Question

Johnson applied for fire insurance on his boat. He paid a premium and received a binder that stated: “This policy not effective until the property insured is inspected and the policy is approved by the company.” Before the policy was issued, the boat was destroyed in a fire. Can Johnson recover for the loss?


$1.99
Sales0
Views31
Comments0
  • CreatedSeptember 15, 2015
  • Files Included
Post your question
5000