Builders risk insurance - Study guides, Class notes & Summaries

C12 - Insurance on Property – Midterm Exam Questions With 100% Verified Answers Defining Property Insurance - answer-Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property - answerR: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is based on - answer-Insured prom...

NASCLA AND GENERAL CONTRACTOR A EXAM, 170 QUESTIONS WITH 100% CORRECT ANSWERS 2024, WITH COMPLETE SOLUTION. In built up roofs, cant strips shall extend how many inches up the vertical surface? 5" Air entertainment should always be specified for concrete exposed to what? Freezing and thawing In a post tensioning environment, when a two-stroke pull is required, the final pull should be pre-calculated to use no more than what percentage of the full stroke of the jack on the final pull? 60%...

____ and _____ are two essential parts to a business plan - 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool Select two standard components of a business plan - 1. Marking Strategy 2. Executive Strategy _____ is the biggest drawback of a sole proprietorship. - Unlimited Personal Liability If you are a sole proprietor and complete work under a name that is not your own, you would be required to file a _____ with local or state government. - Fictitio...

New Hampshire Property & Casualty Quiz Questions And Answers (Verified And Updated) What is true about controlled forms? - answerThese forms are usually issued according to published rules and rates When will an insurance company pay damages on behalf of an insured under a CGL policy? - answerwhen the company determines that the insured is legally liable A loss reserving method that establishes aggregate reserves for all claims for a single type of insurance is known as - answerLoss rati...

New Hampshire Property & Casualty Quiz Questions And Answers (Verified And Updated) What is true about controlled forms? - answerThese forms are usually issued according to published rules and rates When will an insurance company pay damages on behalf of an insured under a CGL policy? - answerwhen the company determines that the insured is legally liable A loss reserving method that establishes aggregate reserves for all claims for a single type of insurance is known as - answerLoss rati...

Loan Document 3. Investor Document 4. Benchmarking Tool 2. Select two standard components of a business plan: answer- 1. Marking Strategy 2. Executive Strategy 3. is the biggest drawback of a sole proprietorship.: answer- Unlimited Personal Liability 4. If you are a sole proprietor and complete work under a name that is not your NASCLA Test 1 Exam Questions and Answers | Latest Update 2024/2025 | Graded A+ 2 / 8 own, you would be required to file a with local or state government.: - ...

NASCLA Contractors Guide Virginia Question and answers correctly solved 2024 Why is managing risk important? - correct answer important to your reputation and bottom line -Lower business and liability insurance premiums -Reduce chances of being sued -Improve chances of prevailing in a lawsuit What should supplement your risk management program? - correct answer Insurance. It provides protection against unforeseen events and is sometimes required by law What does property insurance...

The main difference between an HO-4 and HO-6 is? A: HO-6 does not cover additional living expenses B: HO-4 provides limited dwelling coverage as well as contents coverage C: HO-6 provides limited dwelling coverage as well as contents coverage D: HO-4 does not cover additional living expenses correct answer: C The most the insurer will pay for a loss under a business policy is? A: The amount of the loss minus the deductible B: 80% of the loss C: 20% of the loss D: The limit of in...

COST APPROACH EXAM QUESTIONS WITH ANSWERS Three Economic Principles Substitution Contribution Balance Substitution Appraisal principle that states that when several similar or commensurate commodities, goods, or services are available, the one with the lowest price will attract the greatest demand and widest distribution *primary principle of cost and sales approach Contribution Relates to the concept that the value of a particular component is measures in terms of its contribut...

NASCLA Contractors Guide Exam Questions With Verified Answers When a business is purchased by a new owner, what happens in regards to the "EIN"? - answerA new EIN is required A clause that means that a subcontractor is bound by the same obligations as are required of the general contractor is called: - answerFlow-down clause What are the three key functions on a business plan? - answerPlanning Tool, Loan or Investor Document, Benchmarking tool A contractor's Business Plan does NOT inc...