A Commercial Property Policy on a mortgaged property specifies which of the following responsibilities as a duty of the insured?

A Commercial Property Policy on a mortgaged property specifies which of the following responsibilities as a duty of the insured?



To provide a sworn proof of loss statement following a loss if requested by the company


To return the policy if it is canceled by the insurance company


To pay the mortgagee in full in the event of a total loss


Hire a public adjuster to appraise damages



Answer: To provide a sworn proof of loss statement following a loss if requested by the company

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