Homeowners Sec 2

Question 1

HO personal liab. limit

Answer 1

$100,000

Question 2

Legal payments are ____ to the limit of liab

Answer 2

Additional

Question 3

Med pay is good for ___ years

Answer 3

3

Question 4

Med pay min coverage

Answer 4

$1,000

Question 5

Coverage for Inboard/Outboard

Answer 5

LESS THAN 50hp

Question 6

Coverage for Outboard

Answer 6

LESS THAN 25hp

Question 7

Coverage for Sailboat

Answer 7

SMALLER than 25ft

Question 8

Age of a minor for HO BI and PD

Answer 8

Younger than 21

Question 9

Claims Expense ($)

Answer 9

$250 per day

Question 10

First Aid Expense ($) HO

Answer 10

All incurred via BI

Question 11

Damage to Property of Others ($)

Answer 11

$1,000 per occurrence

Question 12

Loss Assessment ($)

Answer 12

$1,000

Question 13

Personal Article Floater Endorsement

Answer 13

More mobile property (coins, jewelry, computers)

Question 14

Personal Injury Endorsement: what changes. Name acts (6)

Answer 14

Changes BI to PI
1. False arrest, detention or imprisonment;

2. Malicious prosecution;
3. Libel, slander or defamation of character;
4. Invasion of privacy;
5. Wrongful eviction;
6. Wrongful entry.

*NOT SEXUAL HARASSMENT

Question 15

Personal Property Endorsement

Answer 15

Appliances & Furniture (Replacement Cost) may use coverage C 50-70%

Question 16

Permitted Incidental Occupancies Endorsement

Answer 16

Small business

Question 17

Watercraft Endorsement

Answer 17

BI and PD from boat with 25+hp and sailboat larger than 25ft

Question 18

Watercraft Endorsement DOES NOT COVER (3)

Answer 18

1.Vessels used for racing
2. Using the vessel as a taxi or rental boat
3. Coverage to the insured’s employee for the operation or maintenance

Question 19

Water Back-up and Sump Discharge or Overflow Endorsement (pay & deductible)

Answer 19

This endorsement pays up to $5,000
This endorsement has a $250 per occurrence deductible.

Question 20

Refrigerated Property Endorsement (pay & deductible)

Answer 20

Pay: $500
Deductible: $100

Question 21

Absolute Windstorm or Hail Exclusion

Answer 21

Windstorm or hail are excluded on all HO Forms.

Question 22

Losses due to Fungi

Answer 22

The policy will pay up to $5,000

Question 23

Home Day Care Business – Liability Exclusions: coverage on personal property used on the residence premises

Answer 23

$2,500

Question 24

Home Day Care Business – Liability Exclusions: coverage on property away from the premises

Answer 24

$1,500