D) Whatever it will reasonably cost. Which of the following endorsements to the Homeowners Policy adds coverage for injury resulting from libel, slander, false arrest, defamation, invasion of privacy and other such offenses that could result in a personal liability suit? C. homes What is the amount of the dividend s in arrears? Scheduled Vs. Unscheduled Personal Property Coverage | Grange Insurance Association Grange Insurance Association's (GIA) Annual Policyholder Meeting will be held on Monday, March 20, at 10:00 a.m. These duties include household and domestic services, such as those of a gardener or nanny. All of the following are defined as insured locations under the Homeowners Policy, except: Farmland owned by the insured -- Farmland owned by the insured is not covered. Coverage D of a Homeowners Policy includes loss of income from an incidental business The homeowners policy contains which of the following types of insurance coverage? All of the following are eligible for coverage under a homeowners policy except, Are eligible for homeowners policy if the mobile home endorsement is attached. "Personal Property Home Inventory." B) $500.00 Renters Insurance Coverage and Policies | Allstate Renters insurance can do more than help protect your property. However, there are still a couple of issues to note when using a form such as the HO 04 61 (05 11)Scheduled Personal Property Endorsement. The insured is less likely to have gaps in coverage by having property and liability insurance in one policy When an insured adds a scheduled personal property endorsement to a homeowners policy Coverage is provided on an open peril basis Which of the following additional coverages is only included in certain homeowners forms? C. Payment under Damage to Property of Others is made regardless of negligence He also holds a bachelor's degree in electrical engineering from the Multimedia University of Kenya. C. The insured's tenant covers damages that the insured becomes legally obligated to pay because of bodily injury or property damage caused by an occurrence to which coverage applies. Collapse (Is included in HO-2, 3, 4, 5, and 6, Which of the following coverages applies to personal property owned or used by an insured and is included in all homeowners policies. | Allstate An insurance endorsement is a change to your insurance policy, such as an addition of coverage. How can government use taxes to reallocate the use of resources in the economy? Natalie offers to rent a room in her home to a local college student. Although she is willing to accept the insurer's settlement offer for the ceiling, walls, and hardwood floors, she objects to the insurer taking into account depreciation of the furniture and clothing. A HO-3 policy provides coverage on which basis? D. Art on exhibition, Which floater covers a heating/air conditioning dealer putting a new furnace system in an office building? Definition amd Coverage, Tiny House Insurance: How to Insure Your Tiny Home, What Is Umbrella Insurance Policy? The pair of earrings cost $15,000 and was recently valued at $20,000. Coverage F: Medical Expenses, Example that is covered under Coverage A: dwelling, Example that is covered under Coverage D: loss of use, The loss of income from the boarder in a house having to be moved, Example that is covered under additional coverages. For more jewelry. C. 100% of the actual cash value. \text{\$25.000} & \text{2.1\\% compounded monthly} & \text{64 mo} & \text{d.}\\ C. Fine art floater A scheduled personal property endorsement provides higher limits on expensive valuables and provides broader coverage than a standard policy. D. 90. How much money would she have to earn each year before it was considered a business activity under a homeowners policy? \end{array} Fred and Sharon live in an older home whose replacement cost far exceeds its market value. $100 Which of the following claims would be covered by the First Aid Expenses under the Homeowners Policy? Which of the following pays all necessary medical expenses to others incurred within 3 years of an accident that causes bodily injury? One classified ad lists a job that pays 64.6K. Coverage A under the Homeowners Policy includes coverage for which of the following? Insurer investigation expenses are in addition to the limits stated in Coverage E Since coverage is so broad, HO-3 is the most popular type of coverage for owner-occupied single-family homes. Section II covers the neighbor's medical expenses and property damage losses. Scheduled personal property may increase the coverage limits on expensive items such as jewelry, furs, art and antiques, stamps, coin collections, or other select collectibles. B. What endorsement changes Coverage C- personal property in the HO-3 from a named peril to open peril? C. furs and jewelry B. The insured's tenant - Roomers or boarders are not considered insureds, and would need to purchase their own liability policies. If it suffered extensive damage and had to be replaced, the replacement value might substantially exceed its market value. B) cost to have the dog put to sleep. Joaquin wants both property and liability insurance in one policy. He purchases a homeowners policy, which is essentially a. Jack and Mary rent a cabin for two weeks. Homeowners policy endorsement that covers the insured's business activities conducted on the residence premises. Coverage applies because the limitation on property usually located at other residences does not apply to temporary locations. B) cost to have the dog put to sleep. The definition also includes a person who performs similar duties elsewhere that are not related to any business of the insured, such as a person hired to paint the insured's house, as