Adjuster Exam (Arizona) Questions And
Answers
Additional Coverages section 2 (HO) Property to others
First Aid
Claim Expenses
Loss Assessment
Limited Fungi, Wet or Dry Rot, or Bacteria Coverage This endorsement defines fungi as
"any type or form of fungus, including mold or mildew, and ...
Additional Coverages section 2 (HO) Property to others
First Aid
Claim Expenses
Loss Assessment
Limited Fungi, Wet or Dry Rot, or Bacteria Coverage This endorsement defines fungi as
"any type or form of fungus, including mold or mildew, and any mycotoxins, spores, scents or
byproducts produced or released by fungi."
It also provides a specified amount of additional coverage for loss caused by fungi.
This liability coverage has its own sub-limit within the total Coverage E limit.
Home Day Care This endorsement may provide both property and liability coverage as
long as the business is conducted by the insured on their residence premises and scheduled in the
endorsement.
Watercraft Liability Specifically, this endorsement is intended for watercraft powered by
motors with more than 25 horsepower and sailing vessels 26 feet or more in length.
, Adjuster Exam (Arizona) Questions And
Answers
This coverage does not apply to watercraft being operated in racing activities (except for sailing
vessels), craft that are being rented to others, or to craft used to carry people for a fee
Dwelling policy Is for people and business who are not eligible for homeowners
insurance.
Covers property only, not liability
Dwelling vs Homeowners homeowners insurance requires someone to reside at the
property.
Homeowners requires the owner be an actual person.
Dwelling does not require someone to reside
Dwellings can be held by businesses or companies.
Farms are not eligible for either- they must be covered by a farm policy
Dwelling coverage forms DP-1: basic form
DP-2: broad form
DP-3: special form
, Adjuster Exam (Arizona) Questions And
Answers
DP-1 Basic form
named peril coverage:
covers only fire, lightning, and internal explosions.
Endorsements:
VMM (Vandalism and malicious mischief)
Extended coverage endorsement : WCSHAVVER
WCSHAVVER W- windstorm
C- civil Commotion
S- smoke
H- hail
A- aircraft
V- vehicles
V- volcanic eruption
E- external explosion
R- riot
, Adjuster Exam (Arizona) Questions And
Answers
DP-2 Same perils as a basic form, with more.
extended form perils (WCHAVVER)
broad form perils such as vandalism, damage by burglars, glass breakage, falling objects, weight
of ice, collapse of building, sudden and accidental tearing apart, freezing, artificial electrical
currents, accidental discharge or overflow of water.
DP-3 Special Form
if a peril is not excluded, its is covered. ( long list of exclusions- settling, cracking, shrinking,
bulging of patios, foundations, etc.
damage from birds or bugs.
Damage from domestic animals
theft
etc)
Dwelling Coverage A Principle Dwelling- attached structures, service machinery, building
materials on or next to the dwelling. (not tools or damage to the land itself)
Dwelling Coverage B Other structures-
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