Chapter 5(Homeowner) Review Flashcards
(29 cards)
Which of the following is
considered an
additional coverage?
A. Money - $200
B. Fire department service charge - $500
C. Jewelry and furs – theft - $1500
D. Coverage for a detached garage – 10% of A
B. Fire department service charge - $500
All of the following would NOT be covered
under the property portion of the
Homeowner policy, EXCEPT:
A. Clothing belonging to a boarder
B. A lawnmower borrowed from a neighbor
C. A 26 foot sailboat
D. The insured’s pet bird, fish and dog
C. A 26 foot sailboat
What type of loss
is loss of rental
income?
Indirect Loss
The mobile home endorsement
will cover all of the following
except:
A. The cost to replace the front door of the mobile home
B. The cost to replace personal property of the mobile
home
C. The cost to replace other structures of the mobile
home
D. The cost to move the mobile home to a new location
should the owner want to move
D. The cost to move the mobile home to a new location
should the owner want to move
Someone drives into the insured’s
home with their vehicle. They do not
have auto insurance. Which
coverage on the HO-2 would cover
the damage to the insured’s home?
A. Coverage A
B. Coverage D
C. Coverage B
D. Coverage C
A. Coverage A
Through the Appraisal Clause,
which entity pays the cost of
hiring the umpire?
A. It is shared by the insured and the
insurance company
B. The insured
C. The insurance company
D. The court
A. It is shared by the insured and the
insurance company
What coverage on the
home policy will
provide liability when
your pets cause injury
or damage?
Section II; Coverage E
Liability
What is the special limit
for securities?
$1,500
The name for the
procedure that is used to
resolve a disagreement
between the insured and
the insurer?
The Appraisal Clause
A neighbor’s brushfire is out of
control and burns down your garage.
You put in a Homeowner claim. The
claim gets paid by the HO company
who then sues your neighbor to
recover the loss.
This is an example of:
Subrogation
Which of the following does
NOT have a special limit for
theft?
A. Leather Coats
B. Fur Coats
C. Jewelry
D. Firearms
A. Leather Coats
Which of the following would
NOT be covered by a
homeowner policy?
A. 3rd party bodily injury at the insured’s home
B. First aid provided to an insured
C. Intentional acts of an insured minor under
the age of 13 to others
D. Theft of the property of others in the
insured’s possession
B. First aid provided to an insured
Which WOULD be covered by the
liability section of a homeowner’s
policy?
A. Your dog bites a hole into your screen door and you
buy a new door at Home Depot
B. Your child trips and falls on a vacant lot and needs
stitches
C. Your 12 year old takes the car and hits a neighbor,
now you neighbor wants you to pay for the medical bills
due to the accident
D. Your 10 year old strikes a neighbor and the neighbor
needs stitches and wants you to pay for the Dr. bills
D. Your 10 year old strikes a neighbor and the neighbor
needs stitches and wants you to pay for the Dr. bills
Which of the following causes
of loss would NOT be covered
by an HO-8 Basic Form?
A. Hail damage to the roof of the home following a hail
storm
B. An aircraft’s wing breaks off mid flight and damages
the siding of the home
C. An explosion in the neighborhood when a neighbor
forgets to turn the gas off to one of their appliances and
damages the insured’s home
D. A crystal chandelier falls due to inadequate
installation and breaks
D. A crystal chandelier falls due to inadequate
installation and breaks
A building that has no
occupants or not enough
contents to live:
VACANT
The amount of lost earnings paid
to the insured when work is
missed to testify during a
homeowners trial
$250
($200 for auto)
Felonious taking of
property with
signs of forced entry or
exit
A. Burglary
B. Robbery
C. Theft
D. Mysterious Disappearance
A. Burglary
An insured’s home is a total loss
and does not want to rebuild.
How would the mortgagee
collect?
A. Take legal action against the
insurance company
B. Submit a proof of loss
C. Nothing, they can not collect
D. Obtain an attorney
B. Submit a proof of loss
Which of the following is
NOT covered by
Coverage A on a HO-2
policy?
A. Kitchen cabinets
B. Central air
C. Wall to wall carpeting
D. Furniture
D. Furniture
What is the standard
limit on Coverage E?
Personal liability
$100,000 per
occurrence
All of the following are true
EXCEPT:
A. When a loss occurs an insured must give the
insurance company prompt notice
B. When a theft occurs an insured must notify
the police
C. When a loss occurs the insured should protect
the property from further loss
D. When a loss occurs the insured should hire an
appraiser immediately
D. When a loss occurs the insured should hire an
appraiser immediately
What coverage
applies to
furniture?
Coverage C
Which of the following is covered by
a broad cause of loss form but is
NOT covered by a basic cause of
loss form?
A. Vandalism to the walls and floors
B. Theft of the owners television
C. Damage to the insured’s home from a riot
after the World Series
D. Collapse of the walls in the kitchen due to
termites
D. Collapse of the walls in the kitchen due to termites
Which of the following
coverages will NOT have a
deductible?
A. Personal property
B. Other structures
C. Liability
D. Dwelling
C. Liability
