Homeowners Study guides, Class notes & Summaries

CIC – Homeowners UPDATED Exam Questions and CORRECT Answers To protect a non-resident owner - Ans What is the Residence premises Endorsement used for (Additional insured)? Coverage A and B. Coverage E and F. - Ans What coverage is provided for Additional Insured? used to protect the person's insurable interest in the residence premises. - Ans What is the Residence Premises Endorsement used for (Additional Interests)?

AINS 101 Questions With 100% Accurate Review Solution Answers Which of the following is an example of a legal requirement for individuals that could be met through insurance? a. contributing to the growth of the organization b. paying for losses c. obtaining personal auto insurance d. providing a source of investment funds - ANS-c. obtaining personal auto insurance A fire destroys the kitchen in Rob and Laurie's home. Which insurance policy would provide coverage for the damage? a...

What type of coverage does a homeowners policy include that a dwelling policy does not? Liability What is the maximum number of boarders per unit that would be allowed in the homeowners policy? 2 Under Section I, homeowners insurance must include Property Coverage Which of the following losses would be covered by an unendorsed homeowners policy? A. Theft in a structure under construction B. Collapse caused by earthquake C. Fire or lightning D. Faulty or defect...

HUD Exam- Homeownership (Questions and Answers) Latest 2024

Section I Property Coverages CORRECT ANSWER-The two major sections of the Homeowners policy are ___________________ & Section II Personal Liability Package Policy; a Residence CORRECT ANSWER-Combining these two sections provides a ______________________ used to insure loss exposures related to owning, occupying and maintaining ________________________ HO 6 Unit Owners Form CORRECT ANSWER-Which type of homeowners policy is appropriate for a condominium owner seeking insurance for both struc...

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...

Connecticut Casualty Adjuster for All Lines Questions and Answers Already Passed Which of the following professional liability policies would also cover bodily injury damages? Architects and Engineers E&O Insurance agents E&O Lawyers E&O Fiduciary Legal Liability Architects and Engineers E&O A person, firm, or corporation that, for compensation, acts on behalf of an insured in negotiating the settlement of certain claims for loss or damage to property is known as a/an: independent adjuster spe...

Which One Of The Following Is NOT A Possible Defense Against Negligence? A. Statue Of Limitations B. Doctrine Of Reasonable Expectation C. Intervening Cause D. Comparative Negligence - ANSWERSDoctrine Of Reasonable Expectation What Is A Hazard? - ANSWERSAn Increase In The Possibility That A Loss Might Occur. The Purpose Of Insurance Is To____________ - ANSWERSTransfer Risk From A Person, Business Or Organization To An Insurance Company. The Type Of Insurance Company In Which The...

What are the parts and sections in HP policy? - correct answer 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 Deductible name insured - correct answer person named on the Dec page and their spouse, if a resident of the same household insured - correct ans...

a domestic user will be examined by the commissioner at least once every ___ - 5 years. an insurance company owned by its policyholder is known as ___ - mutual insurance company. an insurance company headquartered in ohio, conducting business with west virginia is know as ___ - foreign insurer. agent wilson strikes a deal with his client: if the client agree to purchase homeowners insurance from agent wilson, wilson will waive the clients first premium payment. wilson is guilty of ___ - reb...