Insurance 101 – Chapter 3 – Volume 4 – More on Moral Hazard

More on Moral Hazard

Permitting double recovery might create a moral hazard by giving the insured an incentive to use less than reasonable care in preventing or avoiding a covered insurance loss which is the temptation created by a valued policy.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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