Cic homeowners - Study guides, Class notes & Summaries

CIC - Homeowners Study Guide 2024 Questions With 100% Correct Answers!!

CIC – Homeowners UPDATED Exam Questions and CORRECT Answers To protect a non-resident owner - Ans What is the Residence premises Endorsement used for (Additional insured)? Coverage A and B. Coverage E and F. - Ans What coverage is provided for Additional Insured? used to protect the person's insurable interest in the residence premises. - Ans What is the Residence Premises Endorsement used for (Additional Interests)?

CIC - Homeowners Study Guide 2024 Questions With 100% Correct Answers!!

CIC – Homeowners PASSED Exam Questions and CORRECT Answers HO2 Broad Form - Ans covers the dwelling, other structures, and personal property on a named perils basis HO3 Special Form - Ans dwelling and other structures on all risk basis. HO4 - Ans renters insurance

CIC Personal Lines - Residential Exam Questions And Answers Homeowners "Insured" - ANS - You - Residents who are: a) Relatives b) <21 and in your care -Full time student: a) <24 and relative b) <21 and in your care Coverage B - What's Covered? - ANS Other Structures - Things on residence premises not attached to building, or connected only by fence, wire, wall - Not for business use - Not rented,unless only as a garage Perils Not Insured by HO-3 for A and...

Tenants and landlords want to know market rental rates. An agent representing either a landlord or a tenant will estimate current market rental rates by performing - Answer-a competitive rental market analysis (CRMA). The maintenance, repairs, and improvements to the common elements are paid through - Answer-association fees. Are salespersons allowed to place signs and lockboxes on CIC properties? - Answer-It depends upon the homeowners association bylaws, rules, and regulations. In add...

CIC Personal Lines – Residential Questions With Correctly Solved Answers!!

CIC PERSONAL LINES - RESIDENTIAL ACTUAL EXAM SET Q&A Homeowners "Insured" - CORRECT AND ANSWER-- You - Residents who are: a) Relatives b) <21 and in your care -Full time student: a) <24 and relative b) <21 and in your care Coverage B - What's Covered? - CORRECT AND ANSWER-Other Structures - Things on residence premises not attached to building, or connected only by fence, wire, wall - Not for business use - Not rented,unless only as a garage Perils Not Insured by HO-3...

CIC PERSONAL LINES- RESIDENTIAL EXAM QUESTIONS AND ANSWERS Importance of Correct Valuation of Property and Compliance with insurance-to-value - Answer-Total Loss: If insurance is less than Replacement Value (R.V.), the insured doesn't have enough $ to replace property Partial Loss: If insurance amount is less than R.V. the policy has insurance-to-value provision that may result in penalty Over Insured: If amount of insurance more than R.V. the insured is paying unnecessary insurance ...

Homeowners "Insured" - CORRECT AND ANSWER-- You - Residents who are: a) Relatives b) <21 and in your care -Full time student: a) <24 and relative b) <21 and in your care Coverage B - What's Covered? - CORRECT AND ANSWER-Other Structures - Things on residence premises not attached to building, or connected only by fence, wire, wall - Not for business use - Not rented,unless only as a garage Perils Not Insured by HO-3 for A and B - CORRECT AND ANSWER-- Collapse - Freezing...