Renters insurance - Study guides, Class notes & Summaries

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

Mary lives in a townhouse unit that she rents. A fire in the unit next door also damages Mary's unit. The damage is significant and Mary will have to move out while it is being repaired. Which tenants policy section will cover the cost of providing her with a temporary place to live? Select one: a. Property contents b. Additional living expenses c. Accident benefits d. Liability insurance - Answer-b. Additional living expenses. Similar to homeowners' insurance, a tenants policy carries...

Principles of Real Estate 1- Champions Quiz Latest Update Graded A+ Contracts with a person who lacks mental capacity can be either void or voidable Community property is a concept of Spanish law, and marriage is regarded as a partnership. Intermediary Without Appointments. an agent will have the opportunity to sell their own listing. Oil and gas companies employ a large number of individuals with a real estate background. The NFIP offers flood insurance The NFIP offers flo...

Iowa Property Insurance Test Question and answers correctly solved 2024 Iowa Property Insurance Test Insurable interest must exist A. At all times B. At the time of the loss C. At the time the policy is instated - correct answer B T/F DP Broad & Special Form include coverage for collapse. - correct answer True Open Perils dwelling coverage and named perils personal property coverage is under what HO policy - correct answer HO3 What HO Policies cover only named perils - cor...

INSURANCE REVIEW FOR WISE LATEST UPDATE GRADED A+ What does the term “deductible” signify in an insurance policy? The amount you must pay before the insurer starts covering your claim. Who qualifies as a “beneficiary” in the context of an insurance plan or will? The person designated to receive benefits or payouts from the policy or estate. How is “cash value” defined in a whole life insurance policy? The amount payable to a policyholder if they choose to cancel their ...

PITI CORRECT ANSWER sum of principal, interest, taxes, and insurance Conventional Loans CORRECT ANSWER Loans that are neither insured nor guaranteed by the federal government Buyer Representation Agreement CORRECT ANSWER This agreement "lists" the buyer as your client Prospecting CORRECT ANSWER Searching for buyers using your techniques such as marketing and farming There are 3 ways you add value to the buying process... CORRECT ANSWER 1. Counseling 2. Negotiation 3. Managing the...

Casualty Insurance Latest Update with Verified Solutions Premiums Periodic payments paid to insurance companies from insureds Pure Risk Possibility of suffering harm or loss (Insurance companies assume pure risk) Speculative Risk When financial gain is possible (Gambling - Not insurable) Frequncy How often losses occur Severity How costly the losses are Pooling An insurer coveres risk of losses by pooling together premiums from a larger group of policy holders Law of Lar...

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 Prioritize "needs over "wants" -reduce or eliminate "wants" -cancel or downgrade services(e.g. cable, telephone) -limit miscellaneous spending - stick to a shopping list - pay off a loan or credi...

Esthetics Practical Exam NYS Questions and Answers Rated A+ An appearance enhancement business licensee shall file and maintain during the term of the license evidence of a/an Bond or Liability Insurance Any person ___ years of age or older may apply to the secretary for a license to practice cosmetology, nails, or esthetics. 17 Any person ___ years of age or older may apply to the secretary for a business license. 18 Your temporary operator's license shall expire ___ months from issuance. ...

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...