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final property exam
FINAL PROPERTY EXAM 2024 WITH 100% CORRECT ANSWERS 
 
 
 
 
 
 
 
 
 
Which of the following best defines the term risk? 
 
a. Causes a loss 
b. Brings loss about 
c. Increases chances of a loss 
d. Uncertainty of loss - correct answer d. Uncertainty of loss 
 
An owner-occupied home has a replacement cost of $500,000 and an actual cash value of $400,000. To assure that the replacement cost provision in the policy applies, what is the minimum the home must be insured for? 
 
a. 75% of the RC 
b....