Chapter 4 - Homeowners - Selected Endorsements

Question 1

Automatic increase in insurance endorsement (AKA inflation guard endorsement) automatically increases coverage on a pro rat basis, typically a specified_____ stated on policy per year.

Answer 1

percentage

Question 2

Broad theft coverage - only available for ______ ______ with no VMM if vacant 60+ days

Answer 2

owner occupied

Question 3

Limited theft coverage only available for _____ occupied

Answer 3

tenant

Question 4

Dwelling under construction - limit of liability for cov A is based on value at completion, coverage is _________ to amount completed at time of loss

Answer 4

proportionate

Question 5

Personal liability supplement - Personal liability is coverage ____

Answer 5

L, 100

Question 6

Personal liability supplement - medical payments to others is coverage ____, standard is $___K per occurrence

Answer 6

M, 1

Question 7

Personal liability supplement excludes: intended injury, _____/professional services, war, communicable diseases, sexual molestation, corporal punishment, physical/mental abuse and controlled substance

Answer 7

business