Question

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.

Answer 1

i believe it is
- 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.

Answer 2

All except the third one.