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Loss in value because a home's design and construction have become obsolete.

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15y ago

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What is the purpose of seawall construction?

The purpose of seawall construction is to improve properties near water by preventing the water from eroding or flooding the land near the property. Erosion and flooding can do serious damage to the property and can cause problems for building built near water.


What are the advantage and disadvantage of insurance in construction?

There aren't really advantages or disadvantages of insurance in construction, but instead insurance helps project owners, developers, and contractors mitigate their financial risk during the construction project. Construction has property exposure, liability exposure, and work comp exposure that need to be insured at a minimum. Chris Larmore - Parenti Insurance


What is the effect of resistance of the flow of current?

Thet resistor opposes the flow of current through it becoz of its internal construction. Its material has opposing property.


What is year of construction surcharge?

The year of construction surcharge is an additional fee applied to property taxes or assessments based on the age of a building. Typically, newer constructions may incur higher surcharges due to increased property values and potential amenities. Conversely, older buildings might benefit from lower surcharges, reflecting depreciation or different market conditions. This surcharge can vary by jurisdiction and is often used to fund local infrastructure or services.


What are the types of insurance in construction industry?

The major types of insurance in the construction industry areInsurance of the works, Plants &Equipmentagainst lose, damage etc also called contractor's all risk (CAR) insuranceThird party insurance (insurance against third party property damage or lose)Workers compensation insuranceProfessionalindemnityinsuranceRarely some countries like in the middle east have decennial insurance (for period of 10yrs after construction)