Chapters 4-6 Flashcards
Which of the following are eligible to be insured under a Dwelling Policy?
Dwellings with any type of business in them
Farms
Dwellings used for incidental business
Mobile homes on wheels
Dwellings used for incidental business
Under which form is the Coverage B limit included in the overall policy limit
represented by Coverage A?
DP-1
Under Coverage C of the Special Dwelling Form, all of the following are
included,except:
At the insured’s option, property of guests and servants
Pets belonging to the insured
Household and personal property
Property of others that is in the care, custody, and control of the insured
Pets belonging to the insured
The DP-3 insures personal property against the same perils as:
DP-2
Which of the following istrueregarding coverage of trees, shrubs or plants
under the Dwelling policies?
All vehicle damage to trees, shrubs, or plants is covered
The Limit of Liability is $1,000 for any tree, shrub, or plant
Damage to plants by wind, hail, weight of ice, snow or sleet is not covered
Theft of shrubs and plants is covered
Damage to plants by wind, hail, weight of ice, snow or sleet is not covered
The Basic (DP-1) Dwelling Form doesnotinclude which coverage?
Worldwide coverage on personal property with a limit up to 10% of Coverage
Additional living expenses
Property removed to a newly acquired residence
Fair rental value
Additional living expenses
Which of the following losses would be covered under all dwelling forms?
Damage caused by subsidence of land the dwelling is sitting on
Fire damage to building materials and supplies located on insured premises
Damage caused by a sewer or drain backup
Collapse due to settling
Fire damage to building materials and supplies located on insured premises
A tenant rents a detached garage. Premises insured under DP-3 with CVG
A limit of $100k. How much is garage insured for?
$10,000 - because the garage would be insured under Coverage B, which is 10% of the full coverage limit ($100k).
True or False: Home Day Care Coverage Endorsement to the Homeowners Policy extends
Section II coverages to the insured’s home day care
True
All of the following are considered an insured under a Homeowners Policy, except
Any person legally responsible for animals owned by an insured
Persons under age 21 who are residents of the household
Relatives who are residents of the household
A 30-year-old friend living at the insured premises
Any person legally responsible for animals owned by an insured
Under a Homeowners policy, Coverage B is what percentage of Coverage A?
10%
What is the limit of insurance available under an HO-3 policy for a tree totally damaged in a hail storm?
$0! Damage from hail, winds, ice are excluded.
Under a Homeowners Policy, Coverage A includes coverage for
…the dwelling on premises plus structures that are attached to the dwelling
Which of the following is not covered under Coverage A of the Homeowners Policy?
Structures that are attached to the dwelling
The dwelling on the residence premises
Materials located on the residence premises used to repair the dwelling
The land on which the dwelling is located
The land on which the dwelling is located
Which person is not a covered resident under the Homeowners Policy?
A 22-year-old son enrolled in school full time away from home
The insured’s tenant
A 20-year-old exchange student who is a resident of the household
The insured’s spouse
The insured’s tenant
