Multiple Choice
Choose the one most appropriate answer for each.
-describes a policy that covers all perils, except those excluded in writing
A) all-risks policy
B) actual cash value
C) broad form (HO-2)
D) endorsement
E) flood insurance
F) form HO-4
G) form HO-6
H) homeowner policy
I) homeowner's warranty
J) inflation guard
K) insurable interest
L) insurance premium
M) insured
N) medical payments
O) new for old
P) old for old
Q) peril
R) public liability
S) tenant's policy
T) worker's compensation policy
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Forms HO-3 and HO-5 are typically not
Q2: An insurance policy which fixes the insurance
Q4: The lender on a condominium unit will
Q5: There are no exclusions in an all-risks
Q6: When a property is mortgaged to a
Q7: The liability coverage of a homeowner policy<br>A)
Q8: Choose the one most appropriate answer for
Q9: The owner of a rented property may
Q10: A homeowner policy is a policy that
Q11: As an owner of real estate, one