Chapter 6- Homeowners Policy
An insured with a $500,000 HO-5 policy incurs $1,500 in damages due to a flood destroying the wood flooring. The policy deductible is $250. The policy will pay: A $1,250 B $1,000 C $0 D $1,500
$0
An insured is part of a homeowners association. After a property loss to a common area owned by all of the association's members, the insured is assessed $1,500 for the damages. The insured's Homeowners policy will provide: A $1,000 of coverage B $1,500 of coverage C No coverage D $500 of coverage
$1,000 of coverage
Under an unendorsed Homeowners policy, jewelry is covered up to what amount? A $1,500 for loss by any peril B $2,500 for loss by fire C The Coverage C limit for loss by any peril D $1,500 for loss by theft
$1,500 for loss by theft
C insures their new home on a Special Form Homeowners policy for $200,000. After a total fire loss, how much coverage does C have to cover losses to personal property? A $200,000 B $40,000 C $60,000 D $100,000
$100,000
An insured has an HO-3 policy with a Coverage A limit of $200,000. What is the maximum amount the policy will pay if a detached garage burns down, including the amount provided for the cost of debris removal expenses? A $200,000 B $21,000 C $1,000 D $20,000
$21,000
C's debit card is stolen, and $1,000 is subsequently stolen from their account. How much will C's HO-3 policy pay for the loss? A $0 B $1,000 C $500 D $250
$500
Under a Homeowners policy, how much coverage is provided for theft or unauthorized use of a credit or debit card? A The Coverage C Limit of Insurance B $200 C $500 D $1,000
$500
Under a Homeowners policy, the limit applicable to a loss to any one tree or plant is: A $500 B $250 C The Coverage A limit D $1,000
$500
L owns a home covered under an HO-3 for $200,000. Under Coverage D, how much coverage does L have for lost rental income if the basement apartment becomes uninhabitable due to a fire loss? A $60,000 B $100,000 C $30,000 D $200,000
$60,000
Liability coverage may be provided by a Homeowners policy for the insured's use of which of the following watercraft? A Racing cruiser B 20-foot sailing boat C Private yacht owned by the insured D Rented pontoon boat to entertain business clients
20-foot sailing boat
All of the following are considered to be insured under a Homeowners policy, except: A A 79-year-old father-in-law who is living with an insured B A 23-year-old daughter while away at college C A 25-year-old friend who is living with an insured D A friend's 14-year-old daughter who is living with an insured
A 25-year-old friend who is living with an insured
All of the following would be included in the definition of insured location, except: A A boat slip used by the named insured B A 5-family dwelling in which the insured lives in one of the units, including the structures and grounds C Land upon which a 4-family dwelling is being built as a residence for the named insured D A summer vacation home rented by the insured
A 5-family dwelling in which the insured lives in one of the units, including the structures and grounds
Liability coverage provided by a Homeowners policy would provide coverage for bodily injury liability arising out of all of the following, except: A A guest is injured by a recreational vehicle operated on the residence premises B A neighbor's child is bitten by the insured's pet C A guest gets the flu from an insured D A residence employee is injured on the residence premises while working
A guest gets the flu from an insured
Under the Watercraft Liability Endorsement on a Homeowners policy, an injury to which of the following people would be covered under Coverages E and F? A A person who was renting the watercraft from the insured B An employee hired to operate the watercraft C A guest of the insured D The insured
A guest of the insured
Medical payments coverage under a Homeowners policy would pay for the expenses incurred by all of the following, except: A A stranger, who incurs ambulance and hospital expenses after being bitten by the insured's dog at a public park B A guest, who incurs expenses related to their prosthetic arm one year after the accident C A guest, who incurs a medical expense four years after the accident D A residence employee, who incurs an X-ray expense a week after the accident
A guest, who incurs a medical expense four years after the accident
Homeowners policies cover all of the following losses to trees, shrubs, and plants, except: A Loss due to vehicles not owned or operated by a resident B Loss due to lightning C Loss due to theft D A loss resulting from a windstorm
A loss resulting from a windstorm
Which of the following items of property is covered under the Homeowners policies? A A speaker system permanently installed in the insured's car B A show dog C A hovercraft D A model airplane
A model airplane
