Ho 5 comprehensive form - Study guides, Class notes & Summaries

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...

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...

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 risk -of-direct-physical loss basis. All direct ph...

Cheat Sheet - Property & Casualty Exam Questions and Answers 100% Pass What are the forms of homeowner policies? - Correct Answer ️️ -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 - Correct Answer ️️ -Broad form; owner occupant HO-3 - Correct Answer ️️ -Special Form; owner occupant HO-4 - Co...

Named peril policy that only covered fire and lightning first used in 1918 in NY Line of Coverage A particular risk or group of risks covered by an insurance policy Monoline Policy an insurance policy that covers only one risk or type of risk Personal lines for possessions intended for personal use commercial lines for possessions intended for business or corporate use Homeowners Insurance bundles property and liability insurance into one 'package' policy Property coverage c...

Iowa Property and Casualty Question and answers verified to pass 2024 Iowa Property and Casualty HO-2, HO-3, HO-4, HO-5, HO-6, and HO-8 are all types of homeowners policies. Which two sets of policies are not solely designed for owner-occupied dwellings? - correct answer HO-4 and HO-6 The HO-8, also known as the modified coverage form, is designed to meet the needs of what type of insured? - correct answer Owners of a historic home whose replacement cost value exceeds the value of the...

recipient location - ANSWER-Businesses who support insured by being the primary buyer for their products HO-3 (special form) - ANSWER-covers the dwelling and other structures on a risk-of-direct-physical loss basis. All direct physical losses are covered except those losses specifically excluded. Personal property is covered on a named perils basis HO-5 Comprehensive Form - ANSWER-provides open perils coverage ("all-risks coverage") on the dwelling, other structures and personal property...

AINS 102 Questions And Answers1. 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.Personal property can include...

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 - correct answer-A recipient location recipient location - correct answer-Businesses who support insured by being the primary buyer for their products HO-3 (special form) - correct answer-covers the dwelling and other structures on a risk-of-...

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 - Answer A recipient location recipient location - Answer Businesses who support insured by being the primary buyer for their products HO-3 (special form) - Answer covers the dwelling and other structures on a risk-of-direct-physical ...