The amount an insurer will pay under Coverage D, Loss of Use, depends on
The amount of coverage on the dwelling
First aid costs for others injured on the insured's premises
Are paid in addition to the liability limit
An insured runs a day care in her home. She has purchased the home day care endorsement under her homeowners policy. What's covered?
A child trips over a toy in the driveway, cuts her knee and requires stitches
Who is covered by an HO-4 policy?
Tenants
The Business Pursuits endorsement under Section II of a homeowners policy will cover all of the following EXCEPT
Business liability
Which of the following endorsements is used to insure Coverage C, personal property for values beyound the limitations of the homeowners policy?
Scheduled personal property endorsement
The insured with a homeowners policy has had damage to his property caused by a volcano. Which of the following is true?
All volcanic eruptions within 72 hour period will be considered one occurrence
Several insureds have become liable because of a single loss. How will the policy's limit of liability be affected?
No more than the per occurrence limit applies, no matter how many insureds are involved
Which of the following losses would NOT be covered by a homeowners policy?
A coin collection valued at $500 lost in a fire, no more than $200 for coins
An insured has a personal property replacement cost endorsement. If an expensive painting is stolen, what will the insured receive?
Nothing, excludes art and antiques
Which of the following best describes liberalization clause in a policy?
Changes that broadens coverage
Which of the following would NOT be considered an insured under a homeowners policy?
A divorced spouse living in another state
In earthquake coverage provided by endorsement in a homeowners form, one or more earthquake shocks would be considered a single earthquake in what time period?
72 hours
Losses that result from the freezing of a plumbing system while the dwelling is vacant would be EXCLUDED unless
The insured had drained the plumbing system
If the insured owns a watch valued at $10,000, full coverage can be provided on a homeowners policy by purchasing the
Scheduled personal property endorsement
Which of the following losses would be covered by an unendorsed homeowners policy?
Fire or lightning
An insured couple owns a pontoon boat. Which situation would NOT be covered by their watercraft endorsement under their homeowners policy?
A friend rents their boat and runs it into a neighbor's dock
When is liability coverage included in a homeowners policy?
It is included automatically
Under Coverage C of a homeowners policy, the amount of insurance provided to cover personal property of the insured is
50% of the amount provided as Coverage A
An insured with a homeowners policy has removed property from the insured location. It applies for
30 days
Coverage F, medical payments under a homeowners policy would cover
A residence employee who is injured on the job
Which of the following could be covered by an HO policy?
An oriental rug in an on-premises apartment
All of the following are additional liability coverages automatically provided in a homeowners policy EXCEPT
Personal injury
Which of the following homeowners forms is designed for individuals that own and reside in a condominium?
HO-6
An insured has a homeowners policy and is required to be a member of the homeowners association in her neighborhood. It burned down and assessed $1200. How much?
$1,000
Limited fungi, wet or dry rot or bacteria endorsement in HO policies applies to
Property and liability losses
Which policy condition in HO policies states that insurance applies separately to each insured?
Severability of insurance
Which of the following claims does NOT fall under the scope of liability coverage of Section II of HO policy?
The named insured is borrowing a friend's jacket which is later damaged
How much is covered for debris removal under the HO property additional coverages?
All reasonable costs
Under the HO-4 and HO-6 homeowners policy forms, property is insured against
Broad form perils
Damage to insured property caused by earth movement or earthquake is covered under which of the following HO forms?
None
Which of the following HO endorsements covers liability exposures arising from an incidental business conducted within a building on the residence premises?
Permitted incidental occupancies
Which of the following coverages is included in an unendorsed HO policy?
Medical payments to others
Which of the following examples of losses paid under an HO-3 also would be paid under an HO-2 HO policy?
Damage to the dwelling caused by lava or dust from a volcanic eruption
The contents coverage on a HO policy would pay how much after the loss of one of a pair of golden candlesticks?
The difference in the actual cash value as a pair and as a single
According to the loss payment condition in HO policies, losses must be paid within how many days of the insurer receiving proof of loss?
60 days
Homeowners policies provide coverage for
Business property while on the residence premises
The main difference between an HO-4 and an HO-6 is
HO-6 provides limited dwelling coverage as well as contents coverage
How much coverage is provided under a HO policy for theft or unauthorized use of a credit card?
$500
While cutting grass in your yard with your brother's borrowed lawnmower, the fuel line ruptures and the lawnmower is destroyed in the fire. How will your HO liability react?
It will cover the damage