Dean advises his Broker that he has completed renovations in his basement. He will be renting the basement to two separate families but does not want his rate to increase. Dean has been a long term client and refers a lot of business to the Brokerage. What should the Broker do? Inform the client of a likely premium increase and advise the insurance company of the change.
Dean advises his Broker that he has completed renovations in his basement. He will be renting the basement to two separate families but does not want his rate to increase. Dean has been a long term client and refers a lot of business to the Brokerage. What should the Broker do? Inform the client of a likely premium increase and advise the insurance company of the change.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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