Which of the following would not be eligible to purchase a Homeowners policy? A A person who owns and occupies a two-family dwelling B A person who provides daycare services in their home C A person who owns and lives on a farm D A person whose dwelling contains an accounting office
A person who owns and lives on a farm
Under Homeowners policies, a worker whose duties are related to the maintenance or use of the residence premises is defined as: A A residence employee B A maintenance employee C A contract employee D A boarder
A residence employee
Which of the following parties is eligible to receive medical payments under Section II of a Homeowners policy? A A tenant who lives in a portion of the insured's residence B The named insured's spouse C A residence employee D The named insured
A residence employee
Following a bodily injury on the residence premises, an unendorsed Homeowners policy may provide medical payments to: A A tenant B An employee of the insured who is eligible to receive Workers' Compensation benefits C A residence employee in the course of their employment by the insured D A guest whose injury arises from the insured's business pursuits
A residence employee in the course of their employment by the insured
P owns a condo and has an HO-6 policy. All of the following are insured under Coverage A of the policy, except: A Another structure owned by P that is used for personal storage B Alterations C A structure on the premises used for P's business D Fixtures
A structure on the premises used for P's business
The HO-3 covers losses to other structures causes by which of the following perils? A Smoke from agricultural smudging B Abrupt collapse from defective construction materials C Smog or rust D Wear and tear
Abrupt collapse from defective construction materials
Under the HO-8 policy, the dwelling is valued on which basis? A Actual cash value B Market value C Agreed value D Replacement cost
Actual cash value
A Broad Form Homeowners policy protects the insured's personal property: A Against named perils B Only by endorsement C Only while on the insured location D On an open perils basis
Against named perils
A Broad Form Homeowners policy protects the insured's personal property: A Against named perils B Only while on the insured location C Only by endorsement D On an open perils basis
Against named perils
Y insures their new home on a Broad Form Homeowners policy (HO-2). The policy would cover all of the following losses under Section I, except: A Vandalism loss to the dwelling, which has been vacant for 25 days throughout the policy year B All food and gas expenses Y incurs after a fire makes the dwelling unfit to live in C A lawn mower that has been damaged by a falling tree D Property of Y's guests, as requested by Y, that has been damaged by lightning
All food and gas expenses Y incurs after a fire makes the dwelling unfit to live in
An insured must add the Watercraft Liability Endorsement to their Homeowners policy if they want coverage for liability arising out of the use of which of the following watercraft? A An inboard motorboat the insured owns B Watercraft that is rented to others C A watercraft in storage D A 20-foot sailing vessel, regardless of any auxiliary power
An inboard motorboat the insured owns
Coverage C of a Homeowners policy includes property coverage for: A The insured's personal automobiles, while on the residence premises B An owned camera used by the insured while on vacation in another country C The insured's pets D Aircraft stored on the residence premises
An owned camera used by the insured while on vacation in another country
Which property would be settled for its actual cash value even if the Personal Property Replacement Cost Loss Settlement Endorsement is attached to an HO-3 policy? A Carpeting B Appliances C Antiques D Outdoor equipment
Antiques
The Loss Assessment Additional Coverage provided by Section I of a Homeowners policy provides limited coverage for: A Expenses incurred due to seizure of covered property by order of a governmental authority B The insured's share of a loss to property borrowed with permission from someone who is not an insured on the policy C Assessments made against the insured by a governmental body D Assessments made for the insured's share of losses relating to property owned by a homeowners association
Assessments made for the insured's share of losses relating to property owned by a homeowners association
Under a Homeowners policy, personal liability coverage protects the insured from claims resulting from: A Personal injury or property damage to another insured B Bodily injury or personal injury to others C Bodily injury or property damage to others D ONly damage to the insured's property
Bodily injury or property damage to others
An insured adds the Business Pursuits Endorsement to their Homeowners policy. The insured may elect to add coverage for: A Bodily injury resulting from using saddle animals B Bodily injury arising out of the negligent supervision of motor vehicles C Bodily injury resulting from corporal punishment D Bodily injury arising out of rendering professional services related to beauty services
