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Property part II
types Property part II
| Question | Answer |
|---|---|
| In the Home owners forms | *the property coverage varies in each form *The liability coverage is the same in each form |
| Which of the following perils are covered in all of the Homeowners form? | *fire *vandalism *Theft |
| in a Homeowner desires the maximum protection for home and contents, which form should be purchased? | HO-5 |
| Which of the following losses would not be recoverable under the liability coverage of the homeowners policy? | the named of the insured's son damages the family's garage with his car |
| If insured carriers an amount of insurance on his home equal to at least 80% of the replacement cost of the dwelling, then what is the rule of indemnification which applies if the home is destroyed? | The insured may be indemnified for the replacement value of the property, up to the policy limits |
| of the four coverage's provided under section I of the homeowners policy, which one provides coverage against indirect loss? | Coverage D loss of use |
| Under the Homeowners policy, which of the following classes of personal property have special limits for theft losses, but not other type of losses | *firearm 25k *silverware 25k *jewelry 15k |
| Lighting damages several valuable trees on the insured property, this loss is | covered for up to 5% of the coverage A limit or a maximum of $500 per tree in all homeowners forms |
| Which personal Inland Marine form provides open peril coverage on a blanket basis for most kinds of property found in a typical home? | personal articles floater |
| which of the following losses would be covered by a flood policy? | Heavy rains cause a lake to overflow and flood the basement and first floor of the house |
| Flood insurance | Must be purchased from the federal government or private companies who are reimbursed for losses by the goverment |
| which of the following is not a category of the nationwide marine definition | excess liability |
| the inland marine transportation form used to insure a carrier's liability for damage to cargo it is transporting is the | motor truck cargo policy |
| An inland marine bailee's customer policy reimburses the bailee | for any loss to customers' property due to a peril insured against, regardless of the whether the insured is liable for the damage |
Created by:
juanjd12
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