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Question

Why do insurers arrange for survey and inspection of the property before acceptance of a risk? 

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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