If the owners of a building insured under a Commercial General Liability policy purchase another building in
Fantastic news! We've Found the answer you've been seeking!
Question:
If the owners of a building insured under a Commercial General Liability policy purchase another building in the same risk class, how soon will coverage on the second building go into affect?
a. immediately after closing the purchase of the second building
b. when the owners notify their insurance producer of the purchase
c. when the owners notify their insurance company of the purchase
d. when the owners pay the required additional premium
Related Book For
Fundamentals of Financial Management
ISBN: 9780273713630
13th Revised edition
Authors: James van Horne, John Wachowicz
Posted Date: