Which one of the following is not covered under home insurance policy?

• Damage caused by earth movements such as sinkholes and earthquakes.
• Issues caused by neglect or improper maintenance of the property.
• Damage caused by termites and other insects.

What are the three types of coverages for homeowners insurance?

Key Takeaways. 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 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 examples of commonly covered and not covered homeowners insurance situations quizlet?

Typical homeowners insurance policies offer coverage for damage caused by fires, lightning strikes, windstorms and hail. But, it's important to know that not all natural disasters are covered by homeowners insurance. For example, damage caused by earthquakes and floods are not typically covered by homeowners insurance.

Which of the following is something that will not affect your homeowners insurance premium?

Which of the following is something that will not affect your homeowners insurance premium? Answer: A (The distance of the home from a school.)

What is covered by specific type of insurance policy?

Specific insurance is a type of property insurance in which only one individual property is covered by the policy. Specific insurance is an alternative to blanket coverage, in which a policy can cover many different properties or locations.

Which of the following homeowners coverage does not have a deductible?

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.

How many types of homeowners insurance are there?

There are eight different types of homeowners insurance policies for various home types and coverage needs: the HO-1, HO-2, HO-3, HO-4, HO-5, HO-6, HO-7, and HO-8.

Which of the following would not be considered part of the insured location under the liability section of a homeowners policy?

Which of the following would NOT be considered part of the insured location under the liability section of a homeowners policy? Dwelling replacement cost.

Which of the following are excluded from comprehensive home policy?

General exclusions of a home insurance policy in India

Intentional/willful destruction of the property (home and contents) Any property which is kutcha construction. Pre-existing damage to the structure of your home and contents. Manufacturing defects in electrical, mechanical and electronic items.

What are exclusions in insurance?

Exclusion — a provision of an insurance policy or bond referring to hazards, perils, circumstances, or property not covered by the policy. Exclusions are usually contained in the coverage form or causes of loss form used to construct the insurance policy.

What are some items typically excluded from property insurance?

What factors affect home insurance?

What affects my home insurance premium?

Homeowners insurance varies from person to person because there are several personal factors used to calculate home insurance rates. Marital status, credit history and even your dog's breed could affect the amount you pay in premiums.

What is homeowners insurance premium?

Your homeowners insurance premium is the amount of money you pay every year to keep your insurance policy active. Most insurers offer flexible payment options, with the ability to pay your homeowners premiums monthly, quarterly or annually.

Which of the following is not a peril covered under the personal property coverage in the Ho 3 special form?

Dwelling and other structures are also covered on an open peril basis. Open peril coverage provides coverage for all risks except those specifically excluded in the contract. Which of the following is NOT a peril covered under the personal property coverage in the HO-3 Special Form? A) Freezing.

Which of the following individuals is not an insured under Section 1 of the homeowners policy?

Which of the following individuals is NOT an insured under Section I of the homeowners policies? Resident relative of the insured. Person hired by the insured to perform work on the insured premises.

Which of the following coverages in the homeowners policy is used to protect Sam when a friend Files Suit After falling down basement stairs that Sam is repairing?

Which of the following coverages in the homeowners policy is used to protect Sam when a friend files suit after falling down basement stairs that Sam is repairing? Coverage E-Personal Liability.

What are the three types of insurance?

Then we examine in greater detail the three most important types of insurance: property, liability, and life.

What are the 2 types of home insurance?

Which coverage is not provided under Section II of a homeowners policy?

Four Section II exclusions— an insured's premises that are not an insured location, motor vehicles, watercraft, and aircraft—do not apply to bodily injury sustained by a “residence employee” in the course of employment by an insured.