Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If the owners of a building insured under a Commercial General Liability policy purchase another building in the same risk class, how soon will coverage

If the owners of a building insured under a Commercial General Liability policy purchase another building in the same risk class, how soon will coverage on the second building go into affect?

a. immediately after closing the purchase of the second building

b. when the owners notify their insurance producer of the purchase

c. when the owners notify their insurance company of the purchase

d. when the owners pay the required additional premium

Step by Step Solution

3.46 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

Page No Date Anburer rwill beld whern dche iumara ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Management

Authors: James Van Horne, John Wachowicz

13th Revised Edition

978-0273713630, 273713639

More Books

Students also viewed these General Management questions

Question

What is goodwill, and how is it calculated?

Answered: 1 week ago

Question

Tell me about the other language(s) you speak.

Answered: 1 week ago