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On an occurrence based policy if insured sales his commercial property 11012002 and a liability claim is reported 152007 for a slip fall that took place on 5-15-02 would there be coverage under the l? |
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Answer
This question cannot be answered, because the policy period is unknown in this story problem. In an occurence based liability policy, the insurance will pay on all claims that were caused by events that orrurred during the policy period regardless of when the claims are made. The date that the property was "sold" is immaterial to the question.
First answer by ID1178222086. Last edit by ID1178222086. Question popularity: 14 [recommend question]
Answers.com > Wiki Answers > Categories > Business and Finance > Insurance > Commercial Insurance > On an occurrence based policy if insured sales his commercial property 11012002 and a liability claim is reported 152007 for a slip fall that took place on 5-15-02 would there be coverage under the l?
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