Ains 102 exam Study guides, Class notes & Summaries

Which one of the following is considered real property? Select one: A. An automobile B. A house C. Furniture D. A motorhome ️ B The Davis family suffered extensive fire damage to its home and was temporarily unable to inhabit it. The family was forced to rent a hotel room while its home was under repair. The cost incurred to rent the hotel room is referred to as which one of the following outcomes of loss? Select one: A. Lost income B. Increased expenses C. Reduction in value of p...

AINS 102 EXAM (UNDERSTANDING PERSONAL INSURANCE EXAM) ACTUAL EXAM 300 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)

AINS 102 EXAM (UNDERSTANDING PERSONAL INSURANCE EXAM) ACTUAL EXAM 400+ QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS).

AINS 102 (Practice questions for AINS 102 exam) Latest Questions & Answers, 100% Correct!!

AINS 102 EXAM (UNDERSTANDING PERSONAL INSURANCE EXAM) ACTUAL EXAM 150 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS)

AINS Practice questions for AINS 102 Exam Questions and Answers Verified by Expert | Update 2024

Property loss exposure ️ A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) ️ Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal property ️ All tangible or intangible property that is not real ...

Patrick's car is 12 years-old and has been driven for over 100,000 miles. He has decided that instead of continuing to pay insurance premium for coverage for property damage to his car, he will put the money aside to save for a new car. Which one of the following risk management techniques is Patrick using? Select one: A. Diversification B. Retention C. Avoidance D. Loss reduction ️ B Which one of the following statements regarding assets exposed to loss is true? Select one: A. R...

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