when determining the value of a building for insurance purposes which of these is not a

Explain the differences between actual cash value (ACV) and replacement cost for homeowner’s insurance?

. A __________  __________ is a part of a fire insurance policy that requires the policyholder to purchase coverage at least equal to a specified percentage of the replacement cost of the property to obtain full reimbursement for losses.

A land development company that wants to protect itself against bodily injury liability claims resulting from accidents that might occur on its vacant land should purchase which of the following types of insurance? Comprehensive personal liability Commercial general liability Personal Injury liability Contractual liability

Which of the following is recorded as a cost when purchasing an existing building? A. cost to renovate the building before it is in use B. fencing O C. land where the building is located O D. parking lot around the building

A life insurance policy is a financial asset, with the premiums paid representing the investment’scost.a. How would you calculate the expected return on a 1-year life insurance policy?b. Suppose the owner of a life insurance policy has no other financial assets—the person’sonly other asset is “human capital,” or earnings capacity. What is the correlation coefficientbetween the return on the insurance policy and the return on the human capital?c. Life insurance companies must pay administrative costs and sales representatives’commissions; hence, the expected rate of return on insurance premiums is generallylow or even negative. Use portfolio concepts to explain why people buy life insurancein spite of low expected returns.

26 Which of the following is not a characteristics of an investment property?     a. land and/or building b. held to earn rentals or for capital appreciation c. held by an owner or a lessee under finance lease d. always accounted for using the fair value model

what are the advantages of high deductible on home insurance

In respect to Loss Conditions in the Commercial Property Coverage Forms, after a loss has been paid, if the property is recovered. What option does the Named Insured have? O a. Named Insured has an option to take the property and return the loss payment. b. No options, the loss has been paid. c. The Insurance company can keep the property if the Named Insured does not want it. d. The Named Insured can take the property back and not pay back the loss payment.

How do deposit method criteria affect real estate sales recognition? a) Based on payment schedule b) When title transfers c) Initial investment adequacy d) Property delivery date. Need answer of this Accounting MCQ. Find out