Nevada Property Insurance
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Before you learn any insurance, make sure two things are right. First, you need to be preparing for the correct exam. Second, you need a way of studying that shows you whether you can actually use what you learn. This lesson covers both.
About 15 minutes
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Open lesson →Insurance works because many people each pay a smaller, known amount so that the few who suffer a large covered loss can be paid. This lesson explains three ideas behind that arrangement:
About 18 minutes
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Recommended first: Choose your exam and build a study routine. Suggestions, not required steps.
Open lesson →When something goes wrong with insured property, the facts come mixed together. There is the event that did the damage. There are conditions that made the damage more likely or worse. There is the physical damage, and there is the money lost afterward because of it.
About 22 minutes
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Recommended first: Why insurance works and what it can insure. Suggestions, not required steps.
Open lesson →When property is damaged, "What was it worth?" has more than one honest answer. A six-year-old oven has a price for a new replacement, a lower value as a used oven, and a small leftover value as scrap. The policy decides which of these values measures the loss.
About 19 minutes
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Recommended first: Why insurance works and what it can insure, Read a loss scenario: peril, hazard and cause. Suggestions, not required steps.
Open lesson →When a covered loss happens, what the insurer pays may differ from the covered repair bill. It starts with the loss amount and then applies a few rules written into the policy. This lesson covers the three most common ones:
About 14 minutes
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Recommended first: Value damaged property correctly. Suggestions, not required steps.
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