Chapter 48 and 49

Question 1

Insured pays what to the insurer

Answer 1

Premium if it happens of a contingency beyond the control of the parties

Question 2

What do you need to insure something

Answer 2

Insurable interest

Question 3

Defenses of insurer

Answer 3

Misrepresentation

Concealment

Question 4

Types of fire

Answer 4

Friendly - contained

Hostile - outside

Question 5

Valued policy

Answer 5

Covers full value of policy as agreed upon at the time it’s issued

Question 6

Open policy

Answer 6

Covers fair market price calculated immediately prior to the loss

Question 7

What happens to the tenant when there is a destruction of property

Answer 7

They still have to pay rent and the lease isn’t terminated

Question 8

Abandonment

Answer 8

If the tenant abandons it and the landlord relets it then the tenant isn’t obligated to pay rent anymore

Question 9

Landlords obligations

Answer 9

Quiet enjoyment: don’t interfere with the tenant

Constructive eviction: failure if landlord in an obligation under the lease that causes a substantial and lasting injury to the tenants enjoyment if the premises

Question 10

Implied warrant of habitability

Answer 10

The leased premises have to be for for ordinary residential purposes
Read 1067

Question 11

Landlords are liable for

Answer 11

Foreseeable criminal acts of third persons

Question 12

What is insurance

Answer 12

A contractual undertaking of the insurer and insured