Exam DISC-IA Practice Question 46
Study guide: Exam DISC-IA
Under the ISO homeowners form (HO 00 03), which statement about settling a property damage claim is correct?
- A) The insurer may elect to repair or replace, by notice within 30 days of the proof of loss
- B) Loss is payable 30 days after the fire, whether or not a proof of loss is filed
- C) The insurer must pay full replacement cost before any repairs are made
- D) Payment always goes to the insured, even when a mortgagee is named
Answer this question and see the worked solution