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system costing $5,000.00 which has just car. What should you tell him? Provide you with a copy of the invoice so you can have his c endorsed to cover its full value. No further action is needed. The new system is automatical 1 Owner's Policy as part of the car. There is no coverage on the system unless the car is equipp

system costing $5,000.00 which has just car. What should you tell him? Provide you with a copy of the invoice so you can have his c endorsed to cover its full value. No further action is needed. The new system is automatical 1 Owner's Policy as part of the car. There is no coverage on the system unless the car is equipp

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A client phones to tell you he has bought a high-end stereo system costing $5,000.00 which has just been installed in his car. What should you tell him? Provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's Policy endorsed to cover its full value. No further action is needed. The new system is automatically covered under O.A.P. 1 Owner's Policy as part of the car. There is no coverage on the system unless the car is equipped with an approved security system. There is no coverage if the system is stolen unless the car has been forcibly opened.
Transcribed Image Text:A client phones to tell you he has bought a high-end stereo system costing $5,000.00 which has just been installed in his car. What should you tell him? Provide you with a copy of the invoice so you can have his O.A.P. 1 Owner's Policy endorsed to cover its full value. No further action is needed. The new system is automatically covered under O.A.P. 1 Owner's Policy as part of the car. There is no coverage on the system unless the car is equipped with an approved security system. There is no coverage if the system is stolen unless the car has been forcibly opened.
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