A reporting form is used for Property Insurance a. To maintain the correct limits of coverage without over or under insuring – when the value or volume of insured property varies during the policy ter
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A reporting form is used for Property Insurance
a. To maintain the correct limits of coverage without over or under insuring – when the value or volume of insured property varies during the policy term.
b. To establish a guaranteed amount of insurance based on a report of values submitted to the insurer before the beginning of the policy term.
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Order Paper Nowc. When the insured premises are subject to periodic safety inspections.
d. To report losses and adjust the insurance in force to conform.
