Obligations of the Insured in Property Management Liability Insurance

The insured has the obligation to truthfully inform, timely and accurately provide the list of entrusted property, and truthfully answer the insurer's inquiries about the situation. In addition, the insurer shall pay the insurance premium on time as agreed. If the insurance premium is not paid as agreed, the insurer shall not be liable for compensation. During the insurance period, if the insured finds that the important insured items have changed or the risks of the subject matter insured have increased, he shall promptly notify the insurer in writing, and the insurer shall go through the correction procedures or increase the insurance premium. When an accident occurs within the scope of insurance liability, the insured shall try his best to take necessary measures to reduce or mitigate the loss, and immediately notify the insurer, explaining the cause, course and loss degree of the accident in writing, otherwise, the insurer will not be responsible for compensation for the expanded liability. In the event of an accident within the scope of insurance liability, the property in which the accident occurred shall not be replaced or repaired without the consent of the insurer. When the insured learns that there may be a lawsuit, he shall immediately notify the insurer in writing and serve it on the insurer in time after receiving the court summons or other legal documents.