General Insurance Principles第 175 / 474 题
An insured sells her house and tries to hand her homeowners policy to the buyer. Under the personal-contract rule:
a.the policy transfers to the buyer as soon as the sale has closed
b.the policy may be assigned only with the insurer's written consent
c.the buyer may keep the policy until the current term expires
d.the policy follows the building automatically to the new owner
解析
Property insurance covers a person against financial loss, not the building itself, so the insurer underwrote this particular owner. Assignment therefore requires the insurer's consent, since it would otherwise be forced to accept a stranger it never evaluated. The answers that let the coverage ride along with the deed or the closing confuse the policy with the property.
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