Municipal Agencies & Property Insurance

Question 1

Which named ‘peril’ is not covered on an HO policy (home owner) or a DP policy (dwelling policy)? From whom do you purchase that insurance?

Answer 1

Flood. FEMA

Question 2

If I want higher limits of liability insurance on my house and cars, I would buy an ____________ policy.

Answer 2

Umbrella

Question 3

If I were a renter, in order to protect my stuff while also having liability insurance, I would buy an ____________ policy.

Answer 3

HO4

Question 4

What is the ‘lien of highest priority’?

Answer 4

Real Property tax

Question 5

What does the “Municipal Engineers” office do?

Answer 5

It plans, designs and does the construction of New York’s public works facilities and projects

Question 6

What governmental authority oversees our fresh water drinking supply?

Answer 6

Department of Health

Question 7

Does the building department write the building code or enforce it?

Answer 7

Enforces it

Question 8

What governmental agency oversees how the community is developed?

Answer 8

The Planning Board

Question 9

Homeowner policies which provide content coverage for apartment owners is the ____________.

Answer 9

HO1

Question 10

What governmental body overseas mortgage brokers and mortgage bankers?

Answer 10

The NYS Department of Banking