16 RE Taxes Assessments & Income Taxes Flashcards
1
Q
Dwelling policies
A
No theft or liability
2
Q
DP1 DP2 DP 3
A
Basic Basic + Broad
3
Q
HO Policies
A
Theft liability
4
Q
HO4
A
Renters and tenants
5
Q
HO6
A
Condo
6
Q
Flood Insurance
A
National Flood Insurance Program FEEMA
7
Q
Ad Valorem
A
At value accessed value
8
Q
Who’s accessed
A
Everybody Some exempt from paying
9
Q
Homestead and non homestead
A
under 4 units commercial
10
Q
tax certorori
A
legal action challengeing assessment
11
Q
In Rem
A
Tax foreclosure suit against property not person
12
Q
1031
A
Like Kind Exchanges Tax shelter