The card ho Study guides, Class notes & Summaries

M100 Community Association Management Exam - Questions, Answers and Rationales Which of the following is not a common insurance coverage and endorsement for property exposures to loss? a. commercial package policy (CPP) insurance b. boiler and machinery insurance c. flood insurance d. hired and non-owned automobile liability insurance Common insurance coverages and endorsements for property exposures to loss include commercial package policy insurance, boiler and machinery insurance, building ...

Insurance License NY Questions and Answers Graded A New home buyer S called his agent and told him that he wanted the broadest coverage available for his new home. Which policy would the agent be most likely to recommend? A) HO-3 B) HO-5 C) HO-2 D) HO-8 - Answer ️️ -B Which of the following best defines a hazard? A) It eliminates the chance of loss B) It increases the chance of loss C) It is a cause of loss D) It increases the amount of loss - Answer ️️ -B Under the Homeowne...

State Farm License - Homeowner and Auto policies Exam Questions With 100% Correct Answers What are the parts and sections in HP policy? Section I: Property Coverages Coverage A - Dwelling Coverage B - Other structures Coverage C - Personal Property Coverage D - Loss of Use Deductible: at least $250 Section II: Liability Coverages Coverage E - Personal Liability Coverage F - Medical Payment to Others No Deductible name insured person named on the Dec page and their spouse, if a res...

State Farm Fire Independent Policy Exam Questions and Answers 100% Pass 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 expirat...

State Farm Fire Independent Policy Exam questions and answers 2023Select 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 ...

State Farm Fire Independent Policy Exam Questions and Answers 100% Pass 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 expirat...

DP - valuation - DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - 20% of A DP - coverages (A-E) - A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - DP-1 - 5 days DP-2 - 30 days DP - limit for trees/plants/shrubs - 5% of A $500 per tree/shrub/...

State Farm Fire Independent Policy Exam 2023 verified already passedSelect 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 o...

Rental Obstacle + Solutions: Low Income - ANSWER -Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - ANSWER Prioritize "needs over "wants" -reduce or eliminate "wants" -cancel or downgrade services(e.g. cable, telephone) -limit miscellaneous spending - stick to a shopping list - pay off a loan or credi...

3 reasons for additional coverage - - some additional coverages do not fit into the ABC or D groups - some additional coverages address items that are excluded from the full coverage under A B or C, and for which modest amounts f coverage are added back - perils of collapse is defined within additional property language Varying features of the 12 additional coverages - - some additional coverages create additional limits - some additional coverages are subject to the policy deductible, bu...