Commerical property - Study guides, Class notes & Summaries

Appraisal An estimation of a property's value, usually prepared by a professional who is licensed in this field. Brokerage The business of bringing people together in a real estate transaction. Commerical The types of properties that include office spaces, shopping centers, stores, theaters, hotels, parking facilities, etc. Development The term for the construction of improvements upon the land. Elevation Certificate Insurance agents are required to obtain one of these on any property bef...

CISR Insuring Commerical Property

CISR Insuring Commerical Property - Q&A

CISR Insuring Commerical Property - Q&A

CISR Insuring Commerical Property - Q&A

CISR Insuring Commerical Property Correct answers latest update

Select the answer that most closely describes Actual Cash Value (ACV). - A method of establishing the value of property wherein depreciation and obsolescence are deducted from the value of the property. Select the answer that most closely describes Functional Replacement Cost. - A provision which changes the policy valuation so as to provide for replacement with a different structure which performs the same service or function, but is less costly. Which of the following statements best def...

CISR Insuring Commerical Property - Q&A

CISR Insuring Commerical Property (Latest 2024) Questions With Complete Grade A+ Answers

New York All Lines Adjuster Exam with 100% Correct Answers (Graded) DP - valuation - ANSWER-DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - ANSWER-20% of A DP - coverages (A-E) - ANSWER-A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - ANSWER-DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - ANSWER-DP-...