Study #8: Other Property Coverages

Question 1

Mobile Home

Answer 1

Manufactured housing, commonly called house trailers, usually placed in one location and left there permanently, but retaining the ability to be moved, as required in many areas. Behind the cosmetic work fitted at installation to hide the base, there are strong trailer frames, axles, wheels, and tow-hitches.

Question 2

Modular Home

Answer 2

A type of manufactured housing that is built in a factory and moved to a building site in large individual sections; is not movable and may b considered a permanent structure.

Question 3

Accommodation Sharing

Answer 3

An arrangement set up by means of a website or mobile app in which a property primarily occupied by its owner is rented for a short time period to a third party.

Question 4

Condominium

Answer 4

Individual ownership of a single unit in a multi-unit building or group of buildings, including a percentage interest in the part of the total property owned jointly by all unit owners. Condominium property requires special insurance treatment.