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Gelneren [198K]
1 year ago
15

Builder's risk coverage is typically procured by the owner, with protection extended to the contractor and subcontractors. Quest

ion 9 options: a) True b) False
Business
1 answer:
Anna [14]1 year ago
8 0

It is true that builder's risk coverage is typically procured by the owner, with protection extended to the contractor and subcontractors.

<h3><u>What is Builder's risk coverage ?</u></h3>

Builder's risk insurance, commonly referred to as course of construction insurance, is a specific kind of real estate insurance that aids in protecting structures that are still being built. It is crucial for assisting in the protection of building projects, but it can be difficult to understand. But having a builder's risk insurance coverage that is correctly set up might be quite important. In reality, it will form the basis of an effective risk management strategy.

Builder's risk insurance shields building projects against property damage brought on by:

  • Fire
  • Lightning
  • Hail
  • Explosions
  • Theft
  • Vandalism
  • Natural disasters caused by God

To view similar questions about builder's risk coverage, refer to:

brainly.com/question/24030221

#SPJ4

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CHECK THE EXPLANATION.

Explanation:

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Why might vertical systems be a business ethics issue? ?
DaniilM [7]
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3 0
3 years ago
Suppose that political upheaval in argentina has sparked rampant inflation. a. explain how this unexpected inflation would impac
ankoles [38]

All consumers including banks, even retirees, are directly impacted by inflation in terms of their income, savings, and spending.

How Inflation affects retirees?

  • When determining whether to boost the qualified retirement plan contribution limits or the monthly Social Security benefits, the federal government utilizes inflation as a baseline.
  • Pensions, on the other hand, may or may not increase in value with inflation, and private businesses frequently have internal guidelines for how and when to make cost-of-living adjustments.
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  • To guard against rising prices, retirees can diversify their sources of income, manage their savings, and make prudent spending decisions.

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Central banks, including the Federal Reserve, may raise interest rates in an effort to reduce inflation if it is rising while the economy is expanding. Consumer borrowing may slow down as a result of higher interest rates as they take out fewer loans.

Learn more about Inflation with the help of the given link:

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3 0
1 year ago
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $6
oksian1 [2.3K]

Answer:

1. 48 dollars

2. 30 dollars

Explanation:

The yearly premium on their homeowner's insurance policy is $600 for the coverage they need.

Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors.The couple can also receive a discount of 5 percent if they install smoke detectors on each floor.

1. What discount will Dave and Ellen receive if they install the dead-bolt locks?

discount for deadbolts =

Discount % x Premium

0.08 x 600 = 48 dollars

b. What discount will Dave and Ellen receive if they install smoke detectors?

discount for deadbolts =

Discount% x Premium

0.05 x 600 = 30 dollars

5 0
3 years ago
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