Which of the following risk would not be eligible for coverage under homeowners policy?
Asked by: Lorine Pfeffer | Last update: December 1, 2025Score: 4.4/5 (14 votes)
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.
Who is not eligible for a homeowners policy?
Though providers may vary on the criteria used to determine whether a home is uninsurable. Living in a high-risk location, having hazardous home features, home maintenance issues, your home's history of insurance claims, and more can be reasons an insurance company may determine a house to be uninsurable.
Which of the following is not covered by liability coverage under a homeowner policy?
Damage or destruction due to vandalism, fire, and certain natural disasters are all usually covered. So is your liability if someone is injured on your property. Certain catastrophes, like flooding or earthquakes, are generally not covered by basic homeowners policies and require specialized insurance.
Who would not be insured under a homeowners policy?
Explanation: An individual under age 21 in the care of but not related to the insured would NOT be considered an insured under a homeowners policy. The insured in a homeowners policy usually refers to the homeowner or policyholder, their spouse, and any blood relatives residing in the household.
Homeowners Insurance Explained: A Beginner's Guide to Coverage, Cost, and Benefits
Which of the following risks would not be eligible for coverage under a homeowner policy?
Earthquakes, Floods, Sinkholes and Landslides
These risks are typically limited to certain parts of the country, so they aren't covered by standard home insurance.
What is not covered in a homeowners policy?
Earthquake, flood, mold, earth movement, and “wear and tear” are some of the perils that are usually excluded.
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.
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 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.
Who is covered under a homeowners policy?
Basically, homeowners insurance covers your home and other physical structures on the property (property insurance), your personal belongings (personal property insurance), and liability resulting from bodily injury or property damage suffered by others in connection with your property (liability insurance).
What to avoid with homeowners insurance?
- Under-Insuring Your Home. While this may seem like a no-brainer, many homeowners decide to go with the least amount of coverage available in an effort to save money. ...
- Setting Your Deductible Incorrectly. ...
- Forgetting About Discounts. ...
- Not Customizing Your Coverage.
Which person is not a covered resident under homeowners policies?
A family friend who does not live with the insured, however, would not be covered. Similarly, a live-in girlfriend or boyfriend does not qualify for resident relative status under homeowner insurance.
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.
What is not covered by insurance?
Health insurance typically covers most doctor and hospital visits, prescription drugs, wellness care, and medical devices. Most health insurance will not cover elective or cosmetic procedures, beauty treatments, off-label drug use, or brand-new technologies.
What is uninsurable risk?
Uninsurable risk is a condition that poses an unknowable or unacceptable risk of loss for an insurance company to cover. An uninsurable risk could include a situation in which insurance is against the law, such as coverage for criminal penalties.
What 2 perils are not covered under homeowners insurance?
Commonly excluded perils from home insurance policies include earthquakes, floods, sinkholes, certain types of water damage, wear and tear and intentional damage.
Which of the following is not included in homeowners policies?
Key takeaways. 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.
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.
Who is not an insured on a homeowners policy?
That means your roomies, girlfriend, boyfriend, and (unfortunately) partners, etc. aren't covered under your standard renters or homeowners policy. Not to worry, though. You can add them on to your policy via an endorsement called additional insured – more on that below.
Which of the following coverages are not found in all homeowners policies?
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 three types of risks that homeowners insurance covers?
Well, homeowners insurance helps protect you, your home and your belongings from all sorts of unexpected events. And with a standard policy you'll get four key types of coverage: dwelling, other structures, personal property and liability.
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 ...
What are three examples of perils in relation to homeowners insurance?
In the world of insurance, a “peril” is an event or circumstance that could result in property damage. Your homeowners, condo, or renters policy contains a list of covered perils, such as fire, lightning, and vandalism.
What is the all risk policy for homeowners?
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.