Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
32 Cards in this Set
- Front
- Back
- 3rd side (hint)
|
Homeowners policies:
a. cover theft of guns up to $3,000 b. cover theft of furs and jewelry up to $1,500 c. include water damage by flood, sewer backup and underground seepage d. cover money up to $500 |
B
|
ADBanker CD
|
|
|
Which statement is false about a Homeowners policy?
A. it will cover property that has been borrowed B. it has a $500 limit for trailers not used with watercraft C. the replacement clause eliminates the deduction for depreciation D. it will cover theft from a safe deposit box |
B
|
ADBanker CD
|
|
|
Under a Mobile Homeowners Policy, if the mobile home is insured under Coverage A for $70,000, how much coverage would ordinarily apply to personal property under Coverage C?
A. $35,000 B. $30,000 C. $28,000 D. $42,000 |
C
|
ADBanker CD
under mobile homeowners, Coverage C is 40% |
|
|
Which statement is false regarding a Homeowners Policy?
a. the Ho-2 provides broad form coverage on both the dwelling and contents b. contents are covered 100% worldwide c. under an HO-2, the insured may rent his/her garage to the neighbor for a woodworking shop d. Section II of all Homeowners Policies are exactly alike |
C
|
ADBanker CD
|
|
|
All of the following are true of a Homeowners Policy, except:
a. trees, shrubs and plants are covered up to $500 each b. theft from a dwelling under construction is not included c. earth movement is covered in all Homeowners policies d. coverage c allows coverage for loss due to theft of jewelry up to $1,500 |
C
|
ADBanker CD
|
|
|
Which statement is true concerning homeowners policies?
A. Section I limits coverage on fire dept service charge to $100 b. Section 1 limits coverage on utility trailers up to $2,000 c. The Section 1 deductible does not apply to property covered under the Scheduled Personal Property Endorsement d. the HO-4 provides open peril coverage on both the dwelling and contents |
c
|
ADBanker CD
|
|
|
All of the following are true of a Homeowners Policy except:
A. the Ho-4 form is also called the Tenant Form B. personal property of an insured's daughter while at college would be covered C. dwellings under construction are eligible D. the HO-2 provides open peril coverage on the dwelling |
D
|
ADBanker CD
|
|
|
What type of coverage is provided by the HO-3 under the additional coverage of property removed?
A. open peril coverage for 10 days B. open peril coverage for 30 days C. named peril coverage for 10 days D. named peril coverage for 30 days |
B
|
ADBanker CD
page 34 blue book |
|
|
Which coverage is not provided under Section II of a Homeowner's Policy?
a. medical expense of a boarder b. medical expense of a guest c. third party property damage for which the insured is legally liable d. damage to property of others |
A
|
ADBanker CD
|
|
|
Anne falls in Kevin's house and is injured in an amount of $1,000. How much will Kevin's Homeowners Policy pay regardless of fault?
A. $1,000 B. $1,000 less deductible C. $500 D. nothing |
A
|
will pay actual amount up to policy limit of Coverage F
|
|
|
All of the following are part of the insured location under a Homeowners policy, except:
a. a vacant lot that is owned by the named insured b. a cabin at a lake that is rented by an insured for a vacation c. a farm that is within city limits d. a secondary residence acquired during the policy period |
C
|
ADBanker CD
|
|
|
Which of the following is eligible to receive medical payments under Section II of a Homeowners Policy?
a. the named insured b. a tenant who lives in a portion of the insured's residence c. a guest of the insured on the residence premisis d. the named insured's spouse |
C
|
ADBanker CD
|
|
|
An unrelated resident of the insured's home is covered up to what age?
a. 21 b. 18 c. 16 d. 24 |
A
|
ADBanker CD
|
|
|
Coverage B is what percentage of Coverage A?
a. 10% b. 5% c. 50% d. 25% |
A
|
ADBanker CD
|
|
|
Up to what amount of coverage is provided for a furnished apartment which was burglarized and $1000 worth of the insured's furniture was stolen?
A. $1,000 B. 0% C. $500 D. $250 |
B
|
ADBanker CD
|
|
|
Insurance applied seperately to each insured is called ____.
|
severability
|
ADBanker CD
|
|
|
Which Homeowners Policy Form is appropriate for an applicant who rents a condominium unit?
A. HO-2 B. HO-4 C. HO-8 D. HO-6 |
B
|
ADBanker CD
|
|
|
What is the maximum Coverage the insured will have with the Water Back Up Endorsement added to his HO-3 policy for direct physical loss to property due to water backing up through the drains?
a. coverage A amount b. $2,500 c. $1,000 d. $5,000 |
D
|
ADBanker CD
|
|
|
What is the coverage E (Homeowner's)?
|
Personal Liability
|
Ch 6 blue book
|
|
|
What is Coverage F? (Homeowner's)
|
Medical Payments to Others
|
Ch 6 blue book
|
|
|
What is Coverage A?
|
Dwelling
|
|
|
|
What is Coverage B?
|
Other Structures
|
|
|
|
What is Coverage C?
|
Personal Property
|
|
|
|
What is Coverage D? (Homeowner's)
|
Loss of Use
|
Indirect loss
|
|
|
What is Coverage D? (Dwelling Policy)
|
Fair Rental Value
|
|
|
|
What is Coverage E (Dwelling Policy)?
|
Additional Living Expense
|
|
|
|
What is Coverage L (dwelling policy)?
|
Personal Liability
|
|
|
|
What is Coverage M (Dwelling policy)?
|
Medical Payments to Others
|
|
|
|
The HO-6 provides coverage for common grounds which are next to the insured's property.
true or false |
false
|
Ch 3 Retention questions
|
|
|
The HO-3 policy provides theft coverage for building supplies that are next to the house which are to be used in construction.
true or false |
false
|
Ch 3 Retention questions
|
|
|
The HO-4 policy provides ___ ___ peril coverage on the personal property.
|
broad form
|
Ch 3 Retention questions
|
|
|
The HO-4 policy method of indemnification for personal property.
|
actual cash value
|
page 30
|
