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In the context of insurance, an inspection fee is an amount of money that an insurer or an insurance agent charges to inspect a risk.

Generally, a risk is an object of insurance, such as a car or a building, to which damage may occur or which may itself cause damage. In order to determine whether the insurer is prepared to insure the risk, and if so, the premium to charge, it is necessary to determine the characteristics of it. This may include, depending upon the kind of risk involved, its age, condition, size, make, model, or other factors.

Since most states regulate insurance premiums and related fees, it is usually necessary to get regulatory approval to charge an inspection fee. This is true regardless of whether the insurer or the insurance agent charges it, as both entities are regulated.

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