The contents of an insured’s store were damaged by a covered peril on his Property Policy. The insured demanded the insurance company take the damaged property and pay for the policy’s entire business personal property amount. The insurer may refuse to take the damaged property because the policy does not permit:

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The contents of an insured’s store were damaged by a covered peril on his Property Policy. The insured demanded the insurance company take the damaged property and pay for the policy’s entire business personal property amount. The insurer may refuse to take the damaged property because the policy does not permit:

a. arbitration.

b. subrogation.

c. abandonment.

d. assignment.

Answer: C

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