In the ho 3 policy - Study guides, Class notes & Summaries
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CA Adjusters License PSI exam 2024 with 100% correct answers
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Other structures are excluded from coverage under the HO-3 when they are: 
 
Smaller than 100 square feet or larger than 1,000 square feet 
Smaller than 100 square feet or larger than 500 square feet 
Used for storage purposes 
Used for business purposes correct answersUsed for business purposes is correct. 
EXPLANATION: 
When the other structures are used for business purposes they are not covered under the homeowner form. This structure and its contents could be covered under a commercial p...
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PA Property & Casualty License Practice Exam Questions and Answers Already Passed
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PA Property & Casualty License Practice 
Exam Questions and Answers Already 
 
Passed 
 
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 
 
...
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State Farm Fire Independent Policy Exam questions and answers ( A+ GRADED 100% VERIFIED) LATEST 2022/ 2023
- Exam (elaborations) • 32 pages • 2022
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State Farm Fire Independent Policy Exam questions and answers ( A+ GRADED 100% VERIFIED) LATEST 2022/ 2023 
Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: 
 
Select the single best answer: 
 
A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. 
B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. 
C. ALE ...
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NSC Exam Questions and Answers 100% Pass
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NSC Exam Questions and Answers 
100% Pass 
How long must a Carrier keep log books for? 6 months 
At what weight is a vehicle considered "commercial" and requires NSC #? 5,000kg or more 
What is the purpose of NSC? 1. To protect drivers, public, and cargo 
2. To improve road safey 
What is carriers' responsibility? 1. Educate himself 
2. Proper maintenance of vehicles 
3. Drivers are competent and qualified 
4. Establishes policy for log books, vehicle files and driver files 
What is the purpo...
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State Farm Fire Independent Policy Exam Latest 2022/2023 Graded A+
- Exam (elaborations) • 28 pages • 2023
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State Farm Fire Independent Policy Exam questions and answers ( A+ GRADED 100% VERIFIED) LATEST 2022/ 2023 Select the false statement listed below: In the HO-3 policy, the ALE payments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. C. ALE payments ...
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Personal Lines Insurance Practice Exam Questions and Answers Latest 2024-2025 | 100% Correct.
- Exam (elaborations) • 112 pages • 2024
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Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an 
accident. Which of the following statements about coverage under the parents' 
personal auto policy is CORRECT? 
A) Bobby is covered by his parents' policy because he is included in the definition 
of named insured. 
B) Bobby is not covered for this accident because he used the car without 
permission. 
C) Bobby is not covered ...
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Cheat Sheet - Property & Casualty Exam Questions and Answers 100% Pass
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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...
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ADJUSTER PRO EXAM WITH REVISED ANSWERS (2023)
- Exam (elaborations) • 16 pages • 2023
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ADJUSTER PRO EXAM WITH REVISED 
ANSWERS (2023) 
Stu has a collection of rare comic books. He wants to purchase theft insurance for his 
collection, separate from his home and other property. What term most accurately 
describes the type of policy Stu would purchase? - CORRECT ANSWER-Monoline 
Policy 
Which of the following statements does NOT apply to the Standard Fire Policy? - 
CORRECT ANSWER-It automatically covers wind and vandalism. 
Which of the following refers to being restored to the ...
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LOUISIANA CLAIM ADJUSTER SERIES 204 HOMEOWNER INSURANCE EXAM SOLVED 100%
- Exam (elaborations) • 9 pages • 2023
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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. 
 
personal package policy - Answer HO insurance is sold as a _ designed to cover a broad range of exposures related to owning and renting a part of a home. 
 
theft insurance and personal liability coverage under one contract - Answer the HO insur...
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NJ PSI Property and Casualty Exam with 100% Correct Answers 2023
- Exam (elaborations) • 5 pages • 2023
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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...
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