n the context of home insurance coverage, it is correct to say that: * If damage from a fire or other event prevents the use of our home, the personal property coverage pays the cost of living in a temporary location while our home is being repaired. The main component of homeowner's insurance is protection against financial loss due to damage or destruction to a house or other structures. The additional living expenses coverage is related to the coverage of our household belongings, such as furnitire, appliances, and clothing. None of the other asnwers is correct

Q: Renter's insurance would include coverage for: O A) earthquake damage. OB) flood damage. C) personal…

A: Renter's insurance is a financial safeguard designed for individuals who rent homes or apartments.…

Q: Under the liability portion of a personal Auto policy, all of the following people are considered…

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Q: Homeowners insurance provides coverage for:   Damages that the insured becomes legally obligated…

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Q: A __________ __________ is a part of a fire insurance policy that requires the policyholder to…

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A: Please find the answer to the above question below:

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Q: What type of property insurance would cover injury to a repairperson on your property?  A.…

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Q: Under what circumstances would you consider buying or renting a house?

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Q: A couple applied for a loan to finance the purchase of a new home. What federal act was created to…

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Q: All of the following are covered under "Coverage D: Loss of Use" of the Homeowners 3 policy EXCEPT O…

A: The benefits of coverage D is which results in to cover these additional costs of  living expenses…

Q: The standard homeowners policy contains both property and liability coverages.    True or False

A: The standard homeowners policy can be defined as the contract between insurer and the insured where,…

Q: office building. Their insurance advisor has suggested that they consider coverage under the Legal…

A: legal liability coverage forms are that forms that provide coverage for sums the ensured is obliged…

Q: aim settlement, the

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Q: All of the following are true of the HO-3 Special Form, EXCEPT:     The HO-3 meets the property and…

A: The most prevalent type of homeowners insurance coverage offered today is a HO-3 policy, which…

Q: what factors influence home affor whether the purchase of a home i For each, provides details as to…

A: Housing affordability is influenced by more than one factor. For buyers and sellers, understanding…

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Q: Give typing answer with explanation and conclusion  Property insurance protects you from financial…

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Q: Supplemental coverage for homeowner's insurance is available through endorsements. Which one…

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Q: Property insurance will not cover damage to your home caused by a hail storm.

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Q: Your best friend's apartment has just been robbed, and he had no insurance. What would you…

A: Your best friend's apartment has just been robbed, and he had no insurance. i would suggest him to :…

Property Insurance

Property insurance protects property from unforeseeable loss or damage and covers property owners' liability. Property insurance provides financial compensation to the property owner or renter in the event of damage or theft, as well as to someone other than the owner or renter if that person is injured on the property. Property insurance covers all risks of damage caused by theft, fire, flood, cyclones, lighting, and natural calamities, among other things. The primary goal of property insurance is to require the property owner to cover the loss. A monthly premium is paid to the insurance company, and in exchange, the insurance company pays for damage based on the agreement stated in the policy. Property insurance protects assets such as a vehicle, auto, car, rental home, house, and valuable property.