These are my options as answers. Which of the following claims would be covered under the Personal Injury Endorsement attached to an HO-3 Policy? The Lay Up Warranty under the Yacht Policy is best described by which of the following? The Personal Injury endorsement adds coverage for non-physical injuries to others, including invasion of privacy. Tom Z. Lv 7. Which of the following is true regarding an unendorsed HO-4 (tenants form)? So let’s say you do some professional photography as a side gig, photographing weddings. Costs the insured was already paying before incurring the loss are not covered. It extends Section II coverages to the insured's home day care business --- The Home Day Care Coverage Endorsement extends the coverage of the Homeowners Section II to the Day Care Business. Musical Instruments – not used professionally. People typically schedule their property when its value exceeds the personal property limits in a standard homeowners policy. Which of the following claims would be covered by the First Aid Expenses under the Homeowners Policy? A flood damages a home that is in a community in early stages of participation in NFIP, but are not yet considered a participating community. Which of the following statements concerning the scheduled personal property endorsement with agreed value loss settlement is (are) true? SCHEDULED PERSONAL PROPERTY ENDORSEMENT SCHEDULE* Class Of Personal Property Amount Of Insurance Premium 1. Sign up. While your base policy can cover your camera up to a certain amount for ‘named perils,’ you can’t get Extra Coverage on your camera in this instance. The Personal Injury endorsement adds coverage for non … Which of the following Coverages is not found under Section I of the Homeowners Policy? - at the insured's request, coverage will also apply to property owned by others including the property of a guest or residence employee at the residence occupied by the insured. A) I only; B) II only; C) both I and II Learn vocabulary, terms, and more with flashcards, games, and other study tools. Per person - Medical payments coverage for all types of policies pays on a 'per person' limit. Liability arising from publication of material that violates another person's right of privacy - All are excluded under the unendorsed HO policy. A model airplane - A model or hobby aircraft is covered unless it is designed to carry people or cargo. The Scheduled Articles Floater provides which of the following coverages to described property? Damage to Property of Others coverage is provided up to a specified limit regardless of negligence - Damage to Property of Others pays up to $1,000 regardless of whether the insured is liable or not. Under Section II of the Homeowners Policy, an employee whose duties are related to the maintenance or use of the residence premises, is defined as: A residence employee - 'Residence employee' means any employee of an insured, whose duties are related to the maintenance or use of the residence premises. Your personal property deserves special insurance treatment. In order to be covered by a scheduled personal property endorsement, the policyholder's personal property must be listed in the schedule, or list, for coverage. C— C—Personal Property 50% of A 50% of A $10,000 D— D—Loss of Use 20% of A 20% of A (Home Security) 20 % of C Liability Section All Forms Coverage L—Personal Property $100,000 Each Occurrence Coverage M—Medical Payments to Others $ 1,000 Each Person $ 25,000 Each Accidents b. Which of the following is true regarding the Yacht Policy? $ $ 3. Scheduled Personal Property Endorsement HO M061 1015 For an additional premium, we cover the classes of personal property indicated by an amount of insurance. The insured's tenant - Roomers or boarders are not considered insureds, and would need to purchase their own liability policies. Homeowners Policy Special Form 3 (HO 3) — part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio, the HO 3 insures the described owner-occupied dwelling, private structures in connection with the dwelling, unscheduled personal property … Including debris removal, what is the maximum an HO-3 policy with a Coverage A amount of $250,000 will pay If a detached garage burns down? Coverage becomes effective 24 hours after the applicant completes the application and pays the premium. Which of the following is not true of the National Flood Insurance Program? Liability - Section I of the Homeowners Policy contains the Property Coverages.
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