WebCe/P&C/HO/Dwelling/Commercial Policies fully solved 2023Homeowners Policy Coverage A
Dwelling: Insureds house and attached structures, attached garage and/or toolshed/construction materials on or next to dwelling.
Homeowners Policy Coverage B
Other structures: Structures not attached to...
Dwelling: Insureds house and attached structures, attached garage and/or toolshed/construction
materials on or next to dwelling.
Homeowners Policy Coverage B
Other structures: Structures not attached to dwelling, detached garage, gazebo, driveway, swimming
pool, fence. (excludes structures rented to non-tenant: business structure)
Homeowners Policy Coverage C
Personal Property: Covers all "stuff" owned by the insured/coverage applies anywhere in the world,
including hotels. (excludes: animals, motor vehicles, tenants property, separately scheduled property)
Homeowners Policy Coverage D
(Loss of use.) Three benefits: additional living expenses, fair rental value, prohibited use (civil authorities)
Homeowners Policy Coverage E
, Personal Liability: Insurer provides defense, regardless of lawsuits merit, policy will pay up to the limit of
the policies liability coverage, coverage provided only when insured is legally responsible for damages.
There are 12 standard exclusions and 6 coverage E exclusions.
Homeowners Policy Coverage F
Medical Payments to Others: Goodwill coverage-medical payments made due to moral obligation, pays
reasonable and necessary medical expenses within three years from the date of the accident, covered
persons-does not cover the insured or regular residents of the insured. There are 12 standard exclusions
and 4 coverage exclusions
Key difference between a "Homeowners Policy" and "Dwelling Policy"
1) a homeowners policy is designed for owner-occupied properties while a dwelling policy is appropriate
for tenant-occupied properties and in other situations where a homeowners policy is not available or
desired. 2) the dwelling policy provides only property coverage for coverages A-E. Liability and theft
coverage is not included but is available as supplemental coverage.
Homeowners Liability Exclusions for E and F, There are 12
12 exclusions (motor vehicle, watercraft, aircraft, hovercraft, expected or intended injury, businesses,
professional services, insured's premises not on "insured location," war, communicable disease, sexual
molestation, corporal punishment, or physical or mental abuse, controlled substances) applicable to
both personal liability and medical payments,
Homeowners Additional Coverages
Provided through HO3 property section
Covered Perils (Named Perils)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BukayoSaka120. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
