Which of the following homeowners coverage does not have a deductible?
Asked by: Prof. Godfrey Kutch V | Last update: February 11, 2022Score: 4.6/5 (5 votes)
Which of the following homeowners coverage does not have a deductible? Damage to property of Others is an Additional Coverage under Section II, which is not subject to a deductible. A guest falls in K's house and is injured in an amount of $1,000.
What is not covered under a homeowners insurance policy?
What Standard Homeowner Insurance Policies Don't Cover. Standard homeowners insurance policies typically do not include coverage for valuable jewelry, artwork, other collectibles, identity theft protection, or damage caused by an earthquake or a flood.
Which coverage Cannot be provided under Section II of a homeowners policy?
Section II provides coverage for "bodily injury" and "property damage," but not coverage for "personal injury," which includes acts such as libel, slander and false arrest among others. You can add an endorsement, Personal Injury (HO 24 82 10 00) to the Homeowners Policy to add coverage for personal injury claims.
Which of the following would not be covered as a loss under Coverage D of a homeowners policy?
Personal Injury Liability -- Section I of the Homeowners Policy contains Property coverages. Liability coverages are set forth in Section II of the Policy. Coverage D of a Homeowners Policy includes loss of income from an incidental business -- Coverage D does not cover loss of income from an incidental business.
Which of the following coverages is included in the homeowners policy but is not included in an unendorsed dwelling policy?
Which of the following coverages IS included in the Homeowners policy but is NOT included in an unendorsed Dwelling policy? Answer A is correct. Both Homeowners and Dwelling policy's provide Dwelling coverage, Fair Rental Value and Additional Living Expense coverages.
Strata Insurance Deductibles & Premiums Explained - What Existing Homeowners & New Buyers Should Do
What main coverages are included in home insurance policies?
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. Let's say a detached structure on your property, like a shed, is damaged by a fire.
What is coverage D on a homeowners policy?
Loss of use coverage, also known as additional living expenses (ALE) insurance, or Coverage D, can help pay for the additional costs you might incur for reasonable housing and living expenses if a covered event makes your house temporarily uninhabitable while it's being repaired or rebuilt.
What is not covered under Coverage B?
While Coverage B homeowners insurance's other structures protects the aforementioned items from unexpected perils, there are some exclusions in your coverage. Your policy doesn't protect against earthquakes, floods, sinkholes, normal wear and tear and problems that have been caused by negligence.
Which of the following would not be covered under Coverage C personal property?
Coverage C protects all the insured's personal property, except for the following: Motor vehicles and their equipment. Cars have their own insurance policies, so home insurance excludes them. Coverage C usually does, however, insure ordinary home maintenance vehicles like lawnmowers or snowblowers.
Which person is not a covered resident under the homeowners policy?
A nonrelative living in your home is not eligible for coverage on your policy. Full time students are considered insureds if they are related to you, under 26 years-of-age and were residents of your household before moving out to attend school. Students not related to you are covered until age 21.
What is Section II of a homeowners policy?
Section II of a typical homeowners policy contains a provision whereby your insurance company agrees to defend and indemnify you for damages you become liable to pay a third-party for certain “bodily injury” or “property damage” that results from an “occurrence.”
What are the 3 basic levels of coverage that exist for homeowners insurance?
Homeowners insurance policies generally cover destruction and damage to a residence's interior and exterior, the loss or theft of possessions, and personal liability for harm to others. Three basic levels of coverage exist: actual cash value, replacement cost, and extended replacement cost/value.
What is Section 2 liability in insurance?
Section 2: third party liability. Third party liability covers all the damages and injuries caused by your vehicle with you at the deficiency. It pays for the loss and damage caused to a life or property and thus spares you from the huge compensation which you would have been obligated to pay otherwise.
Which area is not covered 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.
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.
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 is not covered by coverage C?
Certain personal possessions are excluded from personal property coverage, including: Vehicles. Credit cards. ... Personal property you are renting to others.
What is Coverage C homeowners?
Personal property coverage, which is Coverage C within home insurance policies, helps to pay for your personal items that have been damaged, destroyed or stolen due to a covered peril. It's standard protection within many home insurance policies and is pivotal to cover those personal items that mean the most to you.
Which of the following is covered by coverage C?
Items like furniture, computers, TVs, jewelry and even clothes are considered personal belongings and, therefore, are protected under Coverage C of your home insurance policy. The most commonly covered perils include theft, vandalism, fires, hurricanes, tornados and hail.
What is Coverage A and B?
In general, Coverage A covers damage to the dwelling or house. Coverage B covers damage to other structures such as a detached garage, work sheds, etc.
What does CGL B cover?
Coverage B under a standard CGL policy covers “Personal and Advertising Injury” caused by an injury arising out of the insured's business due to false arrest, detention, or imprisonment; malicious prosecution; the wrongful eviction from, wrongful entry into, or invasion of the right of private occupancy of a room, ...
Which of the following is not covered under the dwelling broad form?
All of the following perils are included under the Dwelling Broad Form, except: Smoke damage from industrial operations - Smoke damage is a covered peril of the Dwelling Broad Form. However, the description of the peril specifically excludes smoke from agricultural smudging or industrial operations.
What does it mean to have a deductible on your policy?
The amount you pay for covered health care services before your insurance plan starts to pay. With a $2,000 deductible, for example, you pay the first $2,000 of covered services yourself. After you pay your deductible, you usually pay only a copayment or coinsurance for covered services.
Which part of a homeowners policy covers the property of the insured quizlet?
Explanation: Coverage C covers personal property under a homeowners policy. Personal property usually located in a secondary residence may be insured under Coverage C.
What is PA cover?
A compulsory personal accident or PA cover is an add-on cover offered by motor insurance providers to the owner-driver of a car that protects him against any accidental injuries.