If the insured changed its occupation to less hazardous occupation, why do insurers typically reduce...
80.2K
Verified Solution
Link Copied!
Question
Accounting
If the insured changed its occupation to less hazardous occupation, why do insurers typically reduce the premiums rather than increase the benefits in order to match with the risk of new occupation?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
