when determining the value of a building for insurance purposes which of these is not aconsideration? A. The Economy B. Physical Condition C. Average Vaule of homes onthe same block D. Sqaure Footage

Insurance is a financial arrangement where individuals or entities pay premiums to an insurer in…

Answered: when determining the value of a…

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter7: Deductions And Losses: Certain Business Expenses And Losses

Section: Chapter Questions

Problem 11DQ

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Similar questions

Which of the following statements is correct about perils in property insurance policies? An (HO-2) form provides coverage for more perils than a (HO-3) Form. a Peril is defined as the cause of a loss A peril increases the chance of a loss a property insurance policy must contain a list of all cover perils
Risk and premiums for homeowners policies look at all of the following, EXCEPT: a) The results of the title search b) The property being insured c) The person buying the policy d) The type and amount of coverage
pls help
What type of property insurance would cover injury to a repairperson on your property? A. Additional living expenses coverage B. Damage to home or property insurance cover C. Personal liability coverage
Which type of risk attitude is exhibited by a property owner who decides to buy property insurance with a higher deductible in order to lower premium costs? a. risk obsessed b. risk seeking c. risk avoiding d. risk optimizing. Need typed answer only.Please give answer within 45 minutes
. 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.
Executory costs include Select one: a. insurance. b. property taxes. c. maintenance. d. all of these
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
Which of the following is among the fees and costs included in the basis of real property? O a. Owner's title insurance O b. Loan assumption fees c. Casualty insurance premiums O d. Rent for occupancy of the property prior to closing
One purpose of casualty policy’s condition section is to list the property that is to be covered list the perils that are to be insured against provide for extension of coverage specify the insured responsibilities in the event of loss
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

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