As a Condition for Recovery, a Fire Insurance Policy May

question 29

True/False

As a condition for recovery, a fire insurance policy may require an insured to file a proof of loss, but the insurer cannot avoid liability for a failure to comply.

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Definitions:

Socioeconomically

Refers to the social and economic factors and how they influence individuals and communities.

Reluctance

A hesitancy or unwillingness to take action or embark upon a specific course due to doubt or apprehension.

Evil Eye

A belief in many cultures that someone can cause misfortune or injury to another simply by looking at them with envy or ill intent.

Mystical Sources

References or origins attributed to supernatural or esoteric forces beyond the common understanding of reality.