Types of Properties
a freestanding home set alone on its own piece of property. It does not share a wall with another building.
Single Family Home
When renovating or building a new rental property, this covers the dwelling before it's occupied.
Rental property under construction coverage
DOUBLE POINTS!!
Invites natural light and fresh air into the space.
Window
The scope of protection provided under an insurance contract.
Coverage
The ____ is composed of the foundation, frame, and the roof.
Structure
as a building that is jointly owned by a corporation made up of all its inhabitants.
Co-Operative Housing (Co-Ops)
helps landlords cover the additional cost of repairing your home up to code if it's damaged by a covered peril.
Building code coverage
DOUBLE POINTS!!
is the first room you enter when walking through a front door, usually a smaller space or hallway
Foyer
DOUBLE POINTS!!
All tangible property (other than land) that is either temporary or movable in some way, such as furniture, jewelry, electronics, etc.
Personal Property
Covers the exterior wall of your house
Siding
Buildings made up of individual units that are owned.
Condominiums
After returning from work you discover your apartment is burgled and your precious belongings gone. Which coverage fits best for this situation?
Burglary coverage
DOUBLE POINTS!!
It’s a space (commonly) on an upper floor with railings and it’s open to the outdoors.
are not commonly used as a place for entertaining guests as it’s commonly connected to a bedroom.
Balcony
A trampoline is an example of ____ _____ that could entice children and put their safely in danger.
Attractive nuisance
The vertical board right behind your gutters.
Fascia
DOUBLE POINTS!!
60 – 400 square feet in size. Since becoming popular, they come in a wide range of styles. Many are prefabricated with custom interior and exterior features and benefits that can make it livable.
Tiny Home
Helps pay the rental income a landlord would otherwise lose if the rental became uninhabitable due to a covered loss and your tenants have to move out.
Fair rental income coverage
DOUBLE POINTS!!
Commonly used as space for entertainment; a place to relax outdoors during the summer.
Porch
A decrease in the value of property over a period of time resulting from use...
Depreciation
DOUBLE POINTS!!
HVAC is...
Heating, ventilation, and air conditioning
DOUBLE POINTS!!
A single-family dwelling that shares one common wall. The home design is typically a mirror of each dwelling.
Semi-Detached Home (A.K.A. Duplex)
Can help pay for reasonable and necessary medical expenses if someone is injured in an accident on your rental property.
Premises medical protection
DOUBLE POINTS!!
A gallery, platform, or balcony, usually roofed and often partly enclosed, extending along the outside of a building;
they often wrap around the front and multiple sides of the building and are accessible from many rooms throughout the house
Veranda
Reimburses for motel rooms, meals and other expenses when loss of property by a covered peril forces you to maintain temporary residence elsewhere.
Additional Living Expense
DOUBLE POINTS!!
_____ ________ consists of two systems:
1. Water supply system - system of pipes that brings freshwater INTO the home
2. Drain-water vent system (DWV) – system that TAKES OUT waste water (from bathrooms, toilets, kitchen sinks, washing machines
House Plumbing