Bodily injury resulting from corporal punishment
Personal liability coverage provided by a Homeowners policy would cover which of the following? A Bodily injury to an insured on the residence premises B Bodily injury arising out of the insured selling a controlled substance C The transmission of a communicable disease to a guest by an insured D Bodily injury to a guest caused by the insured's pet dog
Bodily injury to a guest caused by the insured's pet dog
Which of the following is true regarding the HO-4 and HO-6 forms? A All losses are paid on a replacement cost basis B Both forms provide open perils coverage on the personal property C Both forms are used to insure the personal property and personal liability of the insured, but not necessarily the structure itself D The amount of insurance on the dwelling containing personal property is 10% of the Coverage C amount of insurance
Both forms are used to insure the personal property and personal liability of the insured, but not necessarily the structure itself
Under the HO-4 and HO-6, personal property is covered on which basis? A Broad Form perils basis B Basic Form perils basis C All-risk basis D Open perils basis
Broad Form perils basis
A Broad Form Homeowners policy would cover which of the following losses? A Tree damage to a detached garage resulting from an earthquake B All losses caused by earth movement, but only if a fire or explosion ensues C Collapse of the dwelling caused by a sinkhole D Building glass breakage caused by an earthquake
Building glass breakage caused by an earthquake
Under a Homeowners policy, which of the following payments are paid in addition to the limits of liability? A Coverage for a watch stolen from the insured's motor vehicle B Medical payments paid to an injured residence employee C Claim expenses when a suit is brought against the insured for bodily injury damages D Coverage for property damaged when it was removed from the premises to protect it from a peril insured against
Claim expenses when a suit is brought against the insured for bodily injury damages
An insured has a Homeowners policy that protects a dwelling and a swimming pool. While a guest is staying with the insured, the insured's 8-year-old child takes the guest's phone and purposefully throws it into the pool. The insured's policy will: A Cover the damage under the Damage to Property of Others Additional Coverage B Cover the loss as a personal property loss C Deny coverage, because the child intentionally caused the damage D Deny coverage until damages for the property loss are charged against the insured by a court of law
Cover the damage under the Damage to Property of Others Additional Coverage
Structures on the premises separated by clear space from the dwelling are covered under which part of a Homeowners policy? A Coverage C B Coverage B C Coverage D D Coverage A
Coverage B
Which coverage on the Homeowners forms provides indirect loss coverage? A Coverage B B Coverage C C Coverage A D Coverage D
Coverage D
Under a Homeowners policy, personal liability coverage includes all of the following, except: A Coverage for damages awarded against an insured due to bodily injury to a third party B Coverage for damages awarded against an insured due to personal injury to a third party C Payment of prejudgment interest awarded against the insured, subject to the applicable limit D The insurer's duty to defend the insured at the insurer's expense
Coverage for damages awarded against an insured due to personal injury to a third party
F rents out their basement to a tenant. After a fire loss to a neighbor's premises, a civil authority keeps F and the tenant from being able to use the dwelling. Which statement best describes the period during which the loss of rent is paid by F's Homeowners policy? A This loss is excluded from policy coverage B Coverage is provided until the neighboring premises is repaired C Coverage is provided for no more than 60 days D Coverage is provided for no more than 2 weeks
Coverage is provided for no more than 2 weeks
R owns a home insured on an HO-3 policy and rents out a suite over a detached garage to tenants. R's furniture used to furnish the suite is: A Considered property not covered under Coverage C B Subject to a Coverage C special limit of liability of $3,000 C Protected against theft for up to $2,500 D Covered up to $2,500 as an Additional Coverage
Covered up to $2,500 as an Additional Coverage
Which of the following would be covered under the Damage to Property of Others Additional Coverage of a Homeowners policy? A Damage to property owned by the insured's tenant B Damage caused intentionally by the insured's 10-year-old son C Damage arising out of the insured's business pursuits D Damage to property owned by the insured
Damage caused intentionally by the insured's 10-year-old son
