Which of the following does a standard homeowners insurance policy cover quizlet?
Typical homeowners insurance policies offer coverage for damage caused by fires, lightning strikes, windstorms and hail. But, it's important to know that not all natural disasters are covered by homeowners insurance. For example, damage caused by earthquakes and floods are not typically covered by homeowners insurance.
Which area is not protected by most homeowners insurance?
What is a Homeowners-3 policy? A Homeowners-3 is a Special Form Policy and is the most widely-used homeowner's policy. This policy covers the owner's property for all risks of physical loss, except those that are specifically excluded, such as flood or earthquake.
Which policy is the most widely used homeowners policy quizlet?
Homeowners Insurance. A binding, legal contract between the insured and the insurer to protect the insured, their home, and belongings if they are damaged or destroyed. Items that are excluded or limited on a Homeowners Policy.