A Landlord Package Policy Provides Coverage for

question 37

Multiple Choice

A landlord package policy provides coverage for

• A) property damage.
• B) liability.
• C) loss of rents.
• D) all of the above.

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Definitions:

Proprietorship

A business structure owned by a single individual, where the owner is personally responsible for the business's debts and liabilities.

Withdrawal

Removing funds from an account, or the act of taking money out from a partnership or investment, often referring to the distribution of assets to owners or partners.

Unearned Revenue

Money received by an individual or company for a service or product yet to be provided or delivered.

Drawing

Withdrawals of cash or other assets from a business by the owner for personal use, affecting the owner's equity.