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RMI 3011 FSU EXAM 3-STITH RMI 3011 Florida State University -Question and answers verified to pass $13.99   Add to cart
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RMI 3011 FSU EXAM 3-STITH RMI 3011 Florida State University -Question and answers verified to pass
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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...

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

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  • 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

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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)

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