Jeremy miles - Study guides, Class notes & Summaries

Severability - ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - ANSWER One wherein economic loss would be suffered from an adverse happening to the subject. Liberalization - ANSWER States that if the insurer adopts a revision which would broaden cove...

Florida Claims Adjuster Exam – 3 Questions and Answers 100% correct This optional provision states that if the insured becomes totally disabled, premiums are waived but the coverage remains in force: A. Waiver of Subrogation B. Waiver of Premium C. Waiver of Value D. None of the Above B. Waiver of Premium "premiums are waived" Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insuran...

Aceable Agent Exam Questions with 100% Correct Answers C. client - answerA real estate agent works exclusively with buyers. They have chosen a specialization that focuses on the: A. geographical area B. commission split C. client D. property type C. sales prices are more negotiable for buyers - answerWhich of the following describes a buyers market? A. It's likely a seller can easily sell a home for more than the listing price B. Sellers are less likely to have to pay for closing cos...

Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is made by the insurer and it is up to the additional interests on working out ...

Real Estate Practice Exam 2 Aceable Agent 2023/2024 Which of these is a red flag for predatory lending? - ANSWER-There are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy? - ANSWER-Because of his vicarious liability Percy may be held liable for the agents actions. The government seizes Farsch's property to expand a highway. What is this an example of? ...

Florida Claims Adjuster Exam 3 | 207 Questions with 100% Correct Answers best solutions 2023/2024/2025 Severability - ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - ANSWER One wherein economic loss would be suffered from an adverse happening t...

Florida Claims Adjuster Exam 2 | 206 Questions with 100% Correct Answers already passed 2023/2024/2025 Severability - CORRECT ANSWER Insurance applies separately to each insured as if other insureds did not exist. Abandonment - CORRECT ANSWER Property insurance policies usually contain a(n) __________ clause, *stating the insured cannot dump damaged property on the insurer and demand its full value.* Insurable Interest - CORRECT ANSWER One wherein economic loss would be suffered f...

Real Estate Practice Exam 2 AceableAgent Questios with 100% Correct Answers Which of these is a red flag for predatory lending? - answerThere are unexpected, undisclosed lender fees that appear at closing. Percy is a broker who oversees three agents. If one of the agents violates the law, which of the following is TRUE of Percy? - answerBecause of his vicarious liability Percy may be held liable for the agents actions. The government seizes Farsch's property to expand a highway. What is ...

Florida Claims Adjuster Exam Questions and Answers Graded A Frank owned a home that was destroyed by a hurricane. Both ABC and XYZ Banks were listed as additional interests on his homeowner policy. The insurance company will make a payment to: A. The first mortgagee, ABC B. The Insured C. Jointly to ABC and XYZ D. All listed interests - Answer- D. All listed interests Remember that the insurer is not responsible to know the degrees of interest. In the event of a loss, one payment is ma...

Aceable Agent Exam Questions with 100% Correct Answers C. client - answerA real estate agent works exclusively with buyers. They have chosen a specialization that focuses on the: A. geographical area B. commission split C. client D. property type C. sales prices are more negotiable for buyers - answerWhich of the following describes a buyers market? A. It's likely a seller can easily sell a home for more than the listing price B. Sellers are less likely to have to pay for closing cos...