Dwelling extensions - Study guides, Class notes & Summaries

NYREI practice exam questions and answers For the income approach to appraisal, value is a reference to what? - CORRECT ️️ the worth of the investment Which method of property description is most frequently used in New York State? - CORRECT ️️ 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 ️️ liquidity. Who sets the legal description? - CORRECT ️️ surveyo...

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? - correct answer30 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. - correct answer30 day Personal property that is covered under the Personal Property Replacement Cost Endor...

Protect the property from further loss Correct Answer Which of the following is an obligation of the insured involving a covered property insurance loss? 10 years. Correct Answer A New York adjuster commits an act of insurance fraud addressed by the Federal Insurance Fraud Act. The fraud does not affect the financial stability of the company. What is the maximum time the adjuster may be confined to prison? $50,000. Correct Answer If the New York Superintendent levies five civil penalties a...

collapse - coverage involving a building, or any part of the it suddenly falling into pieces or entirely falling down must be directly caused by - perils described in section 1 losses insures, and coverage b personal property - hidden decay - hidden insect damage - weight of contents, equipment, animals, or people - weight of ice, snow, or rain collected on roof use of defective material or methods in the construction of the building accidental direct physical loss contract - loss c...

Texas all lines adjuster Exam Questions With Verified Answers. All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: - answerWhile performing a task that a fellow worker requested, that was unusual to the employee's job description, but occurred on the employer's premises during working hours. Which of the following statements is NOT TRUE regarding the implied warranties of an Ocean Marine po...

NYREI practice exam questions and answers 100% correct 2023/2024 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 descrip...

Property and Casualty Insurance Final Exam Questions and Answers Latest Updated 2024 (GRADED) An unlicensed employee of an insurance agency may perform all of the following EXCEPT: - correct answer A) Accept a claim form B) Type correspondence for a direct mail campaign C) Deposit properly endorsed checks into the agency's bank account •• D) Advise an insured of coverage issues A producer must notify the insurance division of an address change within: - correct answer A) 10 days B) 2...

Property and Casualty Insurance - Final Exam All Answers Correct An unlicensed employee of an insurance agency may perform all of the following EXCEPT: A) Accept a claim form B) Type correspondence for a direct mail campaign C) Deposit properly endorsed checks into the agency's bank account •• D) Advise an insured of coverage issues A producer must notify the insurance division of an address change within: A) 10 days B) 20 days C) 25 days •• D) 30 days A Temporary Li...

For the income approach to appraisal, value is a reference to what? - correct answers--the worth of the investment Which method of property description is most frequently used in New York State? - correct answers--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 answers--liquidity. Who sets the legal description? - correct answers--surveyor Dwelling policies gener...

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...