Under Section II of a Homeowners policy, all of the following are covered, except: A The insured's liability for damages to the property of others B A guest's medical expenses for an accident arising out of the residence premises C Damage to property of the insured D The insured's liability for bodily injury to others
Damage to property of the insured
If a home is insured on two primary Homeowners policies provided by different insurers, and both policies cover the same property loss, the policies will: A Deny coverage due to overinsurance B Pay on a contribution by equal shares basis C Each pay their pro rata liability for the loss D Determine which policy is more primary
Each pay their pro rata liability for the loss
C has a Homeowners policy with the Personal Property Replacement Cost Endorsement. The insurer will only pay the actual cash value of personal property until actual repair or replacement is complete if the amount of loss: A Is under $500 B Exceeds $100 C Exceeds $1,000 D Exceeds $500
Exceeds $500
Any liability coverage provided by a Homeowners policy is: A Primary insurance that coordinates coverage on a pro rata liability basis B Excess insurance over any applicable Excess Liability policy C Primary insurance that coordinates coverage on a contribution by equal shares basis D Excess insurance, unless other insurance is written as excess insurance
Excess insurance, unless other insurance is written as excess insurance
The definition of fungi provided by the Limited Fungi, Wet or Dry Rot, or Bacteria Endorsement of a Homeowners policy includes all of the following, except: A Mycotoxins B By-products released by fungi C Fungi intended for consumption D Mold
Fungi intended for consumption
A Broad Form Homeowners policy would cover all of the following personal property losses, except: A Theft of a residence employee's watch from the residence premises B Fire loss to the dwelling's contents after a flood started an electrical fire C Damage to a guest's passport after an appliance accidentally overflows D Furniture lost due to a mudslide
Furniture lost due to a mudslide
The following are all Additional Coverages provided by Homeowners policies, except: A Governmental Action B Loss Assessment C Credit Cards, Electronic Fund Transfer Card or Access Device, Forgery, and Counterfeit Money D Collapse
Governmental Action
A mobile home may obtain property insurance in which of the following ways? A HO-2 or HO-3 policy with the Mobile Home Endorsement B HO-3 or HO-8 policy with the Mobile Home Endorsement C Unendorsed DP-1 or DP-2 D DP-3 only
HO-2 or HO-3 policy with the Mobile Home Endorsement
After moving to a new town, T rents a house, with plans to buy a house sometime in the future. Which form best meets T's insurance needs as a tenant? A DP-1 B HO-4 C DP-2 D HO-8
HO-4
Which form is designed for the unit-owner of a condominium? A HO-8 B HO-2 C HO-6 D HO-4
HO-6
Under a Homeowners policy, personal liability coverage would exclude coverage for all of the following injuries, except: A Injury to an insured's employee, who is eligible for Workers' Compensation benefits B Injury to the named insured's 20-year-old child visiting from college C Animal bite sustained by the named insured D Injury to a guest who falls down the stairs
Injury to a guest who falls down the stairs
Unlike the Broad Form, the Special Form (HO-3) does which of the following? A Covers theft to a dwelling under construction B Settles losses to the dwelling and other structures on a replacement cost basis C Excludes coverage for accidental damage to a fence caused by the insured's own vehicle D Insures the dwelling and other structures on an open perils basis
Insures the dwelling and other structures on an open perils basis
Which of the following is true regarding an unendorsed HO-4? A It provides named perils coverage on a replacement cost basis B It provides named perils coverage on an actual cash value basis C It provides open perils coverage on an actual cash value basis D It provides open perils coverage on a replacement cost basis
It provides named perils coverage on an actual cash value basis
Which of the following insureds would benefit from puchasing an HO-8 policy? A P, who wants an actual cash value loss settlement basis, rather than replacement cost valuation B C, whose 8-bedroom home is located on their farm C H, whose home has a replacement cost exceeding $250,000 D L, who has an older home with a replacement cost that exceeds its market value
L, who has an older home with a replacement cost that exceeds its market value
Which of the following claims would be covered under the Personal Injury Endorsement attached to an HO-3 policy? A Liability arising out of disputes between insureds B Injury related to a business engaged in by the insured C Liability arising from publication of material that defames, libels, or slanders another person D Civil activities for which the insured is paid
