compucram PROPERTY INSURANCE &
WARRANTIES
In evaluating the property to be insured and the buyer purchasing the property to
determine insurability and premium to be charged, insurance companies often use
which of the following? - ✔️✔️a CLUE (comprehensive loss underwriting exchange)
report
Federal Emergency Management Agency (FEMA) is responsible for: - ✔️✔️flood area
maps
All of the following are true regarding the National Flood Insurance Program except: -
✔️✔️the program covers loss or damage to personal property caused by a discharge
or overflow of water from a plumbing, heating or air conditioning system
Home warranty programs, which typically cover such things as plumbing, electrical,
heating and air conditioning systems and appliances, are: - ✔️✔️optional programs
purchased by buyers or sellers that include specified coverages, deductibles, limitations
and exclusions
The flat or nearly flat land along a river or stream covered by water during a flood is
called: - ✔️✔️flood plain
WARRANTIES
In evaluating the property to be insured and the buyer purchasing the property to
determine insurability and premium to be charged, insurance companies often use
which of the following? - ✔️✔️a CLUE (comprehensive loss underwriting exchange)
report
Federal Emergency Management Agency (FEMA) is responsible for: - ✔️✔️flood area
maps
All of the following are true regarding the National Flood Insurance Program except: -
✔️✔️the program covers loss or damage to personal property caused by a discharge
or overflow of water from a plumbing, heating or air conditioning system
Home warranty programs, which typically cover such things as plumbing, electrical,
heating and air conditioning systems and appliances, are: - ✔️✔️optional programs
purchased by buyers or sellers that include specified coverages, deductibles, limitations
and exclusions
The flat or nearly flat land along a river or stream covered by water during a flood is
called: - ✔️✔️flood plain
