Which of the following risk would not be eligible for coverage under a homeowners policy?

Which two are not usually covered by homeowners insurance?

Highly valued items, such as jewelry, fine art, and collectibles, are often excluded from a typical policy for replacement costs. In addition, damage from certain weather events, like floods or earthquakes, usually requires you to purchase additional home insurance. Be sure to check your liability coverage.

Who is not considered an insured?

Independent contractors, for instance, are usually not considered insured. They are generally required to have their own insurance coverage. Similarly, vendors or clients benefiting from your services might not be covered unless explicitly added as Additional Insureds.

What is excluded from a homeowners insurance policy?

Not all damages are covered by a home insurance policy; common exclusions include floods, earthquakes, landslides, pests and mold. Homeowners can purchase endorsements or additional policies to cover excluded risks, such as coverage for high-value items or flood insurance.

What does homeowners insurance not cover quizlet?

Policies will NOT cover loss or damage from... flooding, earthquakes, termites, freezing pipes, wear and tear, or lack of maintenance. Flood insurance is available for purchase, and in some cases required depending on where the home is located.

Which of the following perils is excluded under a homeowners policy?

Earthquakes, sinkholes, and earth movements: Standard homeowners insurance policies typically don't cover damage caused by earthquakes, landslides, or sinkholes. A separate policy or endorsement is usually required to cover these perils.

What to avoid with homeowners insurance?

Which could never be covered by an endorsed homeowners policy?

Earthquakes, landslides and sinkholes generally aren't covered under home insurance. Exceptions include Florida and Tennessee, where insurers must offer optional sinkhole protection. Aside from that, you'll need separate coverage for these disasters, which your insurer can help you find.

What is the all risk homeowners policy?

All risks and named perils are two types of insurance commonly offered to homeowners and business owners. Insurance that allows for all risks means the policyholder can seek compensation for any events that the contract hasn't directly ruled out as being covered.

Which is not covered by the Homeowner's Protection Act?

The act does not apply to mortgage insurance made available under the National Housing Act, title 38 of the U.S. Code, or title V of the Housing Act of 1949, including mortgage insurance on loans made by the Federal Housing Administration and guarantees on mortgage loans made by the Veterans Administra- tion.

Which person is not a covered resident under homeowners policies?

Although your homeowners policy covers many people, there is one group who generally isn't covered--tenants.

Which of the following properties is not covered under Coverage A of a dwelling policy?

Dwelling coverage only applies to structures attached to your main residence, meaning that detached garages, sheds, barns, unattached guest homes, fences, or any other detached structures are typically not covered under dwelling coverage.

What is not covered with homeowners insurance?

Important: Read exclusions in your insurance contract. Earthquake, flood, mold, earth movement, and “wear and tear” are some of the perils that are usually excluded.

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 problems is not covered by a homeowners coverage policy of title insurance?

One common problem not covered by title insurance is boundary line issues, which would be revealed by a survey of the property (for example, it turns out that your fence is actually two feet onto your neighbor's property). Unrecorded mechanics' liens and unpaid public utility bills are other examples.

Which of the following would not be covered by homeowners insurance?

There may be other exclusions spelled out in your policy such as neglect, intentional loss, "earth movement (landslide)", general power failure and even damage caused by war. If you neglect to take care of your property (i.e., a leaky roof), you may not be covered.

What is excluded from coverage?

An exclusion is a provision within an insurance policy that eliminates coverage for certain acts, property, types of damage or locations. Things that are excluded are not covered by the plan, and excluded costs don't count towards the plan's total out-of-pocket maximum.

Is a well collapse covered by homeowners insurance?

Well failure and repair are covered by homeowners insurance if the damage or failure was caused by a covered peril, such as lightning or a hurricane.

Which risk Cannot be insured?

An uninsurable risk could include a situation in which insurance is against the law, such as coverage for criminal penalties. An uninsurable risk can be an event that's too likely to occur, such as a hurricane or flood, in an area where those disasters are frequent.

What is not included in insurance?

Most health insurance will not cover elective or cosmetic procedures, beauty treatments, off-label drug use, or brand-new technologies. If health coverage is denied, policyholders can appeal for exceptions or allowances based on an individual's situation and prognosis.

Which of the following is not a consideration in a policy?

The consideration not included in an insurance policy is the premium amount paid at the time of application. The premium is determined after the application process during underwriting and may not reflect the initial payment made at application.