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SAMPLE Property & Casualty Online Practice Exam Simulator
In the event of a dispute between the insurer and insured concerning the value of a property settlement, which of the following conditions of the Homeonwer's policy would apply?
In case of a dispute regarding the value of the insured property in case of a loss the problem can often be resolved by the appraisal clause. Each party gets an appraiser. If they can't agree then an umpire is selected to make the decision. Each party pays their share of the umpire's fee.
Answer Choices:Select the Correct Answer
Duties of the insured
Suit against the company
Loss settlement
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