In: Finance
1. Describe who is covered/protected by the Homeowners Policy.
2. Describe the four coverages found in Section One (Property Coverage) of the Homeowners Policy. Give an example of a loss covered by each section.
3. Describe the two coverages found in Section Two (Personal Liability) of the Homeowner’s Policy. Give an example of a loss covered by each section.
4. What is the difference between a “named perils” policy and an “open perils” policy?
5. List and briefly explain the exclusions under the Homeowner’s Liability coverage?
6. List and briefly explain the exclusions under the Homeowner’s Five – Comprehensive form property coverage?
7. List the insured named perils as found in the Homeowner’s Three – Special form property coverage
8. List and briefly describe three commonly used policy endorsements to the Homeowner’s Insurance policy
1.Homeowners policy protects owner's home and belongings. Such policies covers any damage caused by fire or theft and help in repairing the home and belongings. It also covers if any visitor to your home is injured or any other person's property is accidentally damaged.
2. Four coverages found in Section One (Property Coverage) of the Homeowners Policy are:
3. Coverages found in Section two (personal liability) of Homeowners Policy are:
It covers: