Final answer:
The insured is not required to hire an appraiser when filing a claim. It's the insurance company's responsibility to hire an appraiser. The insured must, however, protect the property from further damage, notify the insurance company of the loss, and cooperate with them. The option (A) is correct.
Step-by-step explanation:
When filing a claim, the insured is required to do all of the following, except hire an appraiser. The responsibilities generally include: protecting property from further damage, giving notice of loss as soon as possible, and cooperating with the insurance company. Hiring an appraiser is typically the responsibility of the insurance company, not the insured.
Insured individuals need to understand that their premiums over time help cover their future claims, and the operational costs of the insurance company, and allow for the company's profit margin. This understanding is crucial especially when it comes to the payouts for various incidents, such as medical expenses, car damage, or damage to a dwelling. It is also important to note that most states require auto insurance, and lenders require homeowner's insurance, ensuring that those with lower risks help subsidize those with higher risks. Therefore, option (A) is correct.