AINS 102 CH 2 EXAM QUESTIONS AND ANSWERS 100% CORRECT!!

What are some examples of other structures attached to land? - ANSWER Swimming pools, storage shed, flagpole What are some examples of anything growing on the land? - ANSWER Crops & Trees What are some examples of anything embedded in the land? - ANSWER foundations, underground pipes, minerals What is personal property? - ANSWER Dwelling contents, high-value property, rare or unique property, business personal property, motor vehicles, trailers, watercraft, and aircraft. What is dwelling contents personal property? - ANSWER furniture, electronics What is high-value personal property? - ANSWER jewelry, silverware, firearms What is rare & unique personal property? - ANSWER antiques, artwork What is business personal property? - ANSWER supplies, machinery What is intangible personal property? - ANSWER patents, copyrights How do individuals and families face loss exposures? - ANSWER by owning or having a legal interest in these types of property Damaged or destroyed property can result in which three outcomes? - ANSWER Reduction in property value, increased expenses, and lost income Wha