Liability arising from publication of material that defames, libels, or slanders another person
The Home Day Care Coverage Endorsement added to a Homeowners policy does not provide: A Liability coverage for injuries to a day care employee B A policy year aggregate limit for personal liability and medical payments coverages C Coverage while on the residence premises D Property coverage for a structure used for the day care business
Liability coverage for injuries to a day care employee
Which of the following is an Additional Coverage under Section II of a Homeowners policy? A Loss Assessment B Reasonable Repairs C Identity Fraud Expense D Watercraft Liability
Loss Assessment
Medical payments coverage under Section II of a Homeowners policy would cover all of the following expenses, except: A Loss of income of an injured person B Prosthetic devices C Medical and surgical expenses D Dental expenses
Loss of income of an injured person
Under Coverage A of the HO-6, which of the following is not covered? A Materials and supplies used to repair the building B Other structures owned solely by the insured C Alterations and improvements D Appliances and fixtures
Materials and supplies used to repair the building
J is hosting a dinner party with family friends. After dinner, one of the guests trips while running in the yard and breaks their arm, incurring $2,500 in medical bills. Under Section II of J's Homeowners policy, coverage for these expenses is subject to which of the following policy terms? A Coverage is denied because medical payments are only provided to J and J's resident family members B Coverage is denied because J's policy is intended for automobile liability exposures C Medical payments provided by J's policy are an admission of fault D Medical payments made to the guest are not subject to the policy deductible
Medical payments made to the guest are not subject to the policy deductible
Under a Homeowners policy, which statement about personal property coverages is incorrect? A Theft of silverware is covered up to $2,500 on an unendorsed policy B An endorsement may be added to cover the contents on a replacement cost basis C Money is covered up to $500 per occurrence on an unendorsed policy D The Scheduled Personal Property Endorsement provides open perils coverage for listed items
Money is covered up to $500 per occurrence on an unendorsed policy
Under a Homeowners policy, medical payments provided by Coverage F are: A Not an admission of the insured's liability B Paid to the insured or their legal representative C Paid to parties injured by war or radiation while on the residence premises D Not paid to cover funeral expenses
Not an admission of the insured's liability
K owns and occupies a single-family dwelling that K insures on an unendorsed Special Form Homeowners policy for $250,000 with a $1,000 deductible. K has a large structure at the back of the lot that K uses for a manufacturing business. If a fire loss results in $20,000 in damage to the structure, plus an additional $10,000 for debris removal expenses, K's Homeowners policy will pay: A $25,000 B Nothing C $30,000 D $29,000
Nothing
A dwelling insured by a Special (HO-3) Homeowners policy sustains extensive fire damage. After the loss, the insured must do all of the following, except: A Notify the police B Submit a signed, sworn proof of loss to the insurer within the required time frame C Prepare an inventory of damaged property D Protect the property from further damage, and keep records of any necessary repair expenses
Notify the police
The HO-5 personal property coverages are insured on which basis? A Broad perils B Basic perils C Named perils D Open perils
Open perils
R insures their home on a Broad Form Homeowners policy. When the dwelling is endangered by a fire on the neighboring premises, R removes personal property from the home to protect it from the potential loss. While removed, the personal property is covered on a(n): A Basic Form perils basis B Open perils basis C Broad Form perils basis D Named perils basis
Open perils basis
On a Special Form Homeowners policy, which of the following coverages is provided under the Property Removed Additional Coverage? A Open perils coverage for 30 days B Open perils coverage for 10 days C Named perils coverage for 30 days D Named perils coverage for 15 days
Open perils coverage for 30 days
Homeowners policies define the insured location to include all of the following, except: A Cemetery plots or burial vaults B Hotel rooms C Vacant land rented to the insured D Other premises rented to an insured for business use
Other premises rented to an insured for business use
As provided by the Claim Expenses Additional Coverage on a Homeowners policy, if the insured losses income because they must assist the insurer with the investigation of a claim, the insurer will: A Pay for the entirety of the insured's loss of earnings B Pay up to $500 per day for loss of earnings C Not pay for the insured's loss of earnings D Pay up to $250 per day for loss of earnings
