) The person must make a claim to the insurer within 30 days of the loss.
C) The person must have had an interest in the property at the time of the loss.
D) The person must have had an interest in the property at anytime during coverage.
E) The person must have had an interest in the property before the loss.
Correct Answer:
Verified
Correct Answer:
Verified
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