Homeowners Study guides, Class notes & Summaries

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 CORRECT ANSWER c) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the d...

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Vandalism and malicious mischief losses are excluded under the Homeowners Policy when: a. During times of riot or civil disorder b. The property has been vacant for 60 days c. While the insured is on vacation away from the premises d. When any part of the dwelling is rented to others B. The property has been vacant for 60 days Explanation Since vacant property poses a high susceptibility of vandalism, the policy contains this limitation of vandalism coverage to protect the preferred Hom...

NC Insurance Adjusters Exam (SFP, Dwellings, Homeowners)

NJ PSI Property and Casualty Exam with 100% Correct Answers 2023 The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) - Correct Answer-D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartm...

CIC - Homeowners Study Guide 2024 Questions With 100% Correct Answers!!

Maryland Property Casualty Test (Homeowners) Questions and Answers Latest.

What must you do if you notice code violations in a homeowners house? - Answer Notify them and recommend ways to address them What must be done when performing an annual tune-up on a heating system? - Answer A combustion efficiency test and a copy must be posted on site Whenever a furnace, direct fired hot water heater, or boiler is installed the total installation must be brought into compliance with what requirements BEFORE appliance can be fired? - Answer NFPA 31 When an eme...

HUD Exam- Homeownership Questions and Answers 100% Pass Which factor is best for housing counselors to use when determining how much a client can afford to spend on purchasing a home? A. Debt to-income ratios B. Annual gross income C. Savings D. Options A, B, C E. None of the above - Correct Answer ️️ -D. Options A, B, and C A person or company that makes loans for real estate purchases. "Loan officer" is a related term that refers to a representative of a lending or mortgage com...

What are the parts and sections in HP policy? Section I: Property Coverages Coverage A - Dwelling Coverage B - Other structures Coverage C - Personal Property Coverage D - Loss of Use Deductible: at least $250 Section II: Liability Coverages Coverage E - Personal Liability Coverage F - Medical Payment to Others No Deduc