Pay up to $250 per day for loss of earnings
Which of the following is not correct regarding the Damage to Property of Others Additional Coverage provided by Section II of a Homeowners policy? A Payments are made without reducing the personal liability limit of liability B Payments are made without reducing the medical payments limit of liability C The coverage is automatically provided by the policy D Payments are subject to the policy deductible
Payments are subject to the policy deductible
Which type of liability limit applies to medical payments coverage provided by a Homeowners policy? A Per occurrence limit B Combined single limit C Per person limit D Aggregate limit
Per person limit
The following coverages are all found under Section I of a Homeowners policy, except: A Personal Property B Other Structures C Personal Injury Liability D Dwelling
Personal Injury Liability
The Ordinance or Law Additional Coverage on a Homeowners policy will cover an increase in costs that results from the enforcement of an ordinance or law regulating all of the following, except: A Construction or demolition of an insured building B Pollutant testing and removal from an insured premises C Remodeling or renovation of an insured building D Repair of an insured building
Pollutant testing and removal from an insured premises
After M's children move out to go to college, M builds a new home and purchases a Special Form (HO-3) Homeowners policy with no endorsements. Which of the following is covered by M's policy? A Property belonging to M's child is covered by Coverage C while located in a dorm room away from the residence premises B A separate structure on the property used for M's retail business is covered under Coverage B C M's pet dog and bird are covered property under Coverage C D Theft losses to the dwelling while it is under construction is covered by Coverage A
Property belonging to M's child is covered by Coverage C while located in a dorm room away from the residence premises
The Scheduled Personal Property Endorsement on a Homeowners policy may insure all of the following types of property, except: A Fine arts B Coin collections C Rare or exotic animals D Musical instruments
Rare or exotic animals
Liability for use of which of the following vehicles is not covered by a Homeowners policy? A Motorized golf cart used at the local golf course B Riding lawn mower C Custom motorized wheelchair for a resident family member D Recreational dune buggy that is owned by the insured and used on a public beach
Recreational dune buggy that is owned by the insured and used on a public beach
Under Section II of the Homeowners policy, a two-family dwelling where the insured resides in one of the units, including other structures and grounds at that location, is referred to as: A Dwelling structures B Other structures C Nonbusiness premises D Residence premises
Residence premises
H's jewelry is covered under Coverage C of their Broad Form Homeowners policy, but theft of jewelry is subject to a special limit of liability. If H wants better coverage for a $10,000 necklace inherited from their mother, including insurance against more perils and a higher limit of liability, which endorsement might H's agent recommend? A Scheduled Personal Property Endorsement B Personal Property Replacement Cost Endorsement C Open Peril Personal Property Endorsement D Increased Limits - Coverage C Endorsement
Scheduled Personal Property Endorsement
V owns a home in good condition that is protected by an HO-2 for $300,000. V lives in the home and uses a detached structure on the premises for rental purposes. All of the following statements about property coverage provided by V's policy are correct, except: A The HO-2 covers losses to the dwelling on an open perils basis B The HO-2 insures other structures against the Broad Form named perils C The HO-2 pays for losses to other structures on a replacement cost basis D The HO-2 insures owner-occupied dwellings
The HO-2 covers losses to the dwelling on an open perils basis
If glass that is part of an insured dwelling is broken, a Special Form Homeowners policy will cover the loss under all of the following circumstances, except: A The dwelling has been unoccupied for 90 consecutive days B A falling tree is the cause of loss C The dwelling has been vacant for 70 consecutive days D An earthquake is the proximate cause of loss
The dwelling has been vacant for 70 consecutive days
Which of the following best describes coverage options an insured has when an Earthquake Endorsement is attached to an HO-3 policy? A The insured may add coverage for flood damage caused by an earthquake B The insured may opt in to coverage for exterior masonry veneer C The insured may add coverage for losses resulting from volcanic eruption D The insured may opt in to coverage for the cost of filling land
