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10. What happens if the insured tenant and the insurance company fail to agree on the amo
a. Either the tenant or the company can request an appraisal, so that an impartial thir
request an appraisal, so that an impartial third party determines
the amount of loss
b. The insurance policy becomes null and void
The insurance company is forced to pay the current online market price for the item
d. The landlord or owner of the building must make up the difference in the disputed value

Respuesta :

Answer:

A is the answer

Step-by-step explanation:

If you fail to agree on the actual cash value, amount of loss, or cost of repair or replacement, either can make a written demand for appraisal. ... The two appraisers will then set the amount of loss, stating separately the actual cash value and loss to each item.

adioabiola

When the insured tenant and the insurance company fail to agree on the amount of loss; Choice A is what happens: Either the tenant or the company can request an appraisal, so that an impartial third party determines the amount of loss.

Discussion:

Situations such as in the question may arise when quantifying the amount of loss in an insurance situation.

In such scenarios; the best option is for either the tenant or the company can request an appraisal, so that an impartial third party determines the amount of loss.

The essence of this, is to ensure fairness in quantification of the amount of loss.

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