Home Owners Policy

Question 1

Coverage A

Answer 1

Dwelling

Question 2

Coverage B

Answer 2

Other Structures

Question 3

Coverage C

Answer 3

Personal Property / Contents

Question 4

Coverage D

Answer 4

Loss of Use

Question 5

HO Forms in order of coverage

Answer 5

1 8 2 3 5 4 6

Question 6

Coverage E

Answer 6

Personal Liability

Question 7

Coverage F

Answer 7

Medical Payments to Others

Question 8

Memory device for types of coverage in HO forms

Answer 8

basic basic - broad broad - special broad - special special - nothing broad - 1000 broad

Question 9

All HO forms cover which peril automatically?

Answer 9

Theft

Question 10

Homeowners pay for losses to your property ONLY if the loss is caused by a covered peril

Answer 10

Cause of Loss

Question 11

Dwellings and Other Structures are insured on a Replacement Cost Basis only if the buildings are insured for what % of Replacement Cost?

Answer 11

80%

Question 12

Detached garage, outbuildings, tool sheds, towers, swimming pools, satellite dishes, fences

Answer 12

Other Structures

Question 13

Where is personal property insured?

Answer 13

Everywhere in the world

Question 14

HO-4

Answer 14

Apartments

Question 15

HO-6

Answer 15

Condos

Question 16

When does a home owners liability coverage pay?

Answer 16

When the actions of the insured lead to the BI or PD to someone else’s property

Question 17

What does liability never cover?

Answer 17

Intentional acts

Question 18

Examples of “Better covered elsewhere”

Answer 18

cars, boats, airplanes

Question 19

Homeowners Liability can pay for what types of losses?

Answer 19

direct, indirect

Question 20

Homeowners liability covers exposure to who?

Answer 20

Named insured and relatives

Question 21

Homeowners Policies covers medical bills to who?

Answer 21

“The other guy”

Question 22

Does Medical Payments cover indirect losses?

Answer 22

No

Question 23

HO Medical Payments will pay for losses filed within how many years of occurrence?

Answer 23

3 years

Question 24

Medical Payments pays without regard to….

Answer 24

Fault