Which of the following perils is not covered under a standard homeowners policy?

What perils are not covered?

Which of the following perils is not covered under the Standard fire and Special perils policy?

Exclusions of a Standard Fire and Perils Insurance Policy:

Nuclear risks. Damage, destruction, or loss to unset precious stones, bullion, works of art, securities, plans, drawings, money, and similar items. Destruction, damage, or loss to stocks in cold storage premises caused by changes in temperature.

Which is not an essential component of a standard homeowners insurance policy?

Standard homeowners policies do not cover flooding, earthquakes or poor maintenance. Flood coverage is provided by the federal government's National Flood Insurance Program, although it is purchased from an insurance agent. Earthquake coverage is available either in the form of an endorsement or as a separate policy.

What are the major exclusions in a typical homeowners policy?

Common exclusions in even the most comprehensive homeowners policies include: earth movement, such as earthquakes; sinkholes or landslides that damage your home; water damage, such as floods or sewer back-ups that leak through a pipe or seep through the foundation causing damage to your home; damage resulting from ...

Which of the following losses would not be covered by a homeowners policy?

Homeowners insurance also protects you against liability for accidents that injure other people or damage their property. The policy covers medical expenses for persons accidentally injured on your property. Most policies do not protect you against losses from floods, earthquakes, mudslides, mudflows or landslides.

Which would normally not be included in a standard homeowners insurance policy Quizlet?

The correct answer is (C). Damage from flooding is generally excluded from HO policies. Homeowners policies generally insure personal property at actual value rather than replacement value.

What two disasters are not cover under normal homeowners policies?

Which of the following is a covered peril?

A covered peril is an event that your insurance may cover. When you file a claim for a covered peril — such as a lightning strike, fire, theft, vandalism, and wind or hail damage — your insurance company may reimburse you for the damage, minus your homeowners insurance deductible.

Which of the following is excluded under a standard homeowner's policy?

Not all damages are covered by a home insurance policy; common exclusions include floods, earthquakes, landslides, pests and mold.

What does a standard homeowners policy cover?

Homeowner's insurance gives you financial protection against damages to your house, a home loss due to natural disasters, theft, and other unfortunate accidents.

What is not covered by a standard homeowner's hazard insurance policy?

Homeowners insurance doesn't cover damage from floods, earthquakes, sinkholes, mudslides, landslides, some types of water damage and any risks specifically excluded in your policy. Exclusions vary, but in general, homeowners insurance won't cover: Earthquake damages.

What is not covered under a homeowners policy?

Homeowners policies may have exclusions or limitations for damages due to certain weather conditions like wind or hail. Flooding is also typically excluded, which can limit coverage for damage from heavy rains and storm surge.

Which of these is not usually covered by homeowners insurance?

Luckily, most natural disasters are covered under home insurance. Your policy probably covers wind storms, hail, lightning and wildfires. There are a few things that your policy may be missing, though. More than likely, your policy doesn't cover flooding or earthquakes.

What are standard policy exclusions?

Policy exclusions create a balance between coverage for fortuitous losses (losses you couldn't have reasonably prepared for) and the need to remain solvent in order to pay those claims. For example, a homeowners insurance policy doesn't include flood insurance.

Which of the following aspects are covered by standard homeowner's policies?

Standard homeowners insurance includes coverage for your house, other structures on your property, your belongings, personal liability, medical payments coverage to others, and even temporary living expenses while your home is being rebuilt or repaired due to a covered loss.

What is standard insurance coverage?

Standard auto insurance offers coverage to average-risk drivers who are neither high-risk nor very low-risk. The insurer considers such information as driving record, accident history, vehicle type, car usage, credit history, and location when determining whether to offer coverage.

Which of the following is not included in Section I of the homeowners policy?

Section I of the Homeowners Policy provides coverage for property-related losses. Among the options provided, "C) Coverage C - Personal Property" is not found under Section I of the Homeowners Policy. To break it down: A) Coverage A - Dwelling: This covers the main structure of the home, such as the house itself.

What are excluded perils?

In insurance: Excluded perils. Among the excluded perils (or exclusions) of homeowner's policies are the following: loss due to freezing when the dwelling is vacant or unoccupied, unless stated precautions are taken; loss from weight of ice or snow to property such as fences, swimming pools, docks,…

What are standard perils?

Fire, theft, wind, and vandalism are common perils that most homeowners policies cover. Understanding what perils your home insurance covers is key to making sure you have the appropriate protection.

What is not covered in a standard fire policy?

Perils that are not covered by fire insurance unless add-on covers are bought for the specific risk: Terrorism. Earthquake. Burglary, Housebreaking, theft, etc.