Chapter 5 Test

Front 1

Medical payments on the HO cover

Back 1

a neighbor injured while helping the insured install carpet

Front 2

HO Medical Payments coverage

Back 2

Is a no-fault type of coverage designed to prevent law-suits

Front 3

HO Medical Payments coverage

Back 3

Usually limited to $1,000

Front 4

Due to renovation the insured must stay at a hotel while her home is being worked on

Back 4

Loss of use is not covered

Front 5

What is not covered by the HO-6 condominium united owners form

Back 5

common building structures

Front 6

In a HO-6 common building structures are covered by

Back 6

Commercial Fire Policy

Front 7

Coverage C on the HO policy includes

Back 7

Boats up to $1,500

Front 8

Under the personal liability section of the HO the insurer's duty to defend the insured ends when

Back 8

amount paid for judgment equals the policy limit

Front 9

The maximum coverage for theft of any one tree shrub, or plant on the HO policy is

Back 9

$500

Front 10

The deductible required when adding the optional earthquake endorsement to the HO policy is

Back 10

a percentage of the policy limit

Front 11

The HO-2 Broad form is

Back 11

Named peril on both buildings and contents

Front 12

The HO-3 is

Back 12

All risk on dwelling but still named peril

(Broad Form) on personal property

Front 13

Off premises coverage for property regularly off the premises under Coverage C are

Back 13

10% of Coverage C or

$1,000 whichever is greater

Front 14

A client has an HO-3 policy on a dwelling where he is in the process of moving out. Contents moved to the new residence automatically are covered by the old policy for _____________ days

Back 14

30

Front 15

On most Property Policies if one part of a set is damaged the insurer adjust the a claim by

Back 15

paying the difference between the value of the set before and after the loss

"Pair and Set Clause"

Front 16

The coverage included in Section 1 of all HO policies are

Back 16

Coverage C and D

Front 17

HO-4 does not have any A or B because

Back 17

The insured is a renter

Front 18

In all HO forms, Coverages E Personal Liability and F Medical Payments to others are contained in

Back 18

Section II

Liability and Medical for others

Front 19

On HO policies insured location is a broad term describing where liability coverage apply and excludes

Back 19

Vacant Farmland owned by insured

Front 20

What item should NOT be covered by Personal Articles Floater

Back 20

Loose gem stones

Front 21

Loose gem stones are covered by

Back 21

Jewelers Block coverage

Front 22

Coverage A Dwelling and B other structures on the HO policy are automatically adjusted at the renewal to keep up with increase inflation costs.

This is called

Back 22

Inflation guard

Front 23

A client insures someone while playing ball at the park. The HO Liability will cover the injured party's

Back 23

Medical bills, pain and suffering, loss of income and funeral expenses

Front 24

Section I of the HO policy covers

Back 24

property with a deductible

Front 25

Section II of the HO policy covers

Back 25

Liability with no deductible

Front 26

___________ does not have special limit of coverage under the Coverage C of the HO policy

Back 26

Antiques

Front 27

Jewelry Coverage C under HO policy

Back 27

$1,500

Front 28

Watercraft Coverage C under HO policy

Back 28

$1,500

Front 29

Money Coverage C under HO policy

Back 29

$200

Front 30

A fire totally destroys a clients dwelling but her HO policy will not cover what?

Back 30

Motor vehicle in the garage

Covered by Auto Insurance

Front 31

A client pays a $1,200 monthly mortgage payment on her dwelling. There is a fire and they have to stay in a hotel and the cost is $1,700 per month. Her HO policy Coverage D loss of use will pay

Back 31

$1,700

Front 32

An HO policy does NOT cover liability for

Back 32

Loading or unloading of a motor vehicle

Front 33

On an HO Policy personal property used for business purposes is covered

Back 33

up to $2,500 on the premises and

$1,500 off the premises

Front 34

The owner-occupant of a condominium unit would purchase which HO policy?

Back 34

HO-6