Term
| T or F-THE HO-1 BASIC FORM HAS BEEN WITHDRAWN IN MOST STATES |
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Definition
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Term
| HOW MANY HOMEOWNERS FORMS ARE THERE? |
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Definition
Six
1) HO-2 broad form
2) HO-3 Special Form
3) HO-4 Tenants Form
4) HO-5 Open Peril
5) HO-6 Condominium Unit
6) HO-8 Modified Coverage |
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Term
| WHAT ARE THE TWO SECTIONS INTO WHICH EACH OF THE HOMEOWNERS FORMS ARE DIVIDED? |
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Definition
Section 1-property
Section 2-liability |
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Term
| T or F-COLLAPSE PERIL IS COVERED UNDER HO-2 |
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Definition
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Term
| T or F-FIRE IS NOT A COVERED PERIL UNDER THE HO-2 FORM |
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Definition
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Term
| T or F-LIGHTNING IS A COVERED PERIL UNDER THE HO-2 FORM |
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Definition
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Term
| T or F-UNDER THE HO-2 FORM, WINDSTORM OR HAIL IS NOT COVERED UNDER THE HO-2 FORM |
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Definition
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Term
| T or F-AN EXPLOSION THAT OCCURS OUTSIDE OF AN INSURED RESIDENCE IS NOT INSURED UNDER THE HO-2 FORM |
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Definition
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Term
| T or F-EXPLOSION THAT OCCURS INSIDE OR OUTSIDE OF A COVERED PROPERTY IS INSURED UNDER THE HO-2 FORM |
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Definition
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Term
| T or F-RIOT AND CIVIL COMMOTION ARE INSURED PERILS UNDER THE HO-2 BROAD FORM |
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Definition
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Term
| T or F-IF YOUR HOME IS INSURED UNDER THE HO-2 FORM AND A JET HITS YOUR HOME, YOU ARE INSURED |
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Definition
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Term
| T or F-IF YOU ARE INSURED WITH THE HO-2 BROAD FORM AND YOUR SON HITS AND DAMAGES THE FENCE WHILE DRIVING YOUR VEHICLE, THE INSURER WILL PAY TO REPLACE THE FENCE |
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Definition
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Term
| T or F-IF YOUR NEIGHBORS MOTHER-IN-LAW GETS WASTED AND PLOWS INTO YOUR LIVING ROOM IN HER LINCOLN CONTINENTAL, THE INSURER WILL PAY TO REPAIR ALL DAMAGE |
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Definition
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Term
| T or F-SMOKE IS A COVERED PERIL UNDER THE HO-2 FORM |
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Definition
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Term
| VANDALISM OR MALICIOUS MISCHIEF IS A COVERED PERIL UNDER THE HO-2 FORM UNLESS |
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Definition
| The premises has been vacant for 60 or more consecutive days |
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Term
| T or F-LIKE DWELLING INSURANCE, THEFT IS NOT A COVERED PERIL UNDER THE HO-2 BROAD FORM |
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Definition
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Term
| T or F-THE INSURER WILL PAY OUT IF THE INSURED IS COVERED UNDER THE HO-2 FORM AND A SKILL SAW IS STOLEN FROM AN INSURED LOCATION THAT IS UNDER CONSTRUCTION |
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Definition
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Term
| T or F-IF A LIVING ROOM SUSTAINS DAMAGE TO THE WALL DUE TO A TREMOR AFTER A VOLCANIC ERUPTION AND THE COVERAGE INCLUDES THE HO-2 FORM, THE INSURER WILL PAY FOR ITS REPAIR |
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Definition
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Term
| T or F-VOLCANIC ERUPTION IS A COVERED PERIL UNDER THE HO-2 FORM |
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Definition
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Term
| T or F-DURING A PARTICULARLY FREAKISH STORM IN SAN ANTONIO, 8 FEET OF SNOW FELL AND SETTLED ON TOP OF THE INSURED'S ROOF. DUE TO THE WEIGHT OF THE SNOW, THE INSUREDS ROOF BUCKLED. THE INSURED WAS COVERED UNDER THE HO-2 FORM AND THE INSURER AGREED TO PAY FOR THE REPAIRS |
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Definition
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Term
| T or F-A HOMEOWNER IS COVERED IF THEY OWN H0-2 FORM AND THEIR WOOD FLOOR IS DAMAGED AFTER THE WATER PUMP ON THE DISHWASHER LEAKED ALL OVER IT |
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Definition
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Term
| T or F-A HOMEOWNER OWNING THE HO-2 FORM IS COVERED IF COLLAPSE OCCURS DUE TO TERMITES MOVING IN AND EATING WITHOUT THE HOMEOWNER'S KNOWLEDGE |
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Definition
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