Exclusions and Conditions

Which of the following causes of loss could be covered by Section I of an unendorsed homeowners policy?

Which condition states the insured cannot transfer ownership of the policy to someone else unless the insurer provides written consent?

Which of the following causes of loss could be covered by Section I of an unendorsed homeowners policy?

The Homeowners policy states that if the named insured dies, the policy will insure

Which of the following losses could be covered by Section II of a homeowners policy?

Which of the following losses could be covered by Section II of a homeowners policy?

Which of the following losses could be covered by Section II of a homeowners policy?

Martina’s home has a replacement cost of $1,000,000. To satisfy the coinsurance requirement on her homeowners policy, she needs to

According to the appraisal condition of a homeowners policy, if the named insured and the insurer fail to agree on the amount of loss, each party will hire an appraiser, and the two appraisers will

According to the Loss Payment condition of a homeowners policy, losses will be payable within how many days after the insurer receives proof of loss and an agreement or decision has been reached as to the amount payable?

If the insurer has made a payment for lost property, and then that property is later recovered and returned to the insured, the loss payment will be adjusted based on the amount received for the recovered property. This is stated in which homeowners policy condition?

According to the Volcanic Eruption Period condition of a homeowners policy, one or more volcanic eruptions that occur within a

Mary Jane and Roger Smith are both insureds on their homeowners insurance policy which has a $300,000 Personal Liability limit. They are both sued when a guest is injured in the Smith’s backyard pool. The lawsuit settlement stipulates that each insured must pay $300,000 to the injured person for a total of $600,000. How much will the homeowners policy pay?

Paula and Peter Jones are both insureds on their homeowners insurance policy which has a $3,000 limit on Coverage F – Medical Payments to Others. They and two visitors named Victor and Valerie are injured when a car smashes into the home. The medical expenses are as follows: Paula $3,000; Peter $7,000; Victor $6,000; Valerie $4,000. How much will the homeowners policy pay under Coverage F – Medical Payments to Others?

Regarding the Cancellation condition, which of the following statements is NOT true?

Which of the following perils is NOT excluded by Section I – Property of a Homeowners policy?

Which of the following is NOT excluded by Section II – Liability of a Homeowners policy?

If the insurer makes a change to the policy effective during the policy period that broadens coverage of the policy, the insurer cannot charge an additional premium. This statement describes which condition of a Homeowners policy?