Homeowners Property Coverages

Question 1

Coverage A-Dwelling

*Provided in every form except HO-4

Answer 1

Dwelling and premises; must be used primarily for residential or dwelling purposes

Question 2

Coverage B- Other Structures

Answer 2

Separate structures at the same location, such as detached garages and other outbuildings

Question 3

Coverage C - Personal Property

*Most notable change in coverage from the dwelling property policy

Answer 3

Can be purchased to insure personal property common to a residence

Question 4

Coverage C in HO forms is divided into what 4 categories:

Answer 4

• Covered Property
• Limit for property at other residences
• Special limits of liability
• Property not covered

Question 5

Coverage D - Loss of Use (Fair Rental Value)

Answer 5

Applies if property under Coverage A, B or C becomes damaged or destroyed

Question 6

Coverage E - Additional Living Expenses

Answer 6

Only available if broad or special form dwelling coverage is written.

Question 7

Section II Liability Coverages:
Coverage E - Personal Liability
Coverage F - Medical Payments to Others

Answer 7

E- $100,000 Basic Limit of Liability

F- Coverage does not apply to the policyholder or regular residents

Question 8

Additional Coverages for additional premium

Answer 8

• Claims Expense
• First Aid to others
• Damage to the property of others
• Loss assessment coverage

Question 9

Volcanic Eruption Period

Answer 9

All volcanic eruptions that take place within 72-hour period will be considered one event

Question 10

Cancellation - If insurer cancels coverage, must send written 10 day advanced notice