500 auto expense 1 - Study guides, Class notes & Summaries

State Farm License - Homeowner and Auto policies Exam Questions With 100% Correct Answers What are the parts and sections in HP policy? Section I: Property Coverages Coverage A - Dwelling Coverage B - Other structures Coverage C - Personal Property Coverage D - Loss of Use Deductible: at least $250 Section II: Liability Coverages Coverage E - Personal Liability Coverage F - Medical Payment to Others No Deductible name insured person named on the Dec page and their spouse, if a res...

Chapter 9 Business Income, Deductions, and Accounting Methods SOLUTIONS MANUAL Discussion Questions 1. [LO 1] What is an “ordinary and necessary” business expenditure? “Ordinary” and “necessary” imply that an expense must be customary and helpful, respectively. Because these terms are subjective, the tests are ambiguous. However, ordinary is interpreted by the courts as including expenses which may be unusual for a specific taxpayer (but not for that type of business) an...

PA Appraisal License 16-20 Auto Physical Damage Questions and Answers 2023 In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: Medical Information The device that synchronizes the spark plug firing sequence is: Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with fro...

Florida General Lines Agent Exam questions and answers 2023/2024 solved 100% correct Answers are highlighted in red What is the definition of a risk that is insurable? a.Risk is defined as a chance or the possibility of financial loss; only pure risks are insurable as there is no possibility of a gain b.A chance of a loss or gain c.A risk where there is a possibility of a gain d.A chance for insurance coverage Answer a What is an insurance policy? a.A binder that offers initial in...

the members of a limited liability company are insureds under a businessowners policy (BOP) if The limited liability company is designated as the named insured. An endorsement added to a businessowners policy that provides coverage for direct damage caused by utility service disruption stemming from a covered peril is called Utility Services - Direct Damage. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:02 / 0:15 Full screen Which of t...

State Farm License - Homeowner and Auto policies Exam Questions With 100% Correct Answers What are the parts and sections in HP policy? Section I: Property Coverages Coverage A - Dwelling Coverage B - Other structures Coverage C - Personal Property Coverage D - Loss of Use Deductible: at least $250 Section II: Liability Coverages Coverage E - Personal Liability Coverage F - Medical Payment to Others No Deductible name insured person named on the Dec page and their spouse, if a res...

PSI Practice Questions Property Casualty Exam Questions and Answers 100% Correct An insured operates a auto repair shop and has a garage coverage form with garagekeepers insurance when an employee on a test drive with a customer's car is involved in a crash. How will the customer's car be covered by the insured's policy? - Correct Answer ️️ -The customer's car is covered for any physical damage while in the custody of the insured. Liability arising out of any of the following is e...

In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - Medical Information The device that synchronizes the spark plug firing sequence is: - Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: - Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with front-end damage, where should fixtures be placed? - Fixtures should be placed in the da...

In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: Medical Information The device that synchronizes the spark plug firing sequence is: Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with front-end damage, where should fixtures be placed? Fixtures should be placed i...

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...