Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Which of the following statements about property insurance contracts is correct?

A.) All parties to the contract help write and negotiate contract terms
B.) Property insurance is known as first-party insurance
C.) Property insurance contracts only cover direct physical losses
D.) There are three parties to a property insurance contract