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    Question

    Why do insurers arrange for survey and inspection of

    the property before acceptance of a risk?ย 
    A To assess the risk for rating purposes Correct Answer Incorrect Answer
    B To find out how the insured purchased the property Correct Answer Incorrect Answer
    C To find out whether other insurers have also inspected the property Correct Answer Incorrect Answer
    D To find out whether neighbouring property also can be insured Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Before acceptance of a risk, insurers arrange survey and inspection of the property to assess the risk for rating purposes.

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