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!!
commonly used as space for entertainment; a place to relax outdoors during the summer.
Porch
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
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is the first room you enter when walking through a front door, usually a smaller space or hallway
Foyer
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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
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It’s a space (commonly) on an upper floor with railings and it’s open to the outdoors.
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
a system of pipes that brings freshwater into the home
Water Supply system
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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
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Invites natural light and fresh air into the space.
Window
A decrease in the value of property over a period of time resulting from use...
Depreciation
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HVAC is...
Heating, ventilation, and air conditioning
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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
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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
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system that takes out waste water (from bathrooms, toilets, kitchen sinks, washing machines
Drain-water vent system