The homeowner - Study guides, Class notes & Summaries

under an FP-7955 policy, deductibles apply to which of the following types of losses. - Answer- B. Fire department service charges in the FP-7955 policy, Coverage C consists of three coverages: 1. Additional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False? - Answer- B. False Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the following statements is true concerning her personal pro...

NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR - SERIES 17-70 || Complete Questions & Answers (100% Verified) NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR - SERIES 17-70 || Complete Questions & Answers (100% Verified) Which of the following would NOT be found in the conditions section of a homeowners insurance policy? Subrogation rights Duties of the insured Insurance premium Mortgagee clause - ANSWER - The insurance premium is not shown in the conditions section of th...

Real Estate U Final Exam 2-Answered correctly-latest 2023/2024 Real Estate U Final Exam 2-Answered correctly-latest 2023/2024 Which of the following are tax-deductible expenses resulting from home ownership? Mortgage interest and property taxes Which of the following is true regarding the $500,000 exemption, in the sale of a personal residence, for a married couple filing jointly? A married couple can use the $500,000 joint exemption if only one meets the ownership requirement, but...

ADB INSURANCE REAL EXAM QUESTIONS AND ANSWERS LATEST// GRADED A+ when coverage is provided under the additional coverages of section 2 of the homeowners policy payments are ADB INSURANCE REAL EXAM QUESTIONS AND ANSWERS LATEST// GRADED A+ when coverage is provided under the additional coverages of section 2 of the homeowners policy payments are

Maryland Home Improvement Test (Answered) With Complete Verified Solution 100% Define home improvement The addition, alteration, conversion, improvement, modernization, remodeling, repair or replacement of a building or part of a building that is used or was designed to be used as a residence or dwelling place or structure adjacent to that building or an improvement to land adjacent to that building Is a building of a swimming pool, deck, pier or porch included in Home Improvement? Yes Is...

A Home Improvement Contractor is a person who offers to... - perform repairs for a homeowner. What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? - $500 What is the MAXIMUM amount that a home improvement contactor may pay to a homeowner for referring a client to the contractor? - The contractor is NOT permitted to compensate the homeowner for referrals. An applicant was denied a license after a hearing. When may the applicant reapply? - 6 months. Wha...

Chapter 03 Financial Services: Finance Companies     
True / False Questions
  1. Finance companies differ from banks in that they do not accept deposits. 
TRUE   2. Finance companies have been among the slowest growing FI groups in recent years. 
FALSE   3. General Electric Capital Corporation (GECC) provides services to more than 15 million businesses and consumer is Asia alone. 
TRUE   4. In 2008, GE Capital Corporation accounted for approximately 50 percent...

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...

HVAC Gas Heat certification exam Questions and Answers 100% Pass A gas furnace is to be installed in a garage. The national standards require that the burners and ignition sources must be located ______ above the floor - Correct Answer ️️ -18 inches A good description of how a bi-metal fan switch operates the blower motor on a gas furnace is - Correct Answer ️️ -Temperature on- temperature off Redundant gas valves used on gas furnaces have - Correct Answer ️️ -Dual gas shut o...

What is the minimum licensing requirement to sell commercial real estate in New York? - ans a real estate salesperson's license What is the preferred method of creating an agency relationship? - ans expressed agency An amenity purchaser - ans occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. - ans real / deed A salesperson who is an independent contractor - ans is not subject to withholding requirem...