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Insurance in respect of the property will be carried out by the Society in accordance with the rules and the mortgage conditions

admin2013-07-02  73
问题     Insurance in respect of the property will be carried out by the Society in accordance with the rules and the mortgage conditions with such insurance companies as the Society may determine. The Society has a wide experience of insurance companies and of the terms offered by their policies, and places insurance with many companies who are able to provide the cover which the Society considers necessary. You may like the Society to insure with a particular company, and if so please contact immediately the Branch Office to which you submitted your application for loan, and so long as that company and its terms are acceptable to the Society the cover will be arranged accordingly. If you should suggest a company and it is not one with which the Society does business you will be informed and offered a choice of other companies. You may request change of insurance company at any time during the life of the mortgage. If your mortgage is under the endowment scheme or supported by an insurance guarantee or if the documents of title specify the company to be used it may not be possible to accept your choice.

    The initial sum insured will be the figure shown under the heading "Amount of Property Insurance" in the Details of Loan. This figure is the amount recommended by the Society’s valuer, as his estimate of the replacement cost of the building at the date of valuation, unless some other amount has been agreed in writing between you and the Society. No warranty is given or implied that the amount of insurance will cover complete loss.
    You are reminded that the market value of your property bears no relationship to the cost of replacement. The amount for which the property is insured should therefore not be less than the cost, at the time of repair or replacement, of rebuilding all the property covered in the same materials, form, style and condition as when it is new. It should also include in complying with the requirements of the Local Authority and in removing debris, etc. The term "property" includes domestic outbuilding, garages, walls, landlords fixtures and fittings, etc., but excludes the value of the land.
    The market value of a house is therefore likely to be less than the cost of rebuilding, especially if the property is elderly. Even if the property is recently built, the work involved in reinstatement will be more expensive than the building cost which can be achieved by a builder building on an estate basis.
If you want to insure with a particular company but it is not acceptable to the Society, what will the Society probably do?
选项
答案It will offer a choice of other companies
解析 第一段中提到了客户要求办理财产保险时挑选保险公司的几种情况。第三句中提到，如果客户想投保某一家公司，而这家公司及其条款都是保险协会可接受的，协会就会为其办理相应手续。第四句说，如果客户想投保的公司与协会没有业务往来，那么协会将为其推荐其他公司。鉴于协会的盈利性质，一定不会置之不理，只可能是第四句话的情形。
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