Replacement cost - Study guides, Class notes & Summaries

NC Personal Lines | Q&A Latest 2024/2025 | 100% PASS Example of Direct Loss - Answer -Loss due to fire destroying a building Risk Sharing - Answer -B and G agree to share the cost of replacing a basketball goal if it is damaged. In risk management terms this is __________ Replacement Cost - Answer -D has a property contract that agrees to pay her the full value of damaged personal property at the current cost without depreciation. This type of property loss valuation is known as: Risk -...

Alberta General Insurance Level 1 – Questions and Answers Already Passed Your insured, a sole proprietor, purchased a building valued at $1 million. The insurance policy has a coinsurance clause based on the replacement cost value of 90%. Contrary to your advice, your insured insures the building for only $500,000. He suffers a windstorm loss totaling $150,000. How much will the insurer pay? a) $75,000 b) $83,333 c) $150,000 d) $93.755 b) $83,333 An insured property is covered ...

The cost approach to pricing is often used when comparables are not available The most likely approach to pricing which would be used for a school or fire station is the cost approach The approach to pricing which is based on what it costs to replace the improvements is the cost approach The cost of replacing a building with a precise duplicate of the original building is the reproduction cost The cost of replacing a building with on that performs the same functio...

Test Bank for Corporate Finance: A Focused Approach 8th Edition 8e by Michael C. Ehrhardt; Eugene F. Brigham. ISBN 4638 Full Chapters test bank included Chapter 1: An Overview of Financial Management and the Financial Environment 1-1 The Five-Minute MBA 1-2 Finance From 40,000 Feet Above 1-3 The Corporate Life Cycle 1-4 Governing a Corporation 1-5 An Overview of Financial Markets 1-6 Types of Claims on Future Cash Flows: Financial Instruments, Financial Assets, and Financial Sec 1-7...

Real Estate Vocabulary (Guide to Passing the PSI Real Estate Exam) 340+ Terms & Certified Solutions / 2025. acceleration clause A provision in a written mortgage, note, bond, or conditional sales contract that in the even of default, the whole amount of the principal and the interest may be declared due and payable at once. accession Title to improvements or additions to real property is acquired as a result of the accretion of alluvial deposits along the banks of streams or as a result of the...

Dave Ramsey Foundations in Personal Finance - Chapter 9 Video Terms Rated A+ While paying insurance premiums may feel like you're losing money, in the end it really helps you ___ more of it. get When the consumer is _____ with ___________, the consumer makes different decisions. armed, information The purpose of insurance is to ________ risk. transfer Without proper insurance, certain losses can ________ you. bankrupt Insurance puts an ________ over your life, the hard work...

Replacement Cost Pricing exam questions with 100% correct answers(graded A+).

SC Property, Casualty, Surety, Marine Exam Revised Questions And Correct Answers Accumulated Depreciation - ANSWER : The total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWER : The deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWER : A valua...

Test Bank for Fundamentals of Financial Management 16e 16th Edition by Eugene F. Brigham, Joel F. Houston. ISBN-13: 7574 Full Chapters test bank included Part 1: Introduction to Financial Management Chapter 1: An Overview of Financial Management Putting Things in Perspective 1-1: What is Finance? 1-2: Jobs in Finance 1-3: Forms of Business Organization 1-4: The Main Financial Goal: Creating Value for Investors 1-5: Stockholder–Manager Conflicts 1-6: Stockholder–Debtholder Confl...

Accumulated Depreciation - ANSWERSThe total decrease in an item's value over a period of time. Formula:(Annual Depreciation x Number ofyears used) 1-J Acreage Reporting Date - ANSWERSThe deadline for providing the insurer with an acreage report, which is used to determine the amount of coverage needed and the premium charged for a particular crop. 3-E Actual Cash Value (ACV) - ANSWERSA valuation method used by insurers to reflect an item's current market value right before being damaged ...