Introduction Flashcards
1
Q
Abandonment
A
the relinquishing of insured property into the hands of another, or into the possession of no one in particular
2
Q
Boarder
A
a person who lives with someone else for an agreed upon price, usually for a considerable amount of time
3
Q
A
4
Q
Counterfeit
A
fraudulent imitation, forgery
5
Q
Debris
A
remains of anything broken down or destroyed
6
Q
Incidental Occupancy
A
minor uses that are accessory to or support the predominant occupancy (e.g., a piano teacher giving lessons in her home)
7
Q
Ordinance
A
a law that must be complied with
8
Q
Overinsurance
A
when a property’s insurance coverage exceeds its cash value
9
Q
Vandalism
A
intentional destruction or damage to property
