Exam 21: Homeowners Insurance,section II

Which of the following statements regarding watercraft liability under Section II of an unendorsed HO-3 policy is (are)true? I.No coverage is available for watercraft liability. II.Liability arising out of the use of watercraft that are under certain length and horsepower limits is covered.

Which of the following statements concerning the scheduled personal property endorsement with agreed value loss settlement is (are)true? I.The endorsement provides open-perils ("all-risks")coverage on the scheduled property. II.Losses under the endorsement are settled on an actual cash value basis.

All of the following are exclusions in the homeowners policy that apply to medical payments to others (Coverage F.EXCEPT

Which of the following statements about the scheduled personal property endorsement to the homeowners policy is (are)true? I.It provides named-perils coverage on scheduled items. II.It can be used to insure valuable items such as jewelry,silverware,and coin collections.

Liability arising out of which of the following is covered under the personal injury endorsement to the homeowners policy?

Reggie just purchased a home.A friend told him to consider insurance coverage for natural disasters when insuring the home.A loss from which of the following perils is covered under an unendorsed Homeowners 3 policy?

All of the following situations are excluded from coverage under Section II of the homeowners policy EXCEPT

One of the "Tips for Buying a Homeowners Policy" is to consider purchasing a personal umbrella policy.What coverage is provided by a personal umbrella policy?

Liability arising out of which of the following is covered under Coverage E of an unendorsed Homeowners 3 policy?

Which of the following situations is covered under Section II of an unendorsed homeowners policy?

All of the following persons are insured for personal liability under the homeowners policy EXCEPT

Which of the following statements about the additional coverages included in Section II of the homeowners policy is true?

Which of the following statements about the personal property replacement cost endorsement used with the homeowners policy is (are)true? I.The damaged or destroyed property must be repaired or replaced,no matter the size of the loss. II.It is designed primarily for antiques and fine art.

All of the following losses are excluded from coverage under Section II of an unendorsed Homeowners 3 policy EXCEPT

Which of the following statements about the insurer's obligation to provide a legal defense under the personal liability coverage (Coverage

Which of the following losses would be covered under the medical payments coverage of the Homeowners 3 policy?

All of the following are considered insured locations for medical payments to others (Coverage F.under a homeowners policy EXCEPT

Which of the following statements about the coverage for medical payments to others (Coverage F.under the homeowners policy is true?

Lu would like to save money on her homeowners premium.All of the following steps will help her to reduce her homeowners premium EXCEPT

Which of the following statements is (are)true concerning the use of an individual's credit history as an insurance rating factor? I.Individuals with poor credit histories,as a group,generally file more homeowners claims than do individuals with good credit histories. II.The use of credit history as an insurance rating factor is controversial.