CAIB 1 - General
Questions Chapter 2
Comprehensive Questions
(Frequently Tested) with
Verified Answers Graded
A+
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
, CAIB 1 - General Questions Chapter 2 Comprehensive Questions
(Frequent
Tested) with Verified Answers
Graded A+
1. Identify the 3 most common Homeowners policies in use today
Answer: 1) Homeowners Basic Form (IBC 1151)
2) Homeowners Broad Form (IBC 1153)
3) Homeowners Comprehensive Form (IBC 1155)
2. In addition to single family dwellings, identify 4 other risks
that may be eligible for a Homeowners policy Answer: 1) Dwellings
containing more than one family
2) For insureds having more than one principal dwelling
3) Mobile homes situated on a full basement
4) Dwellings in the course of construction when the insured intends to occupy the dwelling upon
completion
3. Regardless of the Homeowners policy selected, they all have a
common format or structure. Identify the two sections of coverage
2/
23
, CAIB 1 - General Questions Chapter 2 Comprehensive Questions
(Frequent
Tested) with Verified Answers
Graded A+
and the coverages under each Answer: Section 1 Answer: Property Coverage
Coverage A - Dwelling Building
Coversge B - Detached Private
Structures Coverage C - Personal
Property Coverage D - Additional
Living Expenses
Section 2 Answer: Liability
Coverage Coverage E - Personal
Liability
Coverage F - Voluntary Medical Payments
Coverage G - Voluntary Payment for Damage to Property
Coverage H - Voluntary Compensation for Residence
Employees
4. In all Homeowners, the policy definitions are uniform, or the same
in each. In
addition to the person insured on the coverage summary page, and
while living in the same household, identify 4 other persons who
qualify as an insured Answer: 1) His or her spouse
3/
23
Questions Chapter 2
Comprehensive Questions
(Frequently Tested) with
Verified Answers Graded
A+
[Document subtitle]
[DATE]
[COMPANY NAME]
[Company address]
, CAIB 1 - General Questions Chapter 2 Comprehensive Questions
(Frequent
Tested) with Verified Answers
Graded A+
1. Identify the 3 most common Homeowners policies in use today
Answer: 1) Homeowners Basic Form (IBC 1151)
2) Homeowners Broad Form (IBC 1153)
3) Homeowners Comprehensive Form (IBC 1155)
2. In addition to single family dwellings, identify 4 other risks
that may be eligible for a Homeowners policy Answer: 1) Dwellings
containing more than one family
2) For insureds having more than one principal dwelling
3) Mobile homes situated on a full basement
4) Dwellings in the course of construction when the insured intends to occupy the dwelling upon
completion
3. Regardless of the Homeowners policy selected, they all have a
common format or structure. Identify the two sections of coverage
2/
23
, CAIB 1 - General Questions Chapter 2 Comprehensive Questions
(Frequent
Tested) with Verified Answers
Graded A+
and the coverages under each Answer: Section 1 Answer: Property Coverage
Coverage A - Dwelling Building
Coversge B - Detached Private
Structures Coverage C - Personal
Property Coverage D - Additional
Living Expenses
Section 2 Answer: Liability
Coverage Coverage E - Personal
Liability
Coverage F - Voluntary Medical Payments
Coverage G - Voluntary Payment for Damage to Property
Coverage H - Voluntary Compensation for Residence
Employees
4. In all Homeowners, the policy definitions are uniform, or the same
in each. In
addition to the person insured on the coverage summary page, and
while living in the same household, identify 4 other persons who
qualify as an insured Answer: 1) His or her spouse
3/
23
