Dp 500 - Study guides, Class notes & Summaries

Cheat Sheet - Property & Casualty Verified Solutions What are the forms of homeowner policies? ️HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 ️Broad form; owner occupant HO-3 ️Special Form; owner occupant HO-4 ️Tenants or Renters HO-5 ️Comprehensive Form; owner-occupant (open to all exce...

What are the forms of homeowner policies? - ANSWER-HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 - ANSWER-Broad form; owner occupant HO-3 - ANSWER-Special Form; owner occupant HO-4 - ANSWER-Tenants or Renters HO-5 - ANSWER-Comprehensive Form; owner-occupant (open to all except exclusions) HO-6 - ...

1. Which of the following is a key assumption of the supply and demand model? A) that the price and quantity sold are determined in a single market B) that the prices and quantities sold are simultaneously determined in all markets C) the way the whole economy achieves equilibrium D) that international markets affect domestic markets, which in turn affect local markets 2. A key assumption of the supply and demand model is that: A) each firm's good is unique and cannot be duplic...

DP - valuation - Answer DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - Answer 20% of A DP - coverages (A-E) - Answer A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - Answer DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - Answer DP-1 - 5 days DP-2 - 30 days DP - limit for trees/plants/shr...

DP - valuation - DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - 20% of A DP - coverages (A-E) - A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - DP-1 - 5 days DP-2 - 30 days DP - limit for trees/plants/shrubs - 5% of A $5...

ADJUSTER EXAM STUDY PREP LATEST EXAM QUESTIONS WITH COMPLETE SOLUTIONS ANSWERED CORRECTLY 100% GUARANTEED PASSED When mary leaves her stove on by accident, she starts a fire that destroys her kitchen and leaves smmoke damage throughout her home. While the fire department puts the fire out, the influx of water causes extensive damage as well. On top of all that, Mary is forced to board her three dogs at a kennel for several weeks while her house is under repair. The kennel charge would be co...

New York License Exam Questions With Verified And Updated Solutions. The most comprehensive coverage proficed by the Dwelling Property program is found in the - answerDP-3 Which type of Crop Insurance Policy insures fthe entire acreage rather than an individual crop - answerAdjusted Gross Income Mr. York had his pickup stolen while it was parked in a "no parking" zone outside his office. The value of the truck is $18,500. In addition, tools valued at $200, extra tires and hubcaps for th...

Types of Dwelling Properties - Correct Answer- 1. 1 to 4 family 2. Rented to Others 3. Owned by Corp. or Partnerships 4. Low Valued 5. Mobile Homes Standard Dwelling Property Deductible - Correct Answer- $500 Dwelling Property Coverage A - Correct Answer- Dwelling - Including permanently installed building equipment and outdoor equipment to service property. No land. Dwelling Property Coverage B - Correct Answer- Other Structures (Detached) Dwelling Property Coverage C - Correct Answer-...

What is a broad definition of data? Raw facts that are captured on printed or digital media What are data? Facts that are collected and stored in a database system What is a determining characteristic of unstructured data? It does not follow a data model. Which is true about flat files? They contain no internal hierarchical organization. Which technology has no internal hierarchy? Flat files How were data retrieved before database management systems? Sequ...

Property and Casualty EndorsementsAutomatic Increase in Insurance (Dwelling) - correct answer Provide annual increase in Coverage A & B in 4%, 6%, or 8% Dwelling Under Construction Endorsement (Dwelling) - correct answer Used when dwelling under construction - policy limit based on value of partially completed home, increases as home progresses Mobile Home (Dwelling) - correct answer Allows mobile home to be insured, must be on permanent foundation Broad Theft Coverage (Dwelling) - corr...