Which of the following is NOT a duty of the insured in an Inland Marine policy?

Prepare for the New York Independent General Adjuster Exam. Practice with flashcards and multiple choice questions, each question offers hints and explanations. Excel on your exam!

In an Inland Marine policy, the insured has specific duties they must fulfill after a loss occurs. The correct answer highlights a duty that is often not required of the insured. While many insurance policies require a statement of loss to be provided in a timely manner, the specific timeframe and requirement can vary by policy.

The duty to notify the police of any broken laws aligns with the obligation to report incidents that may involve criminal activity, thus protecting both the insured and the insurer's interests. Keeping a record of expenses related to a loss is crucial for establishing the extent of damages and costs incurred. Protecting property from further damage reflects the insured's responsibility to mitigate losses, which is a fundamental principle in insurance.

In this context, the duty to provide a statement of loss may not universally apply to Inland Marine policies within the specified timeframe, making it potentially the right choice as the answer to the question about what is NOT a duty of the insured in this type of policy.

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