Appurtenant structures - Study guides, Class notes & Summaries

Property and Casualty Ga ExamAbsolute Liability - correct answer One is absolutely liable with no defense Actual Cash Value (ACV) - correct answer Cost to replace an item of property at time of loss minus depreciation. Often used to determine the amount of reimbursement for loss. Appurtenant Structures - correct answer Buildings of lesser value that are on the same premises as the main building insured under a property policy; they are usually covered by the policy. Arbitration Condi...

State Farm Insurance License Exam Questions And Answers Abandonment Condition - ANS A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - ANS A loss that occurs at a specific time and place Actual Cash Value (ACV) - ANS Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; auth...

Latest Real Estate Final Exam- 100 Questions and Answers |UPDATED| Graded A+ Zoning is under the control of: *Ans* government agencies. A contract that is binding and enforceable in a court of law is said to be: *Ans* valid. Escrows base monthly prorations on how many days? *Ans* 30 The area of a rectangular lot that is 50 feet wide by 100 feet deep is: *Ans* 5,000 sq. ft. For about how much assessed value is the Homeowner's Property Tax Exemption? *Ans* $7,000 Misuse of the real est...

Wake County CPO Latest Update 100% Correct Director means the Wake County Department of Human Services Director or authorized representative Operator means the certified pool operator (CPO) who is responsible for the daily operation of a public swimming pool Owner means the owner of the swimming pool, or the responsible management company Pool Area means the interior of the fenced area around a swimming pool including the swimming pool itself and the interior of all toilets, ba...

State Farm Insurance License Exam Questions and Answers Abandonment Condition A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident A loss that occurs at a specific time and place Actual Cash Value (ACV) Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer Compa...

Which part of an insurance policy describes the responsibilities and obligations of both the insurance company and the insured under the policy? Conditions The limits of liability are found in which of the following sections of a casualty policy? Declarations The _____ page in an insurance contract contains information about the risk, the effective date of coverage, deductible, premium amounts, coinsurance percentage, and location of the insured property. Declarations The...

Abandonment Condition - A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - A loss that occurs at a specific time and place Actual Cash Value (ACV) - Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - Company that meets a state insurance department's standards and i...

State Farm Insurance License Exam Review With Correctly Answered Questions 100% Excel _ Liberty University Abandonment Condition - CORRECT ANSWER-A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - CORRECT ANSWER-A loss that occurs at a specific time and place Actual Cash Value (ACV) - CORRECT ANSWER-Today's replacement cost minus depreciation. D...

Abandonment Condition - A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - A loss that occurs at a specific time and place Actual Cash Value (ACV) - Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - Company that meets a state insurance department's standards and...

Real Estate Final Exam | 100 Questions| AcZoning is under the control of: - ANSWER government agencies. A contract that is binding and enforceable in a court of law is said to be: - ANSWER valid. Escrows base monthly prorations on how many days? - ANSWER 30 The area of a rectangular lot that is 50 feet wide by 100 feet deep is: - ANSWER 5,000 sq. ft. For about how much assessed value is the Homeowner's Property Tax Exemption? - ANSWER $7,000 Misuse of the real estate appraisal re...