What must happen in order for an insurance company to make a payout? Check all that apply. The insurance company must verify the claim.The insured party must file a claim.The insured party must purchase property.The insurance policy must be in place.The insured party must experience a covered loss.
A
The insurance company must verify the claim.B
The insured party must file a claim.C
The insured party must purchase property.D
The insurance policy must be in place.E
The insured party must experience a covered loss.