Eligibility Flashcards
Provides coverage for both property & liability insurance at the same time
Multi-Line Policy
Which homeowner forms provide all 6 coverages? (A-F)
2, 3, 5, 8
Which coverages are provided by forms HO-4 & HO-6?
Coverages C-F
All homeowner forms OTHER THAN ____ & ____ require the insured to be the owner-occupant of the dwelling
HO-4 & HO-6
The HO-4 & HO-6 forms insure ____ & ____ of the insured who doesn’t own the building he/she lives in
Personal property & personal liability
The HO-4 is designed for ____
Tenants of residential units
The HO-6 is designed for ____
Owners & tenants of condos
Eligible residential dwellings contain ____ residential units & no more than ____ roomers per family
1-4, 2
The HO-2 form does NOT provide coverage for a ____, ____ or ____ caused by a vehicle owned by the insured
Fence, driveway, walkway
In the HO-3 form, the dwelling is insured on a ____ basis & losses are valued on a ____ basis
Open peril; replacement value
The burden of proof for losses to the dwelling fall on ____
The Insured
What is the only difference between an HO-2 & HO-3 form?
The perils that the dwelling are insured against
Under the HO-2, HO-3 & HO-4 forms, personal property losses are valued on a ____ basis
Actual cash value
Which form provides the broadest coverage?
HO-5
True or False
HO-3 provides coverage on an open peril basis
False
only named perils
