Renters insurance - Study guides, Class notes & Summaries

HUD Housing Counseling Exam Questions and Answers (Graded A) HUD Housing Counseling Exam Questions and Answers (Graded A) HUD Housing Counseling Exam Questions and Answers (Graded A) Rental Obstacle + Solutions: Low Income - ANSWER--Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - ANSWER-Pr...

Wise Practice Test Questions With Revised Correct Answers > Updated & Passed < An individual, who earns $36,000 a year, has total assets of $156,000 and liabilities of $85,000. The net worth of this individual is - ANSWER : $71,000 Net Worth = Assets - Liabilities When considering purchasing renters insurance. a person should know that the - ANSWER : purpose is to cover monetary losses related to fire, theft, and personal injury (The purpose of all insurance is to cover mo...

Homeowners Policy - ANS Multi Line Policy that protects property owners from property and liability risks HO-2 - ANS (broad form): covers the dwelling, other structures, and personal property on a named perils basis HO-3 - ANS or special form, provides open peril coverage for loss to the dwelling and other structures (most common) HO-4 - ANS renters/tenants insurance HO-5 - ANS Comprehensive Form HO-6 - ANS condominium owner's insurance HO-8 - ANS older ...

The Standard Fire Policy -1st used in 1918 in NY -Provided homeowner & commercial property protection. -ACV valuation -Named peril policy -Only covered fire & lightening "165 Line" Policy The original Standard Fire Policy spent 165 lines explaining new insurance concepts that are still used today: -Concealment & misrepresentation -Property & perils excluded from coverage -Insurance cancellation due to an increase in hazards -Obligations to a mortgagee -Insured's duties in th...

NJ Property Producer Exam with Certified Solutions Dwelling Policy Only insures property DP-1 Basic Form DP-2 Broad Form DP-3 Special Form Dwelling Coverage A Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C Personal Property- Covers the insured's personal property and must be requested. If rental pr...

Deed Restrictions - Correct answer-Legally enforceable terms that govern the use of real estate Redlining - Correct answer-The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, national origin, religion, sex, disability, or familial status of the area's residents. Civil Rights Act of 1968 - Correct answer-Following the assassination of Dr. Martin Luther King Jr., Congress passed what monumental piece of ...

If you crashed your car into a house, which kind of insurance would you use: Homeowners Insurance Renters insurance disability insurance auto insurance - Answer - Auto Insurance Life Insurance is NOT used for: Burial Expenses Investing in the stock market providing for dependents - Answer - investing in the stock market Most insurance companies sell you insurance because: the government requires them to they are charitable institutions with a mission to reduce hardship they ge...

FMGT 1101 Midterm Test Questions and Answers Risk Shifting - Answer-Transferring risk by buying insurance to cover potential losses. Risk Avoidance - Answer-avoiding an act that would create a risk Property Insurance - Answer-Provides payment to the insured person if his or her property is damaged or destroyed by an accident covered by the insurance policy. personal liability insurance - Answer-protects the named insured and family members against legal liability arising out of their ...

Michigan P & C Insurance Exam Test. Questions and answers. 100% Verified. Rated A Termination of Insurance for auto and home must be sent to last know address no later than - 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - 10 days PIP in auto insurance covers individual care from a family member for - a limit of $20 a day for three years limited collision - shall pay for collision damage to the insured vehicle without a...

Nebraska Property and Casualty Test Complete Solutions What is the purpose of property insurance? The purpose of property insurance is to protect individuals and businesses from financial loss due to damage or theft of their physical assets. ️️ What types of property can be covered by property insurance? Property insurance can cover residential buildings, commercial properties, personal belongings, vehicles, and equipment. ️️ What is casualty insurance? Casualty insurance...