Personal Lines-Homeowners Policy (HO)

Question 1

Insured

Answer 1

the named insured and residents of the premises

Question 2

Insured location

Answer 2

the residence premises, newly acquired premises for use as a residence, temporary living premises, land owned or rented by the insured, or cemetery plots

Question 3

Coverage Forms
HO-2 Broad

Answer 3

covers dwelling and personal property for broad perils

Question 4

Coverage Forms
HO-3 Special

Answer 4

protects dwelling and other structures for open perils, and personal property for broad perils

Question 5

Coverage Forms
HO-4 Contents

Answer 5

protects personal property for broad perils

Question 6

Coverage Forms
HO-5 Comprehensive

Answer 6

covers dwelling and other structures for open perils

Question 7

Coverage Forms
HO-6 Condominium unit owners

Answer 7

covers personal property for broad perils

Question 8

Coverage Forms
HO-8 Modified coverage

Answer 8

dwelling and personal property for basic perils

Question 9

Section 1- Property Coverages:
Coverage A- Dwelling

Answer 9

dwellings, attached structures, and materials and supplies; available up to specified limits in all forms EXCEPT HO-4

Question 10

Section 1- Property Coverages:
Coverage B- Other Structures

Answer 10

structures on residence premises separated from the dwelling; available on all forms EXCEPT HO-4 and HO-6

Question 11

Section 1- Property Coverages:
Coverage C- Personal Property

Answer 11

personal property of the insured and others, property located at another residence premises, and worldwide coverage; available in all HO forms

Question 12

Section 1- Property Coverages:
Coverage D- Loss of Use

Answer 12

additional living expenses due to a covered loss; available up to a specified limit in all HO form

Question 13

Additional Property Coverages
(without additional premium)

Answer 13

-collapse
-debris removal
-fire department service charge
-glass or safety glazing material
-grave markers
-landlord’s furnishings
-lawns, plants, shrubs, and trees
-loss assessment
-ordinance or law
-property removal
-reasonable repairs

Question 14

Section 2- Liability Coverages
Coverage E-Personal Liability

Answer 14

legal liability for negligence resulting in bodily injury and property damage

Question 15

Section 2- Liability Coverages
Coverage F-Medical Payments to Others

Answer 15

medical expenses within 3 years of an accident; no-fault coverage

Question 16

Additional Liability Coverages
(without additional premium)

Answer 16

-claims expense
-damage to property of others
-first aid to others
-loss assessment

Question 17

Exclusions

Answer 17

-ordinance or law (unless provided as Additional Coverage)
-Earth movement
-Water
-Power failure
-Neglect
-War and nuclear hazard
-Intentional acts
-Government action

Question 18

Know this

Answer 18

HO policies are designed to cover dwellings used primarily as private homes.

Most HO forms provide building coverage on a replacement cost basis, but HO-8 provides coverage based on an actual cash value (ACV)