The Johnsons own a homeowners’ insurance policy already. Which of the following risks will require them...

The Johnsons own a homeowners’ insurance policy already. Which of the following risks will require them to purchase separate insurance coverage?

A : A lawsuit from a neighbor injured at a house party.
B : A kitchen fire.
C : The home is in a flood plain.
D : Theft from a break-in.

Expert Solution

Answer: C. The home is in a floodplain

Homeowners' insurances can cover the damages following:

1. Damages to property due to file, wind, hail or water, like a kitchen fire,

2. Covered losses to personal property, such as a theft due to a break in, or

3. Liability incurred due to a lawsuit such as a neighbour filing a case against their injury occured during a house party.

But homeowners' insurance doesn't cover a home situated in a floodplain. The person has to buy a seperate cover under the flood insurance.

ekkarill92 answered 2 years ago

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