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 of the following would not be considered an insured under a homeowner's policy?
Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered.
What are the three most common homeowner policy coverage areas?
Homeowners insurance policies generally cover destruction and damage to a residence's interior and exterior, the loss or theft of possessions, and personal liability for harm to others. Three basic levels of coverage exist: actual cash value, replacement cost, and extended replacement cost/value.
Which of the following is not eligible for a homeowners policy quizlet?
Which of the following would not be eligible to purchase a Homeowners Policy? A person who owns and lives on a farm -- Homeowners eligibility does not include farm property, but does include certain incidental business occupancies.
What does a homeowner’s insurance cover?
A homeowner, at the time of loss, must be insured for at least 80% of replacement cost in order to collect the full replacement cost of a partial loss. The liability section of all homeowners policies includes 2 liability coverages: Coverage E – Personal Liability; and Coverage F – Medical Payments to Others.
What are additional coverages in the liability section of a homeowners policy?
Additional coverages in the liability section of a homeowners policy cover all of the following EXCEPT A Claims expense. B Expenses the insured incurs rendering first aid for bodily injury to third parties. C Damage to the property of others. D Damage to a third-party property for which the insured is legally liable.
What is coverage C of a homeowners policy?
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