Dwelling extensions - Study guides, Class notes & Summaries

Policy Study Guide Exam Questions With 100% Correct Answers Coverage A - answerDwelling Coverage B - answerPersonal Property Coverage C - answerLoss of Use Coverage A - answeris the dwelling and dwelling extensions. The dwelling is the structure used principally as a the private residence and the dwelling extensions are other structures on the residence premises separated from the dwelling by clear space. Structures connected to the dwelling by only a fence, utility line, or similar con...

New York Adjuster Exam Questions and Answers Graded A+. The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. 30 day Personal property that is covered under the Personal Property...

Policy Study Guide Exam Questions With 100% Correct Answers Coverage A - answerDwelling Coverage B - answerPersonal Property Coverage C - answerLoss of Use Coverage A - answeris the dwelling and dwelling extensions. The dwelling is the structure used principally as a the private residence and the dwelling extensions are other structures on the residence premises separated from the dwelling by clear space. Structures connected to the dwelling by only a fence, utility line, or similar con...

The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? ☑: 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. ☑: 30 day Personal property that is covered under the Personal Property Replacement Cost Endorsement is damaged ...

State Farm Fire Independent Policy Exam Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. C. ALE payments can run beyond the expiration of the policy. D. ALE payme...

New York Adjuster Exam Questions and Answers Latest 2024 Graded A+. The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. 30 day Personal property that is covered under the Perso...

The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? Answer - 30 days When a New York Homeowners policy is still in the 60-day underwriting period, the insurer may cancel it for any reason by providing a ______ notice. Answer - 30 day Personal property that is covered under the Personal Property Replacement Cost Endorsement is dama...

Coverage A - Dwelling Coverage B - Personal Property Coverage C - Loss of Use Coverage A - is the dwelling and dwelling extensions. The dwelling is the structure used principally as a the private residence and the dwelling extensions are other structures on the residence premises separated from the dwelling by clear space. Structures connected to the dwelling by only a fence, utility line, or similar connection are still considered to be other structures. Examples of dwelling exten...

NJ Property & Casualty What is a Business Owners Policy (BOP)? - Correct Answer-They usually are targeted at small and medium-sized businesses. This assembles the basic coverages required by a business owner in one bundle. What are the features of a BOP Policy? - Correct Answer-Property Liability, Business Income, and General Liability What is the method of valuation on building and business personal property? - Correct Answer-Replacement Cost / 80% or more of the full replacement ...

For the income approach to appraisal, value is a reference to what? CORRECT ANSWER the worth of the investment Which method of property description is most frequently used in New York State? CORRECT ANSWER Metes and bounds One important characteristic of investing caused Bill to invest in certificates of deposit rather than real estate. Bill was concerned with CORRECT ANSWER liquidity. Who sets the legal description? CORRECT ANSWER surveyor Dwelling policies generally exclude CORRECT...