The insured may opt in to coverage for exterior masonry veneer
Homeowners policies would cover all of the following theft losses, except: A Electronics stolen from the dwelling by a burglar B The insured's trailer stolen from their detached garage C A 19-year-old insured's personal property stolen from their dorm room D The insured's camper stolen from an off-premises campsite
The insured's camper stolen from an off-premises campsite
Which of the following would NOT be an insured under Section II of the Homeowners policy? A Any person legally responsible for watercraft owned by an insured B Members of the family under the age of 24 living at school away from the home C Relatives of the named insured, meaning they are related by blood, marriage, or adoption D The insured's tenant
The insured's tenant
H insures a single-family home on a Homeowners policy. All of the following are covered under Coverage A of the policy, except: A H's dwelling, located on the residence premises B The land on which the dwelling is located C Lumber in H's yard being used to build a deck off the kitchen D H's attached porch
The land on which the dwelling is located
A mobile home owned and occupied by G is insured on a Broad Form Homeowners policy with the Mobile Home Endorsement. In the event of a covered loss, all of the following property is covered under Coverage A of the policy, except: A Structures attached to the mobile home B Utility tanks C Permanently installed appliances and cabinets D The land on which the mobile home is located
The land on which the mobile home is located
Homeowners policies would not cover which of the following losses? A Theft of a firearm the insured owns B Theft of a camper parked in the insured's driveway C Theft of personal effects from a self-storage facility D Theft of building materials from the dwelling while it is under construction
Theft of building materials from the dwelling while it is under construction
Under Coverage C special limits of liability, Homeowners policies cover: A Fire loss to money up to $500 B Theft of guns up to $3,000 C Theft of furs and jewelry up to $1,500 D Fire loss to watercraft up to $2,500
Theft of furs and jewelry up to $1,500
Under a Homeowners policy, medical payments coverage will apply to medical expenses incurred after an accident within: A Three years B One year C Four years D Two years
Three years
All of the following perils are excluded by Homeowners policies, except: A Neglecting to save property at the time of loss B Damage caused by radiation C Expenses incurred to respond to pollutants, by order of a local ordinance D Unintentional loss
Unintentional loss
Coverage C on the HO-3 would cover which of the following losses? A Damage to furniture caused by wild animals B Lightning damage to a structure held for rental to tenants as a private garage C Fire loss to the personal property of a boarder who is not related to the insured D Vandalism loss to property the insured borrows from a neighbor
Vandalism loss to property the insured borrows from a neighbor
Coverage C on the HO-3 would cover which of the following losses? A Lightning damage to a structure held for rental to tenants as a private garage B Vandalism loss to property the insured borrows from a neighbor C Fire loss to the personal property of a boarder who is not related to the insured D Damage to furniture caused by wild animals
Vandalism loss to property the insured borrows from a neighbor
After an accident at an insured's home that results in bodily injury to a guest, the insured's Homeowners policy requires the insured to do all of the following, except: A Promptly forward to the insurer any legal documents related to the accident B Aid the insurer in taking the case to court, at the insurer's request C Provide written notice of the accident to the insurer as soon as practical D Voluntarily make payments toward the guest's medical expenses
Voluntarily make payments toward the guest's medical expenses
As defined by Homeowners policies, a business include all of the following, except: A Part-time occupation B Full-time profession C Volunteer activity D Trade
Volunteer activity
Under the Subrogation condition of a Special Form Homeowners policy, the insured may: A Waive their rights of recovery prior to a loss B Waive their rights of recovery with the insurer's verbal consent C Waive their rights of recovery after the loss occurs D Not waive their rights of recovery at any time
Waive their rights of recovery prior to a loss
The insurer's duty to defend the insured, as provided by Section II of a Homeowners policy, ends: A If the claim is groundless B If the insured becomes bankrupt or insolvent C When the damages awarded against the insured exhaust the personal liability limit D When the insured admits they were negligent
When the damages awarded against the insured exhaust the personal liability limit
