Which of the following coverage provisions would not be found in an unendorsed Dwelling policy from?
Myrtle has a Dwelling policy with Broad Theft coverage applicable both on and off her premises. Which of the following theft losses would be covered?
A $400 handgun taken from a bureau in her home
Theft of personal property owned by a boarder who rents a room in Myrtle's home
Two credit cards taken from her desk in her home
A tape player removed from the dashboard of her car that was parked in her garage
Which of the following would not be covered under Coverage A or Coverage B of a Dwelling policy?
A water heater located in the insured's attached garage
A stack of lumber placed at the edge of the insured's property that will be used to construct a storage shed
A detached garage that has been altered to house a manufacturing operation
A storage shed 100 feet in back of the insured's dwelling where she keeps various yard tools
Which of the following could not be covered under a Dwelling policy?
A mobile home that is not permanently located
A single family home that is under construction
A three-unit townhouse
A home that is rented to another person
An insured has a DP-3 covering a home that has a replacement value of $100,000. The insured carries $60,000 of insurance. Following a loss, the determination is made that it would cost $12,000 to replace the damaged portion of the home. How much could the insured collect, assuming the ACV of the loss is $6,000?
A. B. (Missed) C. D.
The Johnsons' home is covered by a Special Dwelling policy. When a fire damages the home, the family is forced to stay at a motel for a month while repairs are made. What coverage might reimburse them for these expenses?
A. B. C. D.
B is correct.
Additional living expenses
Personal property coverage
Fair rental value coverage
Which of these items of personal property would be covered under a Dwelling policy when Coverage C is written?
A. B. C. D.
A pet poodle
A pool table
A Basic Dwelling policy form automatically provides coverage for losses caused by each of the following perils except which one?
Vandalism and malicious mischief
The Special Dwelling policy form provides which of the following?
Basic coverage for the dwelling and broad coverage for personal property
Broad coverage for the dwelling and basic coverage for personal property
Open peril coverage for the dwelling and broad coverage for personal property
Open peril coverage for both the dwelling and personal property
Under which of the Dwelling policy forms may the insured be reimbursed for the replacement cost when the dwelling is destroyed?
All Dwelling forms
The Basic form only
The Broad and Special forms
The Special form only
Which of the following is true regarding tenants of rented apartment units?
Tenants have no need for Homeowners insurance.
Tenants must insure both the apartment building and their personal property.
Tenants are eligible for Homeowners insurance using HO-3 (the Special Form).
Tenants are eligible for Homeowners insurance using HO-4 (the Contents Broad
Tenants are eligible for Homeowners insurance using HO-8 (the Modified
Spencer has a Homeowners HO-3 policy that provides $320,000 of insurance on his
dwelling, which has a current replacement value of $500,000. Ignoring any deductible,
how much will Spencer collect if his kitchen with a replacement value of $30,000 but an
actual cash value of $26,000 is destroyed in a fire?
Which of the following is NOT an exclusion in Section II of the Homeowners HO-3
The gradual yet accidental seepage of pollutants from the insured’s septic system
into the neighborhood water supply.
Transmission of a communicable disease.
Injuries caused by operation of a motor vehicle registered for use on public roads.
Which of the following statements regarding the “severability of insurance” condition in
the HO-3 Special Form insurance policy is true?
I. The condition applies insurance separately to each insured.
II. The condition does not increase the insurer’s limit of liability for any one
III. The condition allows the policy to cover a claim brought by one insured
against another insured.
I and II only.
I and III only.
II and III only.
I, II, and III.
Which of the following motor vehicles is NOT covered under Section II – Liability
coverage in the ISO HO-3 policy?
Motor vehicle in dead storage on an insured location.
Motor vehicle powered by one or more batteries that cannot exceed five miles per
hour on level ground that is designed as a toy for use by children under the age of
Motor vehicle used solely to service a residence.
Motor vehicle used for snow removal on public roads within one mile of an
Motor vehicle designed for assisting people who are handicapped.