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fire insurance questions and answers

If you have any questions or issues regarding public sector COBRA we encourage you to email us at phig@cms.hhs.gov. Heating – there is far less risk with forced-air gas furnaces or electric heat than oil tanks. d. The hourly wages paid to employees. The Consumer Services Division answers your insurance questions and helps resolve disputes between insurers, agents, and policyholders. How Much Would Be Paid By The Insurance Company? The state of Ohio has an Advance Premium tax payment for foreign insurance companies and domestic companies that pay Fire Marshal tax. There ARE private fire fighting companies (like HOA security guards) who are layered on top of public agencies. ... At the most basic level, any agent or company representative should be able to answer all of your questions about insurance, provide you a thorough assessment of your insurance … A majority will never have a even a small kitchen fire but, like commercial insurance we want to know that if we have fire, someone will help us. Here the policyholder pays an annual premium. Here are some answers. Correct answers: 2 question: Goods costing Rs. Home / Agency Staff, Hiring, Interviewing / 10 Sure-fire Interview Questions For Insurance Agency Hires 10 Sure-fire Interview Questions For Insurance Agency Hires In a recent article, what not to ask in an interview, I explained how close ended questions should never be used in an interview and you need to have an game plan in place prior to scheduling possible candidates for hire. Motor insurance, Fire/House owners/Householders insurance, Personal accident insurance, Medical and health insurance, Travel insurance are the main products of general insurance. Mar 10, 2016 10 minute read. Car insurance, while one of the most common types of coverage can also be the most complex. Workers' Compensation: Questions and Answers; ... Much like personal auto or fire insurance claims, workers' compensation claims are handled by an adjuster from the insurance company and the company pays out any benefits. 1000 damaged by fire and insurance company accepted claim of 800 and cheque is received from the insurance company. Read our tips from top interview experts and be more prepared at your interview than anyone else. if there is not a fire at my house this year, the insurance company has made a $1000 profit. A. Create. So the protection is against any damage that the fire causes. She borrows $75,000 from First City Bank that, along with her $25,000 down payment, equals the $100,000 purchase price of the home. Group Of Answer Choices $210,000 $280,000 $224,000 $56,000 Here's the short answer: ... We have a dedicated team of life insurance experts who've already answered the 20 questions about that coverage you're too embarrassed to ask right here. The invoice for these charges will be available on September 1 of each year on the Ohio Department of Insurance secured online premium tax site. ANSWER: b) Personal accident insurance Whole life, Endowment, Term, Investment-linked, Life annuity plan, Medical and health are the main products of life insurance. The home and property it's on can't be sold due to a medical debt. A fire insurance is a contract between the policyholder and the insurer. Seems like insurance is … Proximity to a water source such as a fire hydrant or fire station. due to the high fire risk. Paper on fire insurance claims has a total of 10 questions in the paper and out of that you have to answer only 8. LaTonya purchases a house from John. However, each question doesn’t carry equal marks; question number one contains 16 marks and the remaining questions are all of 12 marks. A company is considering two insurance plans with coverage and premiums as shown below: It needs at least $450,000 fire and theft insurance and at least $6,000,000 liability coverage. Updates March 5, 2020 Information Related to COVID–19 Individual and Small Group Market Insurance Coverage A Sample Of 6 Recent Fires In Some Suburb Of A Major City Is Selected. From obvious questions such as ‘why do you want to work for us?’ to weird and wacky ones like ‘if you were an animal what would you be?’, you’ll have a head start with the best answers. The annual costs of a business's fire insurance policy. We are staying at a hotel for now and today my landlord went to the house, tore through the premises, went through our personal belongings and padlocked us out so we couldt have access to any of our undamaged belongings. Ask a question. Comcast Suffered A $280,000 Fire Loss. Fire insurance is a type of insurance coverage that is typically included in your homeowners insurance policy and covers the costs of damages to your property due to a fire. You can practice as much as you can to gather knowledge of how to answers Insurance critical type papers in short time and this can be a big factor for cracking all India level exam. Payment is due by October 15th. YES. Here the insurance company will pay to the policyholder any loss caused to him or his particular property when destroyed by a fire accident. Fire Insurance. This coverage also includes your personal belongings and any expenses for lodging and meals above and beyond your normal living expenses, up to the policy limits. Homeowners fire insurance is one of the most important types of insurance coverage to get so you can protect your house and your family in case of any house fires. Search. Insurance MCQ Questions is important for the preparation of exams like LIC EXAM, IRDA, UIIC, NICL, NIACL, and OICL. They're … Answers to frequently asked car insurance claim questions, from total loss accidents to multiple insurance claims and at-fault claims. General Insurance Question Answers Online. Where you live – if your neighbourhood is more prone to break-ins, you may pay more for insurance. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Q: Can I be fired while I'm on workers' compensation? The Fire Insurance Policy Contained An 80% Coinsurance Clause. The dwelling's replacement cost is $115,000. The fire chief deemed it accidental and closed the investigation and my insurance company has not had an opportunity yet to inspect the damages. Property and Casualty Insurance License Exam Cram. Browse. Our experts can answer your tough homework and study questions. Question: A Fire-insurance Company Wants To Relate The Amount Of Fire Damage In Major Residential Fires To The Distance Between The Residence And Nearest Fire Station. Image: Hemera Technologies Jeanine Skowronski is Policygenius' editorial director and a columnist for Inc. Magazine . Your Questions About FIRE, Answered Readers had lots of questions about our recent story about the FIRE movement (financial independence, retire early). For example, if the monthly insurance is rs 1000 then we record: Dr Insurance (expense) 1000 Cr Prepaid Insurance (asset account) 1000 We record the actual insurance expense for 1 month (1000) and now prepaid insurance has a debit balance of 9000 (10000 - 1000). Question: Comcast, Inc. Had Property Valued At $1,560,000 And Insured For $936,000. Multiple choice Questions on Insurance and Risk Management. I am on disability and the insurance is just over $1,000 a year (!!!) Answers to frequently asked car insurance claim questions, ... fire, theft, certain weather damages, and vandalism are all … A comprehensive database of more than 47 fire safety quizzes online, test your knowledge with fire safety quiz questions. Our insiders answer your top car insurance questions. An insurance company will sell a fire insurance policy for a house similar to mine for $1000 (for one year of protection). Our online fire safety trivia quizzes can be adapted to suit your requirements for taking some of the top fire safety quizzes. Page 3. ... provides additional protection for your vehicle against damage including break-ins, flood and water damage, fire, vandalism and falling objects. Practice for BBA or MBA exams using these MCQ. 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