an HO-3 form covers damage to a home caused by which of the following? a. Fuel oil spillage b. termites c. Breakdown of mechanical equipment d. flood
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- which of the following perils is excluded under a homeowner's policy lightning Civil Contamination contamination SmokeRepairing a leaky roof after a hail storm is an example of maintenance. O routine O custodial O corrective O preventiveWhat is the balance of direct materials on 02/28/21 before it was damaged by fire?
- Can't figure out bottom section for the fire damage portion.when determining the value of a building for insurance purposes which of these is not a consideration? A. The Economy B. Physical Condition C. Average Vaule of homes on the same block D. Sqaure FootageA large number of fully depreciated PPE are left at zero balances resulting to omitted repairs, maintenance, counts and other monitoring activities. a. strenght b. weaknesses
- Exterior and interior painting would be classified as O a. asset improvements O b. ordinary maintenance and repairs O c. extraordinary repairs O d. none of these choicesThe loss in value from all causes within a property except those due to physical deterioration is known as which of the following? A. functional obsolescence B. obsolescence C. true obsolescence D. deteriorationidentify the causes of loss that are covered under the broad form that are not covered. under the basic form.
- Explain the accounting for loss carrybacks and loss carryforwards.MATCHING 3-4: TYPE OF SPILL AND CLEANUP PROCEDURE Match the type of spill with the cleanup procedure (Procedure 3-2). Type of Spill Cleanup Procedure A. Carefully absorb spill with a paper towel or similar material. Discard material in a biohazard waste container. Clean area with appropriate disinfectant. B. Moisten spill with disinfectant (avold scraping, which could disperse infectious organisms into the air). Absorb spill with paper towel or similar material. Discard materlal in a biohazard waste container Clean area with appropriate disinfectant. C. Use a special clay or chlorine-based powder to absorb or gel (thicken) the liquid. Scoop or sweep up absorbed or thickened material. Discard material in a biohazard waste contalner. Wipe spill area with appropriate disinfectant. D. Wear heavy-duty utility gloves. Scoop or sweep up material. Discard in a biohazard sharps container. Clean area with appro- priate disinfectant. Small spill (a few drops) Large spill Dried spill 1. 2. 3. 4.…A's cargo ship base was punctured due to rats and so sea water entered and cargo was damaged. Here there are two causes for the damage of the cargo ship - (i) The cargo ship getting punctured because of rats, and (ii) The sea water entering ship through puncture. The cargo ship was insured with B. What do you think? 1. Whether B pays an insurance claim to A in this scenario, give reason? 2. State the different principles of Insurance and explain the one on the basis of which this case is decided.