KS Public Adjuster Practice Questions - Kansas Public Adjuster Exam

What is a 'waiver of subrogation' endorsement and how does it affect commercial property claims?

It waives the deductible on the claim It prevents the insurer from pursuing a third party for recovery after paying a claim, which is often required in lease or contract agreements It waives the requirement for a proof of loss It eliminates the coinsurance penalty

Correct Answer:

It prevents the insurer from pursuing a third party for recovery after paying a claim, which is often required in lease or contract agreements

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