so long as the insured doesn't own a business that paints houses. C) Scheduled personal property endorsement. A) A duty to act, a failure to act, an injury to another person and an uninterrupted chain of events. Inherent vice Damage caused intentionally by the insured's 10-year-old son ----Intentional damage by a child under age 13 is covered. Scheduled personal property is an endorsement you add to your homeowners insurance to provide extra coverage for your valuables. D. The Damage to Property of Others duplicates coverage that is included in Section I. \begin{matrix} What is relocation diffusion in human geography? The land on which the dwelling is located Because the medical payments limit applies per person, the insurer will pay actual expenses up to $5,000 per person: $5,000 + $4,000 + $3,000 + $2,000 + $1,000 = $15,000. A show dog D. Installation Floater, Tourist luggage is insured by which floater? Home-Based Business Insurance: What It Is, Costs, and Companies, Home Daycare Insurance: What It Is, Costs, and Companies. The scheduled personal property endorsement provides coverage for specific items of property, such as a watch, that exceeds the internal limit on the policy. A note for $3500\$ 3500$3500 was made at 8%8 \%8% per year compounded annually for 333 years. At a .05 level of significance, do the sample data justify the conclusion that the variance in stopping distances on wet pavement is greater than the variance in stopping distances on dry pavement? A windstorm damages Tyrone and Belinda's garage and screened-in porch. D. Property damage -- Physical injury to tangible property, but does not include loss of use of that property, Property damage -- Physical injury to tangible property, but does not include loss of use of that property. Coverage B: Other Structures Molly also has a $2,500 scheduled personal property endorsement covering her jewelry. The different classes of property that are eligible for coverage . \text { Average number of common shares outstanding } & 617.2 & 645.2 & 652.6 Today, it's replacement value is $60K. The Home Day Care endorsement does not provide which of the following? Examples of possessions that may have limited coverage from standard policies include fine artwork, antiques, jewels, furs, and gold coins or bars. no, because there are more than 4 units in the dwelling. B. The Personal Injury endorsement adds coverage for non-physical injuries to others, including invasion of privacy. C. fine art An employee whose duties are related to the maintenance of the residence premises, is defined as which of the following under Section II of the Homeowners Policy? Under the HO-4 and HO-6, personal property is covered on which basis? They want to buy insurance to cover their personal property and protect them against liability claims from third parties. Also known as scheduled personal property coverage, this is a way to raise the coverage limits of specific high-value items, such as valuable family heirlooms, that you own. Physicians and Surgeons Floater C. Home schooling is covered under a Homeowners Policy B. fine art A wildfire is burning near Linda's house and the sheriff's department orders her to evacuate. B. You may not realize the value of what you own until your home is damaged or vandalized. He is concerned that his homeowners policy will not provide enough coverage. Mr. Conrad lives on the second floor of a duplex he bought. Kevin came home from work to find that his house had been vandalized. The extent to which a person feels enthusiastic, active and alert is known as ________. C. Contractor's Equipment Floater A. replacement cost }\\ B) A duty to act, a branch of the duty, a resulting injury, a trail lawyer and a judge. On dry pavement, the standard deviation is 16 feet. B. bridges owned by municipalities D. Any person legally responsible for watercraft owned by an insured. detached garages B. ocean marine, Which peril is covered by a scheduled personal property endorsement? B. Insects D) damage to the neighbor's clothing. A. a stated value basis. B. mariners Damage to Property of Others coverage is provided up to a specified limit regardless of negligence - Damage to Property of Others pays up to $1,000 regardless of whether the insured is liable or not. It provides Commercial General Liability coverage for the day care operation Jack knows that his homeowners policy pays for damage to the home on the basis of replacement value. pools Protection extends to additional types of loss above that covered by the homeowner's policy. A. Which of the following is false in regard to the Home Day Care endorsement? Retrieve copies of either the receipts or appraisals of each item. What is Scheduled Personal Property? non-owned vehicles Items that are scheduled and insured under a scheduled personal property endorsement are covered on a . Which of the following would not be eligible to purchase a Homeowners Policy? Some companies limit the amount to 10 percent of the amount of insurance you have for your possessions. C) the neighbor's medical expenses. Which of the following is true regarding the HO-3 (Special Form)? Water damage Personal Effects, Inland Marine policy losses are usually calculated with which method of valuation: The Scheduled Personal Property Endorsement, HO 04 61, does not define fine arts, leaving the category open for anything that does not fall into the jewelry, furs, cameras, musical. What endorsements allows an insured to purchase coverage in excess of the special limits of liability contained in the homeowners policy for certain items of personal property'such as jewelry, fine arts, and musical instruments'and also broadens coverage?

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