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CIC Personal Lines – Residential Exam Study Guide $12.49   Add to cart

Exam (elaborations)

CIC Personal Lines – Residential Exam Study Guide

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CIC Personal Lines – Residential Exam Study Guide Homeowners "Insured" - Answer-- You - Residents who are: a) Relatives b) <21 and in your care -Full time student: a) <24 and relative b) <21 and in your care Coverage B - What's Covered? - Answer-Other Structures - Things on res...

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  • October 15, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CIC
  • CIC
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Emillect
EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.




CIC Personal Lines – Residential Exam
Study Guide

Homeowners "Insured" - Answer✔✔-- You


- Residents who are:


a) Relatives


b) <21 and in your care


-Full time student:


a) <24 and relative


b) <21 and in your care


Coverage B - What's Covered? - Answer✔✔-Other Structures


- Things on residence premises not attached to building, or connected only by fence, wire, wall


- Not for business use


- Not rented,unless only as a garage


Perils Not Insured by HO-3 for A and B - Answer✔✔-- Collapse


- Freezing of plumbing, due to neglect


- Freezing/weight of water on pool, fences, patio


- Theft in residence under construction



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, EMILLECT 2024/2025 ACADEMIC YEAR ©2024 EMILLECT. ALL RIGHTS RESERVED. FIRST PUBLISH OCTOBER 2024.


- Vandalism if vacant > 60 days


- Mold unless hidden and resulting from accidental overflow of water


- Wear and tear


- Smoke from industry


- Pollution


- Settling, cracking, bulging of floors


- Birds, rodents, insects


- Nesting/infestation/waste of animals


- Animals owned/kept by insured




* BUT all ensuing water damage is covered


Homeowners "Business" Exceptions - Answer✔✔-1. Make < $2000/year


2. Volunteer Activities


3. Home day care, but no $ earned


4. Home day care, with $ earned, for relatives


Homeowners Coverage D - Answer✔✔-Loss of Use


1. Additional Living Expense


- necessary increase to maintain normal standard of living




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