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Who is an “insured” under the Homeowners Insurance Policy? Explain the purpose of Uninsured Motorist Coverage?...

  1. Who is an “insured” under the Homeowners Insurance Policy?
  2. Explain the purpose of Uninsured Motorist Coverage?
  3. List four additional property coverage items included under the standard Homeowners Insurance Policy

Solutions

Expert Solution

1.Homeowners insurance policy is an insurance wherein the insurance company undertakes to insure the home owner against fire, few perils of nature and theft. The insured here is the homeowner/ legal owner to the property.

The first question as per Chegg policy is answered.


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