The Process of Collecting on Your Property Losses Begins with ____

question 69

Multiple Choice

The process of collecting on your property losses begins with ____ and ends with your ____.

• A)contacting your insurance representative; signing a release
• B)contacting your insurance representative; receiving payment for the loss
• C)filing an insurance claim; signing a release
• D)filing an insurance claim; receiving payment for the loss

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Definitions:

Forged Cheque

refers to a check that has been illegally altered or signed without the account holder’s authorization, often with fraudulent intent.

Ownership Transfer

The process by which the legal rights and responsibilities of an asset are passed from one person or entity to another.

Heritage Property

Property designated due to its historical, cultural, or architectural significance, often protected by law.

Modifications Impossible

Refers to a situation or condition where changes, amendments, or alterations are not feasible.