Unit 4 Review

Front

Reasons consumers decide what products and services to purchase based on feelings, beliefs, and attitudes.

Back

Emotional buying motives

Front

Provides payment to cover liability losses as well as damage and loss of the home structure and its contents

Back

Homeowners Insurance

Front

A policy insuring the owner or mortgagee against loss by reason of defects in the title to a parcel of real estate

Back

Title Insurance

Front

a specific type of loan that is used to buy real estate

Back

Mortgage

Front

A mortgage loan on approved property made to a qualified veteran by an authorized lender and guaranteed by the Department of Veterans Affairs in order to limit the lender's possible loss.

Back

VA loan

Front

The process of a title company substituting themselves in place of the grantor is called ....

Back

subrogation

Front

A lender's or buyer's title insurance policy.....

Back

insures that the property has no objectionable encumbrances

Front

Actual cash value homeowners insurance...

Back

deducts depreciation from the value of the property

Front

Extended replacement homeowners insurance...

Back

allows for inflation

Front

Earthquakes are considered to be ___________________ and are excluded from standard homeowners insurance policies.

Back

an act of God