Property

Question 1

The most a HO policy will pay for a liability slip and fall claim under section II of the policy is:

Answer 1

$25,000

Question 2

Section II of the HO policy covers:

Answer 2

Medical Payments

Question 3

The HO forms do not include a special limit for:

Answer 3

Clothing

Question 4

While on vacation, an insured suffered a fire loss to his personal property which he had taken with him on the vacation. His DP-3 will cover this loss in which manner?

Answer 4

The loss will not be covered

Question 5

A Dwelling policy may be used if the structure has a maximum of how many boarders?

Answer 5

5

Question 6

What does Section I of the HO NOT cover?

Answer 6

Bodily Injury Liability

Question 7

Acts of the homeowner’s dog are covered by what section of the homeowner policy

Answer 7

Section II

Question 8

What HO coverage does not have a deductible?

Answer 8

Personal Liability

Question 9

Size a home has to be

Answer 9

10 feet wide and 40 feet long; 400 square feet

Question 10

Under Section II of the HO policy, Med Pay will cover a claim:

Answer 10

Regardless of liability

Question 11

Which policy provides special coverage on the dwelling and broad form coverage on personal property?

Answer 11

HO-3

Question 12

In the evenings, Nancy runs a baby-sitting service in her home. She cheerfully babysits neighborhood kids because she loves the kiddies. She never charges for this service. If a child is injured in her home, Nancy’s HO policy’s Section II coverage limit for such a claim is:

Answer 12

100,000

Question 13

The HO policy which provides the best coverage for an owner who occupies a single-family home is the:

Answer 13

HO-5

Question 14

Which provides the broadest coverage for the dwelling and contents?

Answer 14

HO-3

Question 15

Four trees valued at $200, $500, $700 and $800 were destroyed by fire. The HO-5 will cover this loss to a total of:

Answer 15

$1700

Question 16

The HO-5 policy provides:

Answer 16

both Coverage E (Personal Liability) and Coverage F (Medical Payments)

Question 17

The wind blows the Insured’s tree over, resulting in damage to the Insured’s home and car. The Insured’s HO-3 will cover the damage to the Insured:

Answer 17

Home

Question 18

While at the lake, my boat could be destroyed by fire, striking another boat, lightning, sinking, etc. If the boat is destroyed, my HO Insurer will pay a maximum of:

Answer 18

The policy limit

Question 19

If the insured’s dog bites a jogger, the HO will pay a maximum of defense costs plus:

Answer 19

$100,000

Question 20

Which Homeowners policy is used when the cost to rebuild the home would cost more than the market value of the home?

Answer 20

HO-8

Question 21

The HO’s Supplementary (Additional) Payments pays:

Answer 21

In addition to the limits of liability

Question 22

Which of the following boats owned by the Insured would be covered under the Insured’s Homeowners policy?

Answer 22

a boat with a 20 horsepower outboard engine

Question 23

A Mobile Home policy covers a detached garage:

Answer 23

to 10% of A (with at least $2,000 coverage)