Question 1

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

Accepted Answer

A) raising the deductible in the homeowners policy to a higher amount. 
B) shopping around a homeowners policy. 
C) installing burglar alarms,smoke detectors,and dead-bolt locks. 
D) adding a personal property replacement cost endorsement. 
A) raising the deductible in the homeowners policy to a higher amount. 
B) shopping around a homeowners policy. 
C) installing burglar alarms,smoke detectors,and dead-bolt locks. 
D) adding a personal property replacement cost endorsement.

Question 2

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

Accepted Answer

A) Damage to property of others is covered only if the insured is legally liable. 
B) Damage to property arising out of a business engaged in by the insured is covered. 
C) Interest that accrues on a judgment after the judgment is awarded but before the judgment is paid is covered under claims expenses. 
D) First aid expenses incurred by the insured for a bodily injury covered under the policy are not covered. 
A) Damage to property of others is covered only if the insured is legally liable. 
B) Damage to property arising out of a business engaged in by the insured is covered. 
C) Interest that accrues on a judgment after the judgment is awarded but before the judgment is paid is covered under claims expenses. 
D) First aid expenses incurred by the insured for a bodily injury covered under the policy are not covered.

Question 3

For which of the following situations would there be personal liability coverage under the homeowners policy?
I.The named insured accidentally injures her husband with a hammer.
II.The named insured breaks his wife's valuable vase while practicing his golf swing.

Accepted Answer

A) I only 
B) II only 
C) both I and II 
D) neither I nor II 
A) I only 
B) II only 
C) both I and II 
D) neither I nor II

Question 4

John purchased an unendorsed Homeowners 3 policy.The coverage will expire next month.Which of the following changes will lower the premium that John will pay?

Accepted Answer

A) reducing the deductible 
B) adding a replacement cost endorsement for personal property 
C) switching to an HO-2 policy 
D) adding a personal injury endorsement 
A) reducing the deductible 
B) adding a replacement cost endorsement for personal property 
C) switching to an HO-2 policy 
D) adding a personal injury endorsement

Jane 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 about the additional coverages included in Section II of the homeowners policy is true?

For which of the following situations would there be personal liability coverage under the homeowners policy? I.The named insured accidentally injures her husband with a hammer. II.The named insured breaks his wife's valuable vase while practicing his golf swing.

John purchased an unendorsed Homeowners 3 policy.The coverage will expire next month.Which of the following changes will lower the premium that John will pay?

Risk and Its Treatment

Insurance and Risk

Introduction to Risk Management

Enterprise Risk Management

Types of Insurers and Marketing Systems

Insurance Company Operations

Financial Operations of Insurers

Government Regulation of Insurance

Fundamental Legal Principles

Analysis of Insurance Contracts

Life Insurance

Life Insurance and Contractual Provisions

Buying Life Insurance

Annuities and Individual Retirement Accounts

Health-Care Reform;individual Health Insurance Coverages

Employee Benefits: Group Life and Health Insurance

Employee Benefits: Retirement Plans

Social Insurance

The Liability Risk

Auto Insurance

Auto Insurance Continued

Homeowners Insurance,section I

Other Property and Liability Insurance Coverages

Commercial Property Insurance

Commercial Liability Insurance

Crime Insurance and Surety Bonds

Filters

Exam 23: Homeowners Insurance,section II

Jane 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 about the additional coverages included in Section II of the homeowners policy is true?

For which of the following situations would there be personal liability coverage under the homeowners policy? I.The named insured accidentally injures her husband with a hammer. II.The named insured breaks his wife's valuable vase while practicing his golf swing.

John purchased an unendorsed Homeowners 3 policy.The coverage will expire next month.Which of the following changes will lower the premium that John will pay?

Risk and Its Treatment

Insurance and Risk

Introduction to Risk Management

Enterprise Risk Management

Types of Insurers and Marketing Systems

Insurance Company Operations

Financial Operations of Insurers

Government Regulation of Insurance

Fundamental Legal Principles

Analysis of Insurance Contracts

Life Insurance

Life Insurance and Contractual Provisions

Buying Life Insurance

Annuities and Individual Retirement Accounts

Health-Care Reform;individual Health Insurance Coverages

Employee Benefits: Group Life and Health Insurance

Employee Benefits: Retirement Plans

Social Insurance

The Liability Risk

Auto Insurance

Auto Insurance Continued

Homeowners Insurance,section I

Other Property and Liability Insurance Coverages

Commercial Property Insurance

Commercial Liability Insurance

Crime Insurance and Surety Bonds

Filters