Exam 20: Homeowners Insurance,section I

One additional coverage under the homeowners policy makes available up to 10 percent of the Coverage A limit to cover increased repair costs after a loss in order to comply with a stricter building code.This additional coverage is called

Which of the following statements about eligibility requirements for homeowners insurance is (are)true? I.A contract can be written on a twenty-unit apartment complex as long as the tenants are families. II.Separate forms are available for renters and condominium owners.

Which of the following statements about the additional coverages under Section I of the Homeowners 3 policy is true?

Which of the following losses to a dwelling would be covered under an unendorsed Homeowners 3 policy?

Following catastrophic hurricane losses,South Coast Insurance Company changed its deductible provision.Rather than using a specified dollar value,$250 for example; the dollar value of the deductible increases with the size of the loss.The type of deductible that South Coast changed to is called a(n)

Jose and Maria would like "open-perils" coverage on their home and their personal property.Which unendorsed homeowners form provides this coverage?

A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $100,000 at the time the roof was destroyed by a windstorm.The actual cash value of the loss was $9,000,but it will cost $12,000 to replace the roof.Assuming no deductible,what will the insurer pay to settle this loss?

The major difference between the dwelling coverage (Part A.of the Homeowners 2 (Broad From)policy and the Homeowners 3 (Special Form)policy is that

Which of the following statements concerning the coverage of collapse of the dwelling under an unendorsed Homeowners 3 policy is true?

All of the following losses are subject to special limits of liability under the Homeowners 3 policy EXCEPT the

Which of the following statements about the personal property coverage (Coverage C.of the Homeowners 3 policy is (are)true? I.The coverage applies only in the United States and Canada. II.The full amount of coverage applies only if the property is permanently located at any residence of the insured.

If there is a conflict between state law and a provision in a homeowners policy,

Section I of the Homeowners 3 policy provides coverage for which of the following?