Ho 5 comprehensive form Study guides, Class notes & Summaries

Property & Casualty Cheat Sheet – Questions and Answers Already Passed What are the forms of homeowner policies? HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 Broad form; owner occupant HO-3 Special Form; owner occupant HO-4 Tenants or Renters HO-5 Comprehensive Form; owner-occupant (open to...

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 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. CORRECT ANSWER Neglect exclusion Which Home Owner's form covers damage to a condo owner's PROP...

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...

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...

The Standard Fire Policy -1st used in 1918 in NY -Provided homeowner & commercial property protection. -ACV valuation -Named peril policy -Only covered fire & lightening "165 Line" Policy The original Standard Fire Policy spent 165 lines explaining new insurance concepts that are still used today: -Concealment & misrepresentation -Property & perils excluded from coverage -Insurance cancellation due to an increase in hazards -Obligations to a mortgagee -Insured's duties in th...

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...

AINS 102 Questions And Answers Latest Graded A+. All of the following items are examples of personal property, EXCEPT: Select one: A. Sports equipment B. Silverware C. A fishing boat D. Underground pipes:  Underground pipes 2. Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property includes only tangible property.Correct. All real property is tangible property having a physical form that can be seen or touched. Personalprop...

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. - 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. - Neglect exclusion Which Home Owner's form covers damage to a condo owner's PROPERTY that occurs as the res...

Lines Adjuster Exam Questions (All) and Answers 100% Solved 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 o...