Builders risk insurance - Study guides, Class notes & Summaries

Claims Adjuster 6-20 Study Guide Exam Questions and Answers When a business s personal property values fluctuate, a single, fixed amount of insurance could produce either over- or under-insurance at any given time. With this option, the limit of coverage is set at an amount somewhat higher than expected peak values. A. Value Reporting B. Replacement Cost C. Agreed Value D. None of the Above - Answer-A. Value Reporting Liberalization states, "The insured gets the benefit of any broad...

NASCLA Test 1 Exam Questions and Answers | Latest Update 2024/2025 | Graded A+. and are two essential parts to a business plan: answer- 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool 2. Select two standard components of a business plan: answer- 1. Marking Strategy 2. Executive Strategy 3. is the biggest drawback of a sole proprietorship.: answer- Unlimited Personal Liability 4. If you are a sole proprietor and complete work under a name that is not your NA...

NASCLA Test 1 Exam Questions and Answers | Latest Update 2024/2025 | Graded A+. 1. and are two essential parts to a business plan: answer- 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool 2. Select two standard components of a business plan: answer- 1. Marking Strategy 2. Executive Strategy 3. is the biggest drawback of a sole proprietorship.: answer- Unlimited Personal Liability 4. If you are a sole proprietor and complete work under a name that is not your ...

COST APPROACH EXAM QUESTIONS WITH ANSWERS Three Economic Principles Substitution Contribution Balance Substitution Appraisal principle that states that when several similar or commensurate commodities, goods, or services are available, the one with the lowest price will attract the greatest demand and widest distribution *primary principle of cost and sales approach Contribution Relates to the concept that the value of a particular component is measures in terms of its contribut...

C12 - Insurance on Property – Midterm Exam Questions and Answers 100% Pass Defining Property Insurance - Correct Answer ️️ --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 - Correct Answer ️️ -R: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is b...

C12 - Insurance on Property – Midterm Exam Questions With 100% Verified Answers Defining Property Insurance - answer-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 - answerR: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is based on - answer-Insured prom...

CA Property & Casualty Exam Questions and Answers 100% Pass Contributory Plan - Correct Answer ️️ -Used in a group Insurance. Employee and employers share in the paying of premiums DP-1,DP-2, DP-3 All 3 dwelling forms cover? - Correct Answer ️️ -Loss of rental income Comparative Negligence - Correct Answer ️️ -You can file a claim, but damages are reduced based on that party's negligence. What has a single limit? - Correct Answer ️️ -Property Damage. Ordinance or law - ...

In a commercial general liability policy medical payment pay for medical expenses correct answers 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 answers Professional liability In PA, what is the minimum amount required for damages for liability to cover motor vehicles accidents? correct answers 15K, 30K, 5K Under an equipment breakdown coverage form, a breakdow...

In a commercial general liability policy medical payment pay for medical expenses correct answers 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 answers Professional liability In PA, what is the minimum amount required for damages for liability to cover motor vehicles accidents? correct answers a. 15K, 30K, 5K Under an equipment breakdown coverage form, a break...

When a business is purchased by a new owner, what happens in regards to the "EIN"? - A new EIN is required A clause that means that a subcontractor is bound by the same obligations as are required of the general contractor is called: - Flow-down clause What are the three key functions on a business plan? - Planning Tool, Loan or Investor Document, Benchmarking tool A contractor's Business Plan does NOT include? - Contract Documents Which business structure is considered the simple...