Property damage - Study guides, Class notes & Summaries

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

PA Property & Casualty License Practice Exam Questions and Answers Already Passed An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. an Earth movement exclusion An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of the fact that the individual did not maintain the property. Neglect exclusion ...

CPCU 551 Exam Questions Compilation A building had been vacant for 60 days, and the insurer didn't know about it, when it sustained 100K, 5K, and 1K losses due to windstorm, theft, and sprinkler leakage, respectively. What amount is covered under CPP? - 85K, 0, and 0. If a building is vacant for 60 or more consecutive days before the loss, they won't pay for any loss caused by vandalism, sprinkler leakage, building glass breakage, water damage, theft, or attempted theft... otherwise you...

IICRC WRT 2024 / 2025 Test Questions and Verified Answers | 100% Correct | Grade A (Latest Update) Q: When pre-existing damage is discovered, restorer should Answer: D. document and bring it to the attention of materially interested parties Q: Rapid drying of structural materials is achieved by Answer: A. promoting evaporation and dehumidification or ventilation Q: When carpet and cushion (pad, underlay) are saturated with Category 3 water Answer: B. Both should be removed for proper disposal Q:...

CPCU 500,Becoming a Leader in Risk Management and Insurance Exam Prep | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update) Q: Loss Exposure Answer: Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs 3 Elements of a Loss Exposure: -An asset exposed to loss -Cause of loss (peril) -Financial consequences of that loss Q: Types of Loss Exposures Answer: Property Loss Liability Loss Personnel Loss Net...

FLORIDA TERMITE EXAM 2024 WITH COMPLETE SOLUTIONS What must you have signed by the customer before entering into a contract on a property that is currently under an active wdo warranty? Form 13671 (consumer consent form) The eastern sub termite belongs to what family? Rhinotermitidae Drywood and dampwood termites belong to the family? Kalotemritidae according to the revised taxonomy of termites, these insects belong in the order ____ along with cockroaches Blattodae the Old H...

BEFO Final Exam June 2024 with 100% Correct Answers Which of the following contributes to the type of respiratory diseases for which firfighters are at risk? A. Heat Stress B. Psychological Stress C. Exposure to smoke and chemicals D. Exposure to long, irregular work hours -Answer-C. Exposure to smoke and chemicals The concept of risk management is based on an assessment of benefits gained compared to the ___: A. Risk involved B. Safety-first mindset C. Loss of life expected D. Risk...

NYPD 2nd Trimester Exam Review | Questions and Verified Answers (2023/ 2024 Update) Q: custodial interference (F) Answer: a person removes such person from the state with intent to remove them permanently Q: endangering the welfare of an incompetent or physically disabled person (M) Answer: recklessly engages in conduct which is likely to be injurious to the physical, mental or moral welfare of a person who is unable to care for him or herself. Q: endangering the wel...

LPL4801 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED ANSWERS - DISTINCTION GUARANTEED!) SECTION A LEASE QUESTION 1 Write notes on the establishment of the tenant’s real right. (10) QUESTION 2 Write notes on the duration of lease agreements that fall under the Consumer Protection Act 68 of 2008. (10) QUESTION 3 Michael rents a flat from Peter. Michael notices that the geyser in the flat is leaking and does not work properly. Michael has to have a cold shower ...

AINS 102 Questions With Correct Answers All of the following items are examples of personal property, EXCEPT: Select one: A. Sports equipment B. Silverware C. A fishing boat D. Underground pipes - ANS-Underground pipes Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property includes only tangible property.Correct. All real property is tangible property having a physical form that can be seen or touched. Personal property can includ...