Policy Structure & ProvisionsCâu 470 / 474
A contractor's negligence floods the insured's kitchen, and the insured signs a paper releasing the contractor. The insurer may then:
a.Pay in full and then sue the insured
b.Refuse to pay what it cannot recover
c.Cancel the policy back to its start date
d.Pay the claim and still sue the contractor
Giải thích
The subrogation condition transfers the insured's rights of recovery to the insurer once it pays, and it forbids the insured from doing anything after a loss that impairs those rights. An insured who releases the negligent party destroys the insurer's recovery and can lose the claim to that extent. A release given before any loss is a different matter and is generally permitted in writing.
Luyện miễn phí toàn bộ 474 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
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