QUESTION 9 Which one of the following statements is correct with respect to the condition Duties in the Event of Loss or Damage of the Building and Personal Property Coverage Form (BPP)? (2 points) Choose one answer. To prevent insurance fraud, the insurer is obliged to notify the police of all losses reported. The insured is required to give the insurer notice of the loss, including a description of the property damaged, within 24 hours. If the insured fails to perform any of them, the insurer may not have to pay for the loss. The claims adjuster is required to take all reasonable steps to protect the property from further loss, prepare an inventory and set the damaged property aside