Dp 1 answer basic - Study guides, Class notes & Summaries

1. Which of the following is a key assumption of the supply and demand model? A) that the price and quantity sold are determined in a single market B) that the prices and quantities sold are simultaneously determined in all markets C) the way the whole economy achieves equilibrium D) that international markets affect domestic markets, which in turn affect local markets 2. A key assumption of the supply and demand model is that: A) each firm's good is unique and cannot be duplic...

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-...

CA Adjusters License Exam (2024) || All Questions & 100% Correct Answers CA Adjusters License Exam (2024) || All Questions & 100% Correct Answers Which of the following dwelling forms provides coverage for loss of rental income? - The Basic, Broad and Special Form - The Basic and Broad Forms only - The Broad and Special Forms only - The Special Form only - ANSWER - The correct answer is: The Basic, Broad and Special Form. EXPLANATION: All of the forms provide for rental value co...

Which of the following dwelling forms provides coverage for loss of rental income? - The Basic, Broad and Special Form - The Basic and Broad Forms only - The Broad and Special Forms only - The Special Form only - Correct Answer The correct answer is: The Basic, Broad and Special Form. EXPLANATION: All of the forms provide for rental value coverage. In the DP-2 and DP-3, it is 20% of the Coverage A limit and is additional coverage. With the DP-1, the 20% coverage reduces the avail...

Cheat Sheet - Property & Casualty Exam Questions and Answers 100% Pass What are the forms of homeowner policies? - Correct Answer ️️ -HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 - Correct Answer ️️ -Broad form; owner occupant HO-3 - Correct Answer ️️ -Special Form; owner occupant HO-4 - Co...

Idaho Personal Lines Simulation &Guarantee ExamFX Questions and Answers 100% Correct Idaho Personal Lines Simulation &Guarantee ExamFX Questions and Answers 100% Correct Idaho Personal Lines Simulation &Guarantee ExamFX Questions and Answers 100% Correct An insured condominium unit owner wants to purchase fire and extended coverage for personal property and liability coverage for himself and his family members. He should purchase - ANSWER-HO-6 Which of the following best describes th...

NJ Property Producer ExamDwelling Policy - correct answer Only insures property DP-1 - correct answer Basic Form DP-2 - correct answer Broad Form DP-3 - correct answer Special Form Dwelling Coverage A - correct answer Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B - correct answer Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C - correct answer Personal P...

Which of the following dwelling forms provides coverage for loss of rental income? - The Basic, Broad and Special Form - The Basic and Broad Forms only - The Broad and Special Forms only - The Special Form only - CORRECT ANSWER The correct answer is: The Basic, Broad and Special Form. EXPLANATION: All of the forms provide for rental value coverage. In the DP-2 and DP-3, it is 20% of the Coverage A limit and is additional coverage. With the DP-1, the 20% coverage reduces the ava...

Pearson Vue Property Insurance Practice Test 100% Correct Solved 1. Which of the following perils is covered under the Commercial Property Basic Cause of Loss form? 1. A. Collapse 2. B. Sinkhole collapse 3. C. Falling objects 4. D. Breakage of glass - Correct Answer ️️ -Answer: B Sinkhole Collapse The National Flood Insurance Program provides coverage for losses caused by all of the following occurrences EXCEPT: A. mudslides B. runoff from heavy rain C. overflow of tidal water...

Florida Claims Adjuster Exam #3 Questions with Correct Answers Which of the following forms is "all-risk" on the dwelling policy? A. DP-1, or the Basic Form B. DP-2, or the Broad C. DP-3, or the Special Form D. None of the Above - Answer-C. DP-3, or the Special Form When the basic liability limits provided by the policy are insufficient for an insureds needs, two coverage forms are used to provide the *additional amounts* of coverage: A. Excess Liability B. Umbrella C. Both A ...