What is not protected by most homeowners insurance framework?

Many homeowners policies cover damage caused by “just about anything,” unless specifically excluded. Most catastrophes are covered. For example, wind damage from hurricanes or tornadoes is covered as a windstorm peril. But, flood damage and earthquake damage are NOT covered by a standard homeowners policy.

What are the four areas protected by most homeowners insurance?

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.

What 3 areas are covered in a typical homeowners policy?

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.

Which of the following is not covered under Coverage A of the homeowners policy?

All of the following are covered under a Homeowners Policy, except: The policy does not cover all living expenses, only necessary additional living expenses. … Roomers or boarders are not considered insureds, and would need to purchase their own liability policies.

What are the parts of 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.

Which of the following would your liability insurance protect you against?

Property damage liability covers damages to your car from accidents that are your fault. Legal expenses incurred by an insurance company when defending you against a lawsuit are deducted from your limits of liability coverage.

Which of the following is not covered under homeowners policy section II?

Which statement is true concerning Section II of a Homeowners Policy? … Property of a roomer, boarder or tenant — Property of roomers, boarders, or tenants is not covered under the policy.

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.

Which coverage is not 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 is not included in the declaration of a property policy?

Which of the following is not included in the Declarations of a Property Policy? The perils not covered are listed in the Exclusions. Theft is specifically defined as: … The Deductible is the amount of each loss that the insured must bear before the policy responds to the loss.

What is covered under Section 1 of homeowners policy?

Section I: Property Coverages

Coverage C – Personal Property covers the contents of your home such as furniture, appliances, clothing, and toys. Coverage D – Loss of Use provides coverage for additional living expenses when you “lose” the use of your home due to a covered loss.

What is section 1 of the homeowners policy?

The initial section of Section I of the standard homeowners insurance policy simply clarifies what is and what is not covered by the insurance carrier. It summarizes the type of property coverage, the covered causes of loss (i.e. lightning, fire, windstorm), and lists exclusions to coverage.

Which of the following is not covered under the building and personal property coverage form?

Building and personal property coverage form excludes claims for loss or damage to land, water, bridges, roadways, and underground pipes or drains. The policy also excludes any loss to plants, crops, trees and shrubs. … Vehicles, watercraft, and aircraft—unless specifically named as insured property—are also excluded.

What coverage is not included under the boatowners policy?

There is a deductible on the building and a separate deductible on the contents. What coverage is not included on the Boatowners Policy? Personal Property Coverage; Other coverages include watercraft liability coverage, uninsured boaters, and even towing is usually available.

Which of the following is not covered under the condominium commercial unit owners coverage form?

The Condominium Commercial Unit-Owners Coverage covers each of the following, except: Personal property The unit-owners’ appliances cannot be owned by the insured to qualify for coverage, but the business personal property of the insured is covered.

Which of the following is not excluded under Part A of the CGL form?

Which of the following is NOT excluded under Part A of the CGL form? The mobile equipment exclusion applies to the transportation of mobile equipment by the insured. However operation of mobile equipment is not excluded unless for racing or stunting.

Which of the following is not covered by the Builders Risk coverage form?

A builders risk coverage form provides protection against losses on the building, equipment, and supplies, but not to accidents on the job, the land, scaffolding, and theft. The policy does not cover war, nuclear hazards, extreme weather, or government seizure.

Which of the following is not a common policy condition on a commercial property policy?

Which of the following is not a common policy condition on a commercial property policy? The Abandonment provision is found in the conditions section of the Commercial Property Coverage Part, but is not a common policy condition under the CPP.

Which of the following is not included in the general aggregate limit?

The only circumstances in which the general aggregate limit does not apply is to damages because of bodily injury or property damage arising out of the products-completed operations hazard.

Which of the following would not be covered by commercial inland marine policies?

Inland marine insurance does not cover: Stationary property at your main location. Your business vehicles. Damage from earthquakes and floods.

Which of the following is not considered an insurance contract under the commercial general liability policy?

Which of the following is NOT considered an insured contract under the commercial general liability policy? The commercial general liability coverage form excludes bodily injury or property damage that the insured has assumed under any contract or agreement.

Which of the following would not be considered an insured under CGL?

Which of the following would not be considered an insured under a CGL? An LLC employee’s spouse assisting in cleaning the office so they can leave for vacation more quickly — The spouse of an LLC employee is not considered an insured. The LLC, its members and managers are considered insureds.

Which of the following are excluded under Coverage A of the CGL?

Expected or intended bodily injury or third-party property damage= The Coverage A doesn’t include bodily injury or property damages which arise due to an act intended by the policyholder.