personal finance

paul wants low everything but isnt a vet

FHA loan

landlord right to take action for nonpayment of rent or destruction of property

a lease

an individual who purchases an insurance policy is called

a policyholder

the most common risks are

all of these are common risks

homeowners insurance typically covers all of the following except

all of these are covered

home buyers should consider

all of these should be evaluated

homeowners insurance typically covers all of the following except

automobiles

samantha was driving on the highway during a storm and hail dented her car

comprehensive physical damage coverage

account used to pay property taxes and homeowners insurance

escrow

an advantage of renting is pride of ownership

false

rental insurance isn´t important since the landlords insurance on the buliding includes coverage

false

when interest rates are high and the demand for homes is low, prices of homes will likely be higher

false

diane had her house assembled

manufactured home

frank and diana need to do what before purchasing house

mortgage interest

the failure to take ordinary or reasonable care to prevent accidents from happening is called

negligence

100/300/50

policy provides maximum of 100,000 for each person who is injured and no more than 300,000 for total injuries

advantage of renting

renters have fewer responsibilities for maintenance than home owners

which of the following is not correct about the renters insurance

renters insurance covers the building and other structures on the site

if you choose to avoid the risk of a traffic accident by not driving to work you are using

risk avoidance

if you choose to wear your seat belt you are using

risk reduction

if you choose to insure your home or vehicle you are using

risk shifting

disadvantage of renting

tenants cannot take tax deductions for mortgage interest and property taxes

document that transfers ownership of property

the deed

homeowners insurance typically covers all of the following except

the full value of jewlery valued at 25,000 that was stolen from your home

lenny´s landlord can take legal action if she doesn´t pay or destruction of property

true

renters insurance protects tenant by covering damage or theft to clothing etc

true

your lifestyle affects your housing decision

true

per year renting cost

14,710

motor vehicle crashes cost around

870 billion

trenton can only provide 10 percent down payment

PMI