Dwelling policy - Study guides, Class notes & Summaries

NJ PSI Property and Casualty Exam with 100% Correct Answers 2023 The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) - Correct Answer-D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartm...

STANDARD FIRE POLICY (SPF) - ANSWER -introduced in NY in 1873 as first standardized Property insurance policy -NC adopted in 1943 -basis for non-marine Property contract in NC and is attached to all Commercial Prop. insurance contracts SFP Covered Perils - ANSWER -originally written as 165 monoline "Named Perils" policy. Covered 3 perils: Fire, Lightning, and Removal SFP Covered Peril FIRE - ANSWER intense combustion resulting in a flame or glow. Must be an unfriendly, hostile fire...

Insurance Customer Service Rep 440 Exam Review questions and answers graded A+. Examples of Peril - correct answers.Fire, lightning, explosion, theft, windstorm, hail, earthquake, flood, mischief or vandalism, or the sinking, burning, collision or derailment of a conveying transport. How long does one have to notify the Department of Financial Services for a Name and/or Address Change? - correct answers.30 days Coinsurance Clause - correct answers.Replacement cost appl...

what are the 3 separate coverage forms available under the dwelling program? correct answer: basic, broad, and special In practice, the dwelling property policy is commonly used to insure ______ _______ correct answer: rental dwellings what are the corresponding form numbers for dwelling property policies? correct answer: DP-1, DP-2, DP-3 Dwelling Property Policy can be purchased to insure properties solely used for residential purposes in what situations? correct answer: 1. Up to 5...

Georgia Personal Line Exam Questions and Answers 100% Pass In an insured's neighborhood, individuals are required to pay the fire department if called to their premises. This insured has a homeowner policy. How much will the policy pay for these fire department service charges? - Correct Answer ️️ -up to $500 When applying for an individual life insurance policy, an applicant states that he went to the doctor for nausea, but fails to mention that he was also having severe chest pains....

Property and Casualty Insurance Pre-Licensing (Louisiana) Chapter 3 Dwelling Policy Notes questions with 100% correct answers (Graded A+) 2023

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. - ANS For a loss that would otherwise be covered f...

Debris correct answers remains of anything broken down or destroyed Incidental occupancy correct answers minor uses that are accessory to or support the predominant occupancy (e.g., a piano teacher giving lessons in her home) Occurrence correct answers an incident or event Ordinance correct answers A law that must be complied with Overinsurance correct answers when a property's insurance coverage exceeds its cash value Premises correct answers a house or building (including land ...

LA ADJUSTER SERIES 204: HOMEOWNER INSURANCE QUESTIONS AND ANSWERS 100% ACCURATELA ADJUSTER SERIES 204: HOMEOWNER INSURANCE QUESTIONS AND ANSWERS 100% ACCURATELA ADJUSTER SERIES 204: HOMEOWNER INSURANCE QUESTIONS AND ANSWERS 100% ACCURATE multi-line policies - ANSWER-HO policies are _ which mean they combine property and casualty coverages in the same policy. it packages several coverages related to a specific type of exposure, and it reduces the number of policies one has to purchase. person...

Texas Property & Casualty Insurance License Exam with Accurate Answers 2023 In order to be considered legally binding, an insurance contract must include all of the following - Offer and acceptance. Competent parties. Consideration (The four essential elements of all legal contracts are offer and acceptance, consideration, legal purpose, and competent parties.) With respect to a bonded contractor who defaults on a construction performance contract, which of the following statements is...