100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
RMI 3011 FSU EXAM 3-STITH RMI 3011 Florida State University -Question and answers verified to pass $13.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Florida State University
  4.  
  5. RMI 3011

Exam (elaborations)

RMI 3011 FSU EXAM 3-STITH RMI 3011 Florida State University -Question and answers verified to pass
 1 view  0 purchase

RMI 3011 FSU EXAM 3-STITH RMI 3011 Florida State University -Question and answers verified to pass Homeowners Insurance - correct answer -Forms, drafted by ISO are widely used in United States Insurance Services Office (ISO) - correct answer -Designed for the owner-occupants of family dwel...

[Show more]

Preview 2 out of 13  pages

Document information

  • December 1, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • rmi 3011 fsu exam 3 stith
  • rmi 3011 fsu exam 3 stith question and answers ver
  • rmi 3011 fsu exam 3 stith rmi 3011 florida state u

Written for

All documents for this subject (80)

Seller

avatar-seller
Academia199

Reviews received

Content preview

RMI 3011 FSU EXAM 3-STITH Question
and answers verified to pass
Homeowners Insurance - correct answer ✔-Forms, drafted by ISO are widely
used in United States


Insurance Services Office (ISO) - correct answer ✔-Designed for the owner-
occupants of family dwellings
-A policy can be used to cover the dwelling, other structures, personal
property, additional living expenses, personal liability claims, and medical
payments
-Six form are available


HO-2 (Broad Form) - correct answer ✔-Covers dwelling, other structures,
and personal property on named peril basis


HO-3 (Special Form) - correct answer ✔-Covers dwelling and other
structures on a risk of direct physical loss basis (all covered except for those
specifically excluded)


HO-4 (Contents Broad Form) - correct answer ✔-Covers a tenant's personal
property on a named perils basis


HO-5 (Comprehensive Form) - correct answer ✔-Provides open perils on the
dwelling, other structures and personal property (Except for those specifically
excluded


HO-6 (Unit Owners Form) - correct answer ✔-Covers property on a named
perils basis

, (Minimum of $5k of insurance is also provided on the condominium unit that
covers improvements and additions)


HO-8 (Modified Coverage Form) - correct answer ✔-Designed for older
homes
-(Dwelling and other structures are based on the amount required to repair or
replace using common construction materials and methods)


Insureds of HO-3 Policy - correct answer ✔-Named insured and spouse
-Resident relatives
-Other persons under age 21
-Full-time student away from home


Section II HO-3 Policy - correct answer ✔-Any person legally responsible for
covered animals or watercraft
-With respect to a motor vehicle covered by the policy, persons employed by
the named insured


Section I Coverages (Coverage A) - correct answer ✔-Covers the dwelling
on the residence premises and any structure attached to the dwelling
-(materials intended for construction are included)
-(The coverage specifically excludes land)


Section I Coverages (Coverage B) - correct answer ✔-Insures other
structures on the residence premises
-(Detached garage, tool shed, etc)
-(Structures that are rented out or used for a business are excluded)
-The amount of coverage is based on the amount of insurance in Coverage A)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

60904 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.99
  • (0)
  Add to cart