The lender on a condominium unit will require proof that the
A) unit owner carries liability insurance.
B) unit owner carries contents insurance.
C) condominium association carries insurance on the common elements.
D) condominium association carries insurance on the individual owner's contents.
Correct Answer:
Verified
Q20: A typical homeowner insurance policy does not
Q21: An insurer may suspend an insurance policy
Q22: Lenders on real estate mortgages may require
Q23: Fire insurance is the foundation of property
Q24: If the insured wishes to cancel his
Q26: Typically, an owner of real estate is
Q27: An "all-risk" homeowner policy (HO-C)does not include
Q28: If a liability claim arises under Section
Q29: The owner of a rented property may
Q30: In a typical homeowner's policy, section I
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