Q165
Survey and inspection of a property is essential
A.
Before acceptance of risk to assess the risk for rating purpose
AnswerB.
To find out the true value of asset
C.
To find out how the asset came into the owner's possession
D.
To know whether any other property in the neighbourhood can be insured
Answer: Option A
Solution
Answer: Option A
Solution:
Survey and inspection of a property is essential before the acceptance of risk to assess the risk for rating purpose. A survey is an inspection of a property.