Dwelling extensions - Study guides, Class notes & Summaries

New York Adjuster Exam Questions and Answers Graded A+ (2024/2025) 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? 30 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. 30 day Personal property that is covered under the Person...

New York Adjuster Exam Questions and Answers Graded A+. 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? 30 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. 30 day Personal property that is covered under the Personal Property...

CAIB 1 Practice Exam (Long Answer) Rated A+ Your clients suffered a fire loss totalling $87,555. When making the proof of loss, they claimed $1,500 for a stereo unit which they never owned. In the event that the fraud is discovered by the insurer, what portion of the claim, if any, is required to be paid under policy? When the insurer is able to prove fraud, it is entitled to deny the entire claim, and not just that part which was fraudulent. (1 mark The insurer always has the right...

RIBO TEST 3 HOME INSURANCE ALREADY PASSED In the Homeowners Comprehensive Policy, there are Extensions of Coverage provided. Which of the following extensions increase the amount of insurance? a. Tear Out b. Moving to Another Home Incorrect c. Arson Conviction Reward d. Lock Replacement Arson Conviction Reward Which of the following statements is CORRECT about the Highway Victims Indemnity Fund? It will not pay if the claimant is totally responsible for causing the accident. To cover costs...

New York Adjuster Exam 2024 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? - Answer ️️ -30 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. - Answer ️️ -30 day Personal property that is covered under the Personal P...

NYREI practice exam questionsFor 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 description? - correct answer surveyor Dw...

Texas all lines adjuster exam questions and answers 100% pass All of the following are criteria for an accident to have occurred "in the course of" the employment under a workers' compensation policy, EXCEPT: -Answer-While 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 pol...

Protect the property from further loss - ANSWER Which of the following is an obligation of the insured involving a covered property insurance loss? 10 years. - 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. - ANSWER If the New York Superintendent levies five civil penalties against a licensed ...

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 Answer 30 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 Answer 30 day Personal property that is covered under the Personal Property Replacement Cost Endorse...