Quiz 2

Under Section II liability in a Homeowners policy a 30 foot boat would?

Automatically covered out of the water and covered in the water if the insured purchased the watercraft endorsement

Which of the following would not be included in coverage A dwelling in a dwelling policy

A toolshed on premises the insured uses to keep a lawnmower

The business pursuits endorsement adds what kind of coverage

liability only

Which of the following statements is true when comparing an HO-2 to an HO-3

ho2 provides named peril coverage on the building and ho3 gives open peril coverage on the building

Which of the following is not an exclusion found in the property section of an HO-3 policy

Damage done by a raccoon

The renter in an apartment with by which homeowners policy

ho-4

Which of the following would not be covered under an HO-2

Your five-year-old spray paints the walls

Someone owns a duplex and rents it out, which of the following policies would they buy

dwelling policy

Which of the following losses would be covered under a homeowners policy

vandalism to a house that has been vacant for 20 consecutive days

Which would NOT be covered under Section II Liability in a Homeowners policy?

Bodily injury to a family member who resides in the household

If a husband and wife are insured under a homeowners policy and one of the spouse moves out, how long would they be automatically covered?

90 days

The owner of a condominium would buy which homeowners policy

ho-6

A house has a replacement cost value of $150,000 what is the minimum amount of coverage A Dwelling that would need to be purchased in order to have a claim paid on a replacement cost basis

120,000

Which of the following is covered under an unendorsed DP-3 policy

Theft of the front door

Which of the following would not be covered under a scheduled personal property endorsement

money

What liability endorsement would be purchased for a dwelling policy if it was owner occupied?

the personal liability endorsement

Which of the following is not excluded under Section II liability in a homeowners policy

Someone injured by a 15 foot motorboat stored in your garage

Which of the following is not excluded under an HO-3

your 5 year old spray paints the walls

What endorsement provides specific limits for listed property

personal property endorsement

Coverage F medical payments to others in a homeowner's policy will not pay for which of the following

pain and suffering

The limited theft endorsement found in a dwelling policy covers which of the following

Theft of the insured property on the premises only

Which of the following best describes the definition of a "name insured" in a homeowner's policy

the person named on the declaration

Under Section II liability in a Homeowners policy which of the following would be an insured location?

any premises where the insured is temporarily residing

What is the minimum form of dwelling policy necessary to cover the peril of falling objects

dp-2

Fire, lightning and removal plus extended coverages describes which dwelling policy

dp-1

Under a DP-2 policy which of the following water losses would not be covered

flood

How are the coverages provided on an HO-3 for coverages A, B and C

Open peril for A and B with named peril for C

Which of the following is an " Insured Location" under a homeowners policy

cemetery plot

Which of the following perils would be covered on a DP-2 and not on a DP-1

weight of ice, snow, and sleet

Which provision in the homeowners policy allows the insurer to void the policy

concealment or fraud

Under the Pair and Set loss provision how would a loss be paid?

Value of the set before the loss minus the value of the set after the loss at ACV

What is the limit for coverage L personal liability in a DP policy

100,000 per occurrence

Which of the following does not require legal liability in order to be paid

medical payments

Which of the following would not be covered under Coverage D Loss of Use

ordinance or law

Which of the following is an endorsement that can be purchased for a homeowner's policy

earthquake

Which of the following meets the definition of business under a homeowners policy

trade, profession, or occupation engaged in either a full-time or part-time basis

The claims defense coverage found in the liability section of a homeowner's policy does not pay for which of the following

attorney fee's for the injured party

Which endorsement would cover theft of personal property on the premises only on a dwelling policy

limited theft

The personal injury endorsement does not cover which of the following

medical payments

Under a homeowners policy Coverage C is what percent of Coverage A

50%

Under a homeowners policy which of the following is covered under additional coverages?

grave markers

Coverage E Personal Liability found in a homeowner's policy would cover all of the following except

loss of use of the insured's property

Which of the following would not be covered under the additional coverage of credit cards and fund transfer cards found in a homeowner's policy

theft of your credit card done by a family member

How does the unendorsed homeowners policy pay for losses to personal property

actual cash value

Which of the following would NOT be covered under Section II liability in a homeowners policy?

injury arising from the rental of property

Which of the following is not a condition found in a homeowner's policy

credit card and fund transfer

Coverage B Other Structures would include which of the following

A detached garage connected by a fence