Homeowners Insurance - Module C

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$37,500

A standard Homeowners policy has been issued to cover a one-family structure with a coverage limit of $75,000 on the dwelling (Coverage A). What is the automatic amount of insurance coverage on personal property (Coverage C)?

$75,000

A standard homeowners policy has been issued with a $300,000 limit to cover a four-family dwelling. What is the automatic amount that will be provided for Coverage C?

D

All of the following items have a special limit of liability for Coverage C of the Homeowners forms, EXCEPT: (A) Watercraft (B) Securities (C) Gold (D) Outdoor furniture

$37,500

An insured is covered under an HO-2 form with a Coverage A limit of $125,000 and a coverage C limit of $65,000. What amount will automatically be provided for coverage D?

Coverage D

An insured suffers a partial fire loss to his residence. Under an HO-3 policy what insuring agreement is available to pay for temporary, alternative living quarters?

$1,500

Blake is covered by a homeowners policy with a $50,000 Coverage C limit. Disregarding any deductibles, what is the most Blake can collect if his $1,500 boat is stole from the insured premises?

Isabelle will receive 50% of the Coverage C limit she selected when she purchased the policy.

Isabelle is covered under a standard HO-6 form and must vacate her condominium because an adjacent unit has suffered extensive fire damage. Isabelle will need to collect additional living expenses from Coverage D of her HO-6 form. How will this amount be calculated?

$760,000

Jeremy's home is valued at $950,000. How much insurance does he need to carry on his home, in order to comply with the coinsurance requirement of a Homeowners insurance policy?

$10,000

Mary has insured her one-family home under an HO-3 form with a Coverage A limit of $100,000. If she suffered a $100,000 loss to her covered dwelling, how much coverage would be provided under Coverage B for her unattached garage on the premises?

10% of the Coverage C limit or $1,000, whichever amount is larger

Personal property normally kept at other residences owned or rented to the insured is covered under the Homeowners forms for:

The policy will pay the loss less the deductible

The insured is wearing a diamond ring while on vacation in Europe. Her ring is valued at $1,500 is stolen. What coverage would apply under her homeowners policy?

$500

The standard deductible in Section 1 of the Homeowners forms is:

Is set at 50% of Coverage A

Under a standard HO-3, the limit for Coverage C -- Personal Property for a one or two-family dwelling:

$7,500

When an HO-3 is issued with a $75,000 Coverage A Limit on a one-family dwelling, what is the automatic amount of insurance for Coverage B?

A separate building on the insured premises used for business.

Which of the following would NOT be covered under Coverage B of the Homeowners forms?


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