Responsibilities of an insured include:
Conducting a thorough investigation.
Hiring outside counsel.
Notifying the insurance company of a claim.
Analyzing the factual allegations.
None of the above.
c? or d not 1005 sure
The insured only needs to notify the insurance company.
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To determine the correct answer, we need to understand the question being asked: "Responsibilities of an insured include:"
To find the answer, we can analyze each option:
a) Conducting a thorough investigation: This could be a potential responsibility of an insured, as they may need to gather evidence or information related to a claim to support their case.
b) Hiring outside counsel: While an insured can choose to hire outside counsel, it is not generally considered their direct responsibility. It is more common for the insurance company to provide legal representation in most cases.
c) Notifying the insurance company of a claim: This is generally a responsibility of the insured. In the event of a claim, it is important for the insured to promptly inform their insurance company to start the claims process.
d) Analyzing the factual allegations: This responsibility is typically carried out by the insurance company or its representatives, such as claims adjusters or legal teams. It is less likely to be an insured's direct responsibility.
Based on the analysis above, the most appropriate answer would be c) Notifying the insurance company of a claim as it is a common responsibility of the insured.