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9 Cards in this Set
- Front
- Back
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"Acts of God"
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natural disasters, such as windstorms, hail, lightining, tornadoes; floods and earthquakes are not
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replacement cost
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amount necessary to repair or replace the property
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actual cash value (ACV)
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current value of property (in cash)
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depreciation
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decrease in value of property
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umbrella policy
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extended liability coverage
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real property
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physical structures
(home, garage) |
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peril
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cause of loss
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risk
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likihood of loss
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appraisal
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evaluation of a property by an authorized person to determine property value
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