AD BANKER CH 6 EXAM WITH GUARANTEED ACCURATE ANSWERS
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Course
AD BANKER CH 6
Institution
AD BANKER CH 6
The HO-2 protects against all of the following losses, except:
A
Smoke damage to a fence after a house fire
B
Rain damage to the interior after a window was left open during a storm
C
Theft of jewelry
D
Fire loss to a tool shed that stored gasoline in gas cans for the insured's personal u...
AD BANKER CH 6 EXAM
AD BANKER CH 6 EXAM WITH GUARANTEED ACCURATE ANSWERS
The HO-2 protects against all of the following losses, except:
A
Smoke damage to a fence after a house fire
B
Rain damage to the interior after a window was left open during a storm
C
Theft of jewelry
D
Fire loss to a tool shed that stored gasoline in gas cans for the insured's
personal use of a lawn mower - ACCURATE ANSWERS✔✔ B
Rain damage to the interior after a window was left open during a storm
,Coverage is provided against windstorm and hail, but damage to the
interior is only covered if rain, snow, sleet, sand, or dust enter through an
opening formed due to external damage caused by wind or hail.
All of the following would be included in the definition of insured
location, except:
A
A summer vacation home rented by the insured
B
A 5-family dwelling in which the insured lives in one of the units,
including the structures and grounds
C
Land upon which a 4-family dwelling is being built as a residence for
the named insured
D
A boat slip used by the named insured - ACCURATE ANSWERS✔✔ B
A 5-family dwelling in which the insured lives in one of the units,
including the structures and grounds
Eligible residential dwellings are those containing 1 to 4 residential
units, so a 5-family dwelling would not be insured on a Homeowners
policy or included in the definition of insured location.
,An insured with a Broad Form Homeowners policy suffers a fire loss
that damages the dwelling and personal property. The loss to the
dwelling is valued at its:
A
Salvage value
B
Actual cash value
C
Market value
D
Replacement cost - ACCURATE ANSWERS✔✔ D
Replacement cost
The HO-2 values losses to the dwelling and other structures at their
replacement cost, and losses to personal property at its actual cash value.
The HO-3, HO-5, and HO-6 also use this loss valuation basis.
Section I of a Homeowners policy does NOT include which of the
following coverages?
A
Loss of use
B
Additional living expense
C
, Liability
D
Other structures - ACCURATE ANSWERS✔✔ C
Liability
Section I contains the policy's property coverages. Additional living
expense coverage is a loss of use coverage provided by Coverage D.
Liability coverages are provided by Section II of the policy.
Homeowners policies would cover all of the following theft losses,
except:
A
The insured's trailer stolen from their detached garage
B
A 19-year-old insured's personal property stolen from their dorm room
C
The insured's camper stolen from an off-premises campsite
D
Electronics stolen from the dwelling by a burglar - ACCURATE
ANSWERS✔✔ C
The insured's camper stolen from an off-premises campsite
Theft coverage offered by Homeowners policies has certain limitations.
Coverage is not provided for off-premises theft of trailers, campers,
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