Renters insurance - Study guides, Class notes & Summaries

RIBO Exam (Ch 1-4) Latest 2023 Graded A Insured A person or entity who purchases an insurance policy. 1st party Insurer The insurance company who issues an insurance policy. 2nd party Lessor a person or entity that grants a lease (bank) Lessee A person who purchases the lease Mortgagee A person or entity that provides a loan (bank) Mortgagor A person who borrows money Chinese Shippers -Around 2000 BCE -First group to demonstrate "risk mitigation" -They used to separate boats for each goo...

CAM TEST QUESTIONS WITH WITH COMPLETE SOLUTION LATEST UPDATE 2024 (GRADED) AIDA - answerAttention, Interest, Desire, Action VAC - answerVacancy, Concessions, Non Revenue, Bad Debt Renters Decision Matrix - answerLocation, housing cost, size, life circumstance Investment - answerThe use of funds to earn a profit Life cycle of Multifamily Real Estate - answerGrowth- Stability- Decline- Revitalization Vendor - answerA separate business entity offering a product or service (recurring basis) Co...

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

North Dakota Crop Insurance Exam Questions and Answers Rated A+ Actual Cash Value The cost to replace an item of property at the time of loss, less an allowance for depreciation. Is a temporary insurance contract that provides proof of coverage until permanent police is in place. In the crop-hail field, the application serves as a binder. When properly completed, dated, signed and accompanied by the premium or a promissory note, the application serves as a binder. Binder Replace...

Wise test Exam Questions With 100% Correct Answers 2024/2025 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 $71,000 Net Worth = Assets - Liabilities When considering purchasing renters insurance. a person should know that the purpose is to cover monetary losses related to fire, theft, and personal injury (The purpose of all insurance is to cover monetary losses. Renters insurance protects against all...

Texas-Principles of Real Estate=1 Exam Practice Questions and Answers Verified 2023 - Champions School of Real Estate Texas - Principles 1 Exam Practice Questions and Answers Verified 2023 - Champions School of RealEstate Texas Principles 1 Exam Practice Questions - Champions School of Real Estate 1. a: Townhomes and single-family homes differ in that a common wall. (a) townhomes share (b) single-family homes are sold as distinct living units within (c) owners of townhomes do not o...

Rhode Island Casualty Property Exam Questions and Answers 100% Pass Powers and Duties of the Commissioner Broad powers, examination of records, notice and hearing, penalties. Minimum Limits of financial responsibility 25/50/25 or $75,000 combined single limit Unfair Claim Practice Failing to respond within 30 days Free Choice of Repair Shop Insurer may not interfere OEM parts May not be used without written consent Risk uncertainty concerning the occurrence of a loss Fores...

Back-end ratio Correct Answer The back-end ratio (or debt-to-income ratio) compares total debt to gross monthly income. The client's only debt is a $435 lease payment, so the $950 mortgage payment brings his total monthly debt to $1,385. He earns $50,000 per year, which equals $4,166.67 per month. The client's total current expenses divided by gross monthly income equals 52%. The client's combined current housing payment and car payment divided by gross monthly income equals 24%. Calculation...

Wise test questions & answers 2024 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 monetary losses. Renters insurance protects against all things ...

Dave Ramsey Foundations in Personal Finance - Chapter 9 Video Terms Rated A+ While paying insurance premiums may feel like you're losing money, in the end it really helps you ___ more of it. get When the consumer is _____ with ___________, the consumer makes different decisions. armed, information The purpose of insurance is to ________ risk. transfer Without proper insurance, certain losses can ________ you. bankrupt Insurance puts an ________ over your life, the hard work...