Homeowners Policy

Question 1

How much is the max. coverage for theft of any one tree, shrub, or plant on the HO policy?

Answer 1

$500

Question 2

True or False: Common building structures item is included on the HO-6 Condo Unit Owners form.

Answer 2

False

Question 3

Off-premises coverage for property regularly off the premises under Coverage C is _______.

Answer 3

10% of Coverage C or $1,000 (whichever is greater)

Question 4

A client has an HO-3 policy on dwelling where is in the process of moving out. Contents moved to the new residence automatically are covered by the old policy for _______ days.

Answer 4

30 days

Question 5

Inflation Guard

Answer 5

Coverage A Dwelling and B Other Structures on the HO policy are auto adjusted at the renewal to keep with the increasing inflation costs.

Question 6

True or False: An HO policy does NOT cover liability for loading or unloading of a motor vehicle

Answer 6

True

Question 7

Under all HO forms, coverage for damage caused by vandals is suspended if the dwelling has been vacant for more than ______ days.

Answer 7

60 days

Question 8

On an HO policy, personal property used for business purpose is covered for ___________.

Answer 8

Up to $2,500 on the premises and $1500 off the premises

Question 9

The owner-occupant of a condo unit would purchase which HO form?

Answer 9

HO-6