Builders risk insurance - Study guides, Class notes & Summaries

What is an eligible building for flood insurance?: A structure with 2 or more outside rigid walls and a fully secure roof, built on a permanent site, with 50% or more of the value above ground level and located within an eligible community What is Builders Risk Coverage?: Covers buildings in the course of completion. Proper coverage is 100% of expected completed value Do all Homeowners policies contain Coverage A?: No, HO-4 (Renters person- al property) What is casual labor in workers' compen...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bus...

In built up roofs, cant strips shall extend how many inches up the vertical surface? - 5" Air entertainment should always be specified for concrete exposed to what? - Freezing and thawing In a post tensioning environment, when a two-stroke pull is required, the final pull should be pre-calculated to use no more than what percentage of the full stroke of the jack on the final pull? - 60% Tack or spot welding can reduce the strength of a bar to what percent of its original capacity? - 35...

Michigan Surplus Lines Insurance Exam Prep questions and answers latest top score. (1)Surplus Lines premiums typically expand during: A) A soft Market B) A Hard Market - correct answers.A Hard Market. Surplus lines premiums typically expand during a hard market. (2) During the time of a hard market, insurers will: A) Tighten their underwriting standards B) Loosen their underwriting standards - correct answers.A) Tighten their underwriting standards. Tighten and ra...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

AINS103 Practice Questions, AINS 103 Exam Questions and Answers In property insurance, the term "Property in Transit" refers to which one of the following? - Answer-Property while being transported by trucks, cars, buses, trains, airplanes, and ships. Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - Answer-Cost to rent temporary...

NASCLA Test 1 Questions and Answers Already Passed ____ and _____ are two essential parts to a business plan 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool Select two standard components of a business plan 1. Marking Strategy 2. Executive Strategy _____ is the biggest drawback of a sole proprietorship. Unlimited Personal Liability If you are a sole proprietor and complete work under a name that is not your own, you would be required to fil...

C12 - Insurance on Property – Midterm Latest Update Graded A+ Defining Property Insurance -Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property R: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is based on -Insured promise to pay a premium -Insurers p...

In a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use - correct answer Professional liability In a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection again...

AINS 23 Exam Questions with 100% Correct Answers Updated Types of Coverage classified as marine - Answer- 1) Imports and Exports 2) Domestic Shipments 3) Bridges, tunnels, and instrumentality of communication like piers, wharves, docks, pipelines, power lines and loading equipment 4) Types of property owned by individuals such as: furs, jewelry, coins and stamps 5) Various types of property pertaining to a business, profession or occupation Filed Classes of Business - Answer- Must h...

29 CFR 1904 - recording and reporting injuries 29 CFR 1910 - occupation safety health standards 29 CFR 1926 - safety and health regulations for the construction industry accelerated depreciation method - the asset is depreciated at a higher rate during the early part of its useful life permitting larger tax deductions account - register of value Accounting Process for Materials - purchase orders help track material inventories and related expenses in the accounting system. invoices should...