Question

Inspection Reports:

A: allow the insurer to view underwriting maps when assessing risk
B: allow the insurer to determine risk of where a property is located
C: allow the insurer to inspect a history of claims from prior insurers
D: All of the Above
What correct answer?

Answer 1

The correct answer to what Inspection Reports allow the insurer to do is B: allow the insurer to determine the risk of where a property is located.

Step-by-step explanation:

Inspection Reports in the context of insurance perform several functions. They are used by the insurer to assess various components of risk about a property or an individual seeking insurance coverage. Specifically, Option B: allow the insurer to determine the risk of where a property is located, is the correct answer among the choices provided. Inspection reports give insurers detailed information about the property's conditions, location-based risks such as crime rates, environmental hazards, and proximity to emergency services, which all go into the underwriting process and the decision on whether to offer insurance and at what premium rate.