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Examfx Flashcards: Personal Lines- Homeowners Policy Questions And Answers With Verified Solutions Already Passed!!!
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  • Personal lines
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  • Personal Lines

Examfx Flashcards: Personal Lines- Homeowners Policy Questions And Answers With Verified Solutions Already Passed!!!

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  • October 2, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • examfx flashcards personal lines homeowners poli
  • what homeowners policy form is known as a special
  • under the ho 4 and ho 6 policy forms property is
  • under coverage c of an ho 3 policy what is the am
  • i

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  • Personal lines
  • Personal lines

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Examfx Flashcards: Personal Lines-
Homeowners Policy Questions And
Answers With Verified Solutions Already
Passed!!!
What Homeowners policy form is known as a special form? - ANSWERS✔✔HO-
3 special form


Under the HO-4 and HO-6 policy forms, property is insured against what type of
perils? - ANSWERS✔✔Broad form perils


Under Coverage C of an HO-3 policy, what is the amount of insurance provided
for personal property? - ANSWERS✔✔At least 50% of the Coverage A limit (this
applies to all policies except for HO-4 and HO-6)


What Homeowners policy form is known as contents broad form? -
ANSWERS✔✔HO-4 contents broad form


In homeowners policies what determines the amount an insurer will pay under
coverage D - ANSWERS✔✔The amount of coverage on a dwelling


How many coverage forms are available in Homeowners policies? -
ANSWERS✔✔Six coverage forms: HO-2, HO-3, HO-4, HO-5, HO-6, and HO-8


How are the dwelling and other structures covered in an HO-3 policy form? -
ANSWERS✔✔On an open-peril basis

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