In what circumstance would a property insurance claim be rejected
a) The insurance company finds that a homeowner intentionally caused damage.
b) The property damage is caused by a natural disaster, such as a flood.
c) The insurance company changes its policies after property damage occurs.
d) The property damage is extensive and requires lengthy and expensive repairs.
[bg_collapse view=”button-orange” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer” collapse_text=”Hide Answer” ] a) The insurance company finds that a homeowner intentionally caused damage. [/bg_collapse]
The insurance company finds that a homeowner intentionally caused damage. If you’re thinking about filing a property insurance claim, you should be aware that your claim can be rejected if the damages are found to be intentional. For example, if you deliberately set fire to your house in order to collect the insurance money, your claim will be denied. The same is true if you damage your property on purpose in order to file a claim.
Insurance companies are very good at investigating claims, and they will usually reject any claim that they believe is fraudulent. So if you’re thinking about committing insurance fraud, think twice – it’s not worth the risk.
There are a few conditions where your property insurance claim can be rejected. One is if you have not maintained your home in a good condition and it is deemed that you have been negligent. Another is if the damage is due to something that is not covered in your policy, such as flooding or earthquakes. And finally, if you make a claim for something that is not actually damaged, such as wanting to replace all of your carpeting because one room was flooded, the insurance company may reject your claim.
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