Question

Question 6 of 10 

Homeowners insurance gives you both property and liability protection. 

True False

Question 7 of 10 

Which of these is the best description of the "special" (HO-3) homeowners insurance policy? 

It offers extensive coverage for your home and also includes personal property and liability protection 

It's the most comprehensive policy available, covering even flood damage Continue Screenshot saved

Question 8 of 10

Liability protection covers both personal liability and the medical expenses of anyone accidentally injured on your property. 

True False

Question 9 of 10 

Which area is not protected by most homeowners insurance? 

The home 

Your view 

Loss of use 

Question 10 of 10 

which one of these is covered by a specific type of insurance policy? 

Off-grid homes 

Condominiums 

Homes with more than two stories 

Homes in rural areas Continue

Answer 1

Home insurance, also called homeowner's insurance , is a type of property insurance that covers a private residence. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use (additional living expenses), or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory.

6 of 7 - so the statement is true that homeowner insurence gives you both property and laibility protection

homeowners special forms , the HO 3 insures the described owner-occupied dwelling, private structures in connection with the dwelling, unscheduled personal property on and away from the premises, and loss of use. Personal liability coverage and medical payments coverage are also provided by this policy.

That means that your typical HO-3 form can financially protect you against any and all perils unless your policy specifically mentions them in the exclusions — and it doesn't, you're covered. ... Earthquakes and floods are generally excluded from coverage on most HO-3 policies.

7 of 10 - it offer extensive coverage for your home and also include personal property and laiblity protection.

Personal liability insurance is a component of a homeowners (all types) or renters insurance policy. Liability will cover the cost of damages that you or other people covered by your insurance policy are responsible for causing it also cover .medical payments (sometimes called guest medical) portion of your homeowners policy. Medical payments helps pay for reasonable and necessary medical expenses of non-residents who are accidentally injured on or around your property.

8 of 10 - so the staement is true that laiblity protection cover personal laiblity and medical expenses of anyone accidentaly injuired of your property.

Earth movement: such as earthquakes, shockwaves, sinkholes, landslides and mudflows. Water damage: such as floods, sewer back-ups and water that seeps through the foundation. water damage are also excluded , maintanence issue aren't covered under your standard policy typically result from neglect and a failure to properly maintain the property. Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered.

9 of 10 - your view

HO-6 (aka Unit-Owners Form) is a policy specifically designed for owners of condominiums or cooperatives. A condominium or cooperative consists of 2 components for insurance purposes—the building and common areas and property specific to each unit owner.

10 of 10 - condominiums is a specific type of insurance policy.