Which of the following do most homeowners policies exclude coverage for?

• Earth movement. ...
• Water Damage. ...
• Intentional or Preventable Loss. ...
• Ordinance or Law. ...
• Mold Damage. ...
• Luxury items. ...
• Aggressive Dog Breeds, Pools, & Trampolines. ...
• Defamation of Character.

Which two perils are generally excluded from most insurance coverage?

The most common types of perils excluded from all-risks coverage include earthquake, war, government seizure or destruction, wear and tear, infestation, pollution, nuclear hazard, and market loss.

What is not protected by most homeowners insurance?

Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered. Damage caused by smog or smoke from industrial or agricultural operations is also not covered. If something is poorly made or has a hidden defect, this is generally excluded and won't be covered.

Which area is not protected by most homeowners insurance?

2. What's NOT Covered On a Standard Homeowners Insurance … Earthquake and water damage. In most states, earthquakes, sinkholes, and other earth movements are not covered by your standard policy.

Which of the following is not covered under homeowners policy section II?

Which statement is true concerning Section II of a Homeowners Policy? ... Property of a roomer, boarder or tenant --- Property of roomers, boarders, or tenants is not covered under the policy.

What is excluded under Coverage C?

Certain personal possessions are excluded from personal property coverage, including: Vehicles. Credit cards. ... Personal property you are renting to others.

Which of the following is usually included in a basic homeowners insurance policy?

A standard policy includes four key types of coverage: dwelling, other structures, personal property and liability. If your home is damaged by a covered event, like strong winds, dwelling coverage can help pay to repair it.

What does an ho3 policy exclude?

Common HO-3 exclusions include: Ordinance or law. Earthquakes, sinkholes, and other earth movements. Water damage.

Why do insurance policies include exclusions from coverage?

Insurance exclusions are policy provisions that waive coverage for certain types of risks or 'events. ' They are an important way that an insurer can narrow the range of coverage—with an exclusion clause—for risks that they are unwilling to cover.

Which of the following could be insured under Coverage B of a homeowners policy?

Explanation: Other Structures--Coverage B covers structures on the premises set apart from the dwelling by clear space, such as a detached garage. The policy does not cover other structures rented to others for other than use as a private garage. A detached garage used for business is also not covered.

Which of the following can be insured under an unendorsed homeowners policy?

An unendorsed dwelling policy offers limited property coverage. ... While an unendorsed homeowners policy will cover the value of basic belongings and the house itself from ordinary perils, an endorsed policy will cover any value that you stipulate against all forms of loss.

What is covered under Section 1 of homeowners policy?

Section I: Property Coverages

Coverage C – Personal Property covers the contents of your home such as furniture, appliances, clothing, and toys. Coverage D – Loss of Use provides coverage for additional living expenses when you "lose" the use of your home due to a covered loss.

What options are there for homeowners insurance?

Is loss of use protected by most homeowners insurance?

Loss of use coverage (or coverage D) is typically included in most homeowners and renters insurance policies and provides homeowners with reimbursement for two main things: additional living expenses and lost rental income.

Which type of standard policy includes coverage options that would not exclude damage by flood?

Flood damage is excluded under standard homeowners and renters insurance policies. Separate flood insurance coverage, however, is available for both homeowners and renters as a separate policy both from the National Flood Insurance Program (NFIP) and from a few private insurers.

What are liability coverages?

Liability coverage pays for property damage and/or injuries to another person caused by an accident in which you're at fault. This coverage is required by most states to legally drive your vehicle. Liability coverage is broken down into 2 parts: property damage and bodily injury.

What are the six categories typically covered by homeowners insurance?

Generally, a homeowners insurance policy includes at least six different coverage parts. The names of the parts may vary by insurance company, but they typically are referred to as Dwelling, Other Structures, Personal Property, Loss of Use, Personal Liability and Medical Payments coverages.

Is hazard insurance included in homeowners insurance?

Hazard insurance is part of a homeowners insurance policy - it is not a separate coverage type. Hazard insurance is essential to keeping you, your family, and your house safe.

Which of the following is an excluded peril under a homeowners form?

An excluded peril under Section I of the HO-3 policy is theft of construction materials. In Section I—Exclusions of the HO-3 policy, there are three additional exclusions (weather, acts or decisions, and faulty workmanship) that apply only to Coverage A—Dwelling and Coverage B—Other Structures.

What covers property coverage?

Personal property is the stuff you own — furniture, electronics and clothing, for example. Whether you own a home or rent an apartment, insurance policies typically include personal property coverage. This type of coverage helps pay to repair or replace your belongings after a covered loss, such as theft or fire.

Which of the following items is a common exclusion on a house and contents policy?

Although they tend to vary between insurance companies, some of the common exclusions are: Leaving your property uninhabited for an extended period. When it comes to home and contents insurance, there's no written rule for how long you can leave your house unoccupied.