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!!
Since pets are considered ________, insurance companies regard pet owners to be responsible for their pet's actions.
property
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)
DOUBLE POINTS!!
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!!
Act of God is also...
Acts of Nature
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 is an open garage with a roof but open on various sides
Car port
A trampoline is an example of ____ _____ that could entice children and put their safely in danger.
Attractive nuisance
a system of pipes that brings freshwater into the home
Water Supply system
DOUBLE POINTS!!
A single-family dwelling that shares one common wall. The home design is typically a ____ of each dwelling.
mirror
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!!
Caused by frozen pipe, old age, rust, or corrosion eating away at pipes...
Burst pipe
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!!
Manufactured homes can be installed in both _____ and ______ locations
permanent & temporary
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!!
The Roof is the top covering of the house's physical structure and includes all the materials necessary to keep the house protected from ____ _____ ____.
outside weather conditions
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!!
system that takes out waste water (from bathrooms, toilets, kitchen sinks, washing machines
Drain-water vent system