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This Document Needs to Be Completed for Additional Personal Property

question 92

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This document needs to be completed for additional personal property insurance not adequately covered by your homeowner's policy.


Definitions:

Property Taxes

Taxes assessed by local governments on real estate and sometimes other assets based on the property's value.

Interest

The cost of borrowing money or the payment received for lending money, typically expressed as a percentage of the principal.

Construction

The act of constructing or putting together buildings, infrastructure, or other significant physical constructions.

Building

A structure with a roof and walls, such as a house, factory, or school, often considered a non-current or fixed asset in accounting.

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