Property Certification Exam AD Banker Questions and Answers 100% Solved
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Course
Property
Institution
Property
Property Certification Exam AD Banker
Questions and Answers 100% Solved
For insurance purposes, an unfurnished beach house in which no one lives
is considered:
1.Empty
2.Vacant
3.Unused
4.Unoccupied - Vacant
Which peril is covered under the DP-1?
1.Freezing
2.Weight of ice, snow, or sleet...
Which term describes the cost to replace property with a deduction for
depreciation?
1.Fair market value
2.Actual cash value
3.Replacement cost
4.Stated value - ✔✔Actual cash value
What is another name for the Homeowners form HO-4?
1.Broad Form
2.Tenant's Form
3.Special Form
4.Modified Coverage Form - ✔✔Tenant's Form
Which Homeowners policy form is for dwelling owners who cannot insure
their older homes for replacement cost?
HO-8
HO-2
HO-3
НО-6 - ✔✔HO-8
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