Ho 3 special form Study guides, Class notes & Summaries

Standard Fire Policy Correct Answer basic foundation of all homeowner's and commercial policies ACV Named peril policy that only covered fire and lightning First used in 1918 in NY Line of Coverage Correct Answer A particular risk or group of risks covered by an insurance policy Monoline Policy Correct Answer an insurance policy that covers only one risk or type of risk Personal lines Correct Answer for possessions intended for personal use Commercial lines Correct Answer for pos...

CLAIMS ADJUSTER EXAM 2024 WITH 100% ACCURATE SOLUTIONS Which term is generally considered to be a definition of "vacancy" in respect to a dwelling? - correct answer A dwelling from which the contents and occupants are removed. Dwelling Forms provide limited coverage for: 1. Pets 2. Rowboats & Canoes 3. Aircraft - correct answer 2. Rowboats & Canoes Liability coverage (section II) of the homeowners policy provides: - correct answer Legal defense costs in excess of the liability limi...

Florida 2-20 Agents License Exam Questions and Answers (100% Verified Elaborations) Latest Update. The Florida Surplus Service Lines Office (FSLSO) was created to oversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: Seeking the license only to write controlled business The Department of Financial Services performs the following, EXCEPT: Pays insurance claims Once license, you have how long to obtain an appointment...

An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. correct answers an Earth movement exclusion An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of the fact that the individual did not maintain the property. correct answers Neglect exclusion Which Home Owner's form covers damage to a condo owner's PR...

An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of an earthquake, mudslide, landslide, or sinkhole. - ANSWER an Earth movement exclusion An exclusion that states that an insurer will not pay any claim in which an individuals property is damaged as a result of the fact that the individual did not maintain the property. - ANSWER Neglect exclusion Which Home Owner's form covers damage to a condo owner's PROPERTY that oc...

Mississippi Insurance- Property And Casualty Questions & Answers 100% Accurate Mississippi Insurance- Property And Casualty Questions & Answers 100% Accurate Mississippi Insurance- Property And Casualty Questions & Answers 100% Accurate Mississippi Insurance- Property And Casualty Questions & Answers 100% Accurate Homeowners Policy - ANSWER Multiline Policy that protects property owners from property and liability risks HO-2 - ANSWER (broad form): covers the dwelling, other structures, and ...

Texas All Lines Adjuster Test with Verified Answers Updated 2024 The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as A recipient location recipient location Businesses who support insured by being the primary buyer for their products HO-3 (special form) covers the dwelling and other str...

CISR - Personal Lines Miscellaneous Exam Questions and Answers 100% Pass What is a trade? - Correct Answer ️️ -Skilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - Correct Answer ️️ -A vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - Correct Answer ️️ -An activity or pursuit in which a person is engaged; a person's usual or principal wo...

All Lines Adjuster Exam Questions and Answers 100% Pass The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products and services from the business has filed for bankruptcy under this form the primary buyers business would be known as A recipient location recipient location Businesses who support insured by being the primary buyer for their products HO-3 (special form) covers the dwelling and other structures on a ris...

Homeowners Policy - ANSWER Multiline Policy that protects property owners from property and liability risks HO-2 - ANSWER (broad form): covers the dwelling, other structures, and personal property on a named perils basis HO-3 - ANSWER or special form, provides open peril coverage for loss to the dwelling and other structures (most common) HO-4 - ANSWER renters/tenants insurance HO-5 - ANSWER Comprehensive Form HO-6 - ANSWER condominium owner's insurance HO-8 - ANSWER older hom...