Fill in the order form to get the price

Subject

Category

Deadline

Timezone:

Title *

Task *

An agent has recommended a homeowner policy to one of his clients who wanted to protect his house. The insurance agent has submitted the application to the insurance company on behalf of his client. However, the agent was unaware that the client has neglected to report that the home is being used as a chemical factory.
Answer the following a and b parts separately and explain fully.
a) If you are the underwriter on this risk and it comes to your attention that the insured producing
chemicals in the house, what issues should you consider when you discover the actual facts about
the use of the insured home? 
b) A kitchen fire occurs, before the insurer discovers the actual use of the home. As an adjuster assigned to this claim, when you come to know that the insured has failed to disclose a material fact to the insurer about the use of the home, what should you do to protect the insurer’s interest? What
are the consequences of not taking the proper steps to protect the insurer’s interest?

I need basic explanations

Special Requirements

Upload files (if required)

Drop files here to upload

Add files...

Account info

Already have an account?

Name *

E-mail *

Password *

The password must be at least 6 characters.

I agree with terms & conditions