CAIB 1 questions with correct answers

Identify four perils that mobile homes are more susceptible to than conventional homes - Answer 1. Fire 2. Windstorms 3. Hail 4. Transportation Identify the purpose of "tie downs" - Answer Secure the unit to the foundation so that it remains stable during windstorms Explain the purpose of "dent clause" - Answer Excludes payment unless the exterior siding has been actually torn or punctured by the storm Identify 2 expenses included in the "Emergency Removal Expense" and state the amount available. - Answer 1. Disconnecting water and power services 2. Towing or transporting costs - Up to 5% of the amount of insurance on the dwelling can be used to pay for reasonable expenses incurred in its removal from the site Identify two exclusions to the Mobile Home Insurance Form (IBC 1157) - Answer 1. Loss or damage caused by moving 2. Loss due to conversion, embezzlement or secretion by any person in possession of the building