What must happen in order for an insurance company to make a payout? Check all that apply. The insurance company must verify the claim. The insured party must file a claim. The insured party must purchase property. The insurance policy must be in place. The insured party must experience a covered loss.

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Business

Sienna Frank

5 April, 18:40

What must happen in order for an insurance company to make a payout? Check all that apply. The insurance company must verify the claim. The insured party must file a claim. The insured party must purchase property. The insurance policy must be in place. The insured party must experience a covered loss.

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Juan Cervantes · Answer 1

I believe these are the answers:

- The insurance company must verify the claim

- The insured party must file a claim

- The insurance policy must be in place

- The insured party must experience a covered loss.

Insured party does not necessarily had to buy a certain property because insurances companies cover occurences that do not involve property at all.

For example, life and insurances could generate payout if the insured died/get sick.