front 1 All of the following persons are insured for personal liability under the homeowners policy EXCEPT
| back 1 Answer: C |
front 2 Persons insured for personal liability under the homeowners policy include which of the following?
| back 2 Answer: D |
front 3 Which of the following statements about the personal liability coverage (Coverage E) of an unendorsed homeowners policy is true?
| back 3 Answer: B |
front 4 Which of the following statements about the insurer's obligation to provide a legal defense under the personal liability coverage (Coverage E) of the homeowners policy is (are) true?
| back 4 Answer: B |
front 5 Which of the following statements about the coverage for medical payments to others (Coverage F) under the homeowners policy is true?
| back 5 Answer: B |
front 6 Which of the following persons is (are) eligible for benefits under medical payments to others (Coverage F) of the homeowners policy?
| back 6 Answer: C |
front 7 All of the following are considered insured locations for medical payments to others (Coverage F) under a homeowners policy EXCEPT
| back 7 Answer: D |
front 8 Section II of the homeowners policy has exclusions applying to all of the following EXCEPT
| back 8 Answer: A |
front 9 All of the following situations are excluded from coverage under Section II of the homeowners policy EXCEPT
| back 9 Answer: A |
front 10 Which of the following situations is covered under Section II of an unendorsed homeowners policy?
| back 10 Answer: B |
front 11 Which of the following statements regarding watercraft liability under Section II of an unendorsed HO-3 policy is (are) true?
| back 11 Answer: B |
front 12 Which of the following situations would be covered under Section II of a homeowners policy?
| back 12 Answer: D |
front 13 For which of the following situations would there be personal liability coverage under the homeowners policy?
| back 13 Answer: D |
front 14 All of the following are exclusions in the homeowners policy that apply to medical payments to others (Coverage F) EXCEPT
| back 14 Answer: B |
front 15 Which of the following statements about the additional coverages included in Section II of the homeowners policy is true?
| back 15 Answer: C |
front 16 Which of the following statements about the additional coverage for damage to property of others in Section II of the homeowners policy is true?
| back 16 Answer: B |
front 17 Liability arising out of which of the following is covered under the personal injury endorsement to the homeowners policy?
| back 17 Answer: C |
front 18 Liability arising out of which of the following is covered under the personal injury endorsement to the homeowners policy?
| back 18 Answer: B |
front 19 Factors that affect the cost of homeowners insurance include which of the following?
| back 19 Answer: C |
front 20 Which of the following statements about endorsements to the homeowners policy is (are) true?
| back 20 Answer: A |
front 21 Which of the following statements about buying homeowners insurance is true?
| back 21 Answer: C |
front 22 Which of the following statements about an earthquake endorsement for a homeowners policy is (are) true?
| back 22 Answer: A |
front 23 Which of the following statements about the personal property replacement cost endorsement used with the homeowners policy is (are) true?
| back 23 Answer: D |
front 24 Which of the following statements about the scheduled personal property endorsement to the homeowners policy is (are) true?
| back 24 Answer: B |
front 25 Which of the following losses would be covered under Section II of an unendorsed Homeowners 3 policy?
| back 25 Answer: A |
front 26 Tom is planning to build a home. He is weighing many factors, including construction materials, location, and other considerations. Which of the following statements is true with regard to homeowners insurance and Tom's new home?
| back 26 Answer: C |
front 27 Robert purchased an unendorsed Homeowners 3 policy. He is concerned that if his personal property is destroyed, the insurer will take depreciation into consideration when determining the loss settlement and will pay him less than the amount needed to purchase new property. Which endorsement can Robert add to his Homeowners 3 policy to address this concern?
| back 27 Answer: C |
front 28 Gail lives near a fault line. She added an earthquake endorsement to her Homeowners 3 policy. All of the following statements about the endorsement are true EXCEPT
| back 28 Answer: D |
front 29 Jane would like to save money on her homeowners premium. All of the following steps will help her to reduce her homeowners premium EXCEPT
| back 29 Answer: D |
front 30 All of the following are endorsements that can be added to an ISO Homeowners 3 policy EXCEPT:
| back 30 Answer: D |
front 31 All of the following losses are excluded from coverage under Section II of an unendorsed Homeowners 3 policy EXCEPT
| back 31 Answer: B |
front 32 Which of the following losses would be covered under the medical payments coverage of the Homeowners 3 policy?
| back 32 Answer: C |
front 33 Which of the following losses would be covered under the personal liability coverage (Coverage E) of an unendorsed Homeowners 3 policy?
| back 33 Answer: B |
front 34 Tom and Tammy Evans were ready to purchase a home. The home was to serve as collateral for their mortgage loan. Two insurers declined to insure the home, citing "an adverse CLUE report." Why would an insurer reject a homeowners insurance application because of an adverse CLUE report?
| back 34 Answer: C |
front 35 Which of the following statements is (are) true concerning the use of an individual's credit history as an insurance rating factor?
| back 35 Answer: B |
front 36 A credit-based score that is highly predictive of future claims cost is an individual's
| back 36 Answer: B |
front 37 Which of the following statements is (are) true concerning the home business insurance coverage endorsement?
| back 37 Answer: A |
front 38 One of the "Tips for Buying a Homeowners Policy" is to consider purchasing a personal umbrella policy. What coverage is provided by a personal umbrella policy?
| back 38 Answer: B |
front 39 Which of the following statements is true regarding the Homeowners 3 policy and identity theft?
| back 39 Answer: D |
front 40 Which of the following statements concerning the scheduled personal property endorsement with agreed value loss settlement is (are) true?
| back 40 Answer: A |
front 41 John purchased an unendorsed Homeowners 3 policy. The coverage will expire next month. Which of the following changes will lower the premium that John will pay?
| back 41 Answer: C |
front 42 Liability arising out of which of the following is covered under Coverage E of an unendorsed Homeowners 3 policy?
| back 42 Answer: B |
front 43 Which of the following statements regarding the Coverage E limit in the homeowners policy is true?
| back 43 Answer: D |
front 44 Which of the following statements regarding Section II conditions under the homeowners policy is true?
| back 44 Answer: C |
front 45 Which of the following statements regarding Section II coverage under the Homeowners 3 policy is true?
| back 45 Answer: A |
front 46 Which statement regarding Section II of an unendoresed homeowners 3 policy is true?
| back 46 Answer: B |
front 47 Which of the following statements about Coverage E: Personal Liability under the homeowners 3 policy is true?
| back 47 Answer: C |
front 48 Polly purchased a Homeowners 3 policy. She has a swing set in the backyard of her home. While her son and the neighbor’s child were using the swing set, it collapsed. Both of the children required medical care. Which of the following statements is true?
| back 48 Answer: B |