LA ADJUSTER SERIES 204: HOMEOWNER INSURANCE QUESTIONS & ANSWERS 100% ACCURATE

multi-line policies - ANSWER-HO policies are _ which mean they combine property and casualty coverages in the same policy. it packages several coverages related to a specific type of exposure, and it reduces the number of policies one has to purchase. personal package policy - ANSWER-HO insurance is sold as a _ designed to cover a broad range of exposures related to owning and renting a part of a home. theft insurance and personal liability coverage under one contract - ANSWER-the HO insurance program provides the same property coverages that are available under the DP program but also includes _ 1) owner-occupants of residential dwellings which do not contain more than 4 families nor more than two boarders or roomers per family under the HO-2, HO-3, HO-5, HO-8 2) tenants in non-owned buildings used primarily for residential purposes under the HO-4 3)owner-occupants of condominiums are eligible for coverage for their interest in the condominium as well as contents under the HO-6 4) dwellings under construction 5) dwellings purchased under installment contracts when purchaser is occupant of the dwelling 6) an occupant of a dwelling under a life estate 7) seasonal dwellings when the insured is covered under a HO policy for his or her primary dwelling 8) mobile homes are eligible with the attachment of the mobile home endorsement - ANSWER-HO policies may only be issued to cover premises which are principally used for private residential purposes such as the following: section I-property coverages section II-liability coverages - ANSWER-each of the HO forms is divided into two sections: -HO-2: broad form -HO-3: special form -HO-4: contents broad form aka the Tenants or Renters form -HO-5: deluxe form which provides open peril coverage for buildings and contents