The Owner of a Rented Property May Insure That Property

question 9

Multiple Choice

The owner of a rented property may insure that property by obtaining

• A) an endorsement to an existing homeowner policy.
• B) a landlord package policy.
• C) both a and b.
• D) neither a nor b.

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Definitions:

Big Bank

A colloquial term often used to describe very large multinational banking and financial services corporations.

Capital Contribution

The act of injecting financial resources or assets into a company or partnership by its owners or partners.

Partnership Agreement

A contractual document among partners that outlines the terms, conditions, and operational procedures of a partnership business.

Personal Loan

An unsecured loan provided by financial institutions, based on the borrower's credit history and ability to pay back, for personal use.