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Under a Property Policy the insured's duties after a loss are ALL of the following, EXCEPT:

a. Prepare inventory of damaged and undamaged goods.
b. Submit to examination by insurer.
c. Submit proof of loss.
d. Abandon the property to the insurer.

User Melsam
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1 Answer

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Final answer:

Under a Property Policy, the insured must prepare an inventory, submit to examination, and provide proof of loss. The insured is not typically required to abandon the property to the insurer. This clarification helps the insured understand their responsibilities after an incident.

Step-by-step explanation:

Under a Property Policy, the insured's duties after a loss include several steps to ensure that the insurer can process the claim effectively. The insured is required to prepare an inventory of damaged and undamaged goods, submit to an examination by the insurer if requested, and provide a proof of loss to formally claim damages. However, they are not required to abandon the property to the insurer. Abandonment could mean leaving the property for the insurer to salvage or repair, which is not a standard requirement unless specifically stated in the policy. Therefore, the correct answer is d. Abandon the property to the insurer, as this is not typically a duty outlined in most property insurance policies.

User Night Walker
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