Homeowner's Insurance FL/Dwelling Accurate 100%

Homeowners policies: a. cover theft of guns up to $3,000 b. cover theft of furs and jewelry up to $1,500 c. include water damage by flood, sewer backup and underground seepage d. cover money up to $500 - ANSWER B Which statement is false about a Homeowners policy? A. it will cover property that has been borrowed B. it has a $500 limit for trailers not used with watercraft C. the replacement clause eliminates the deduction for depreciation D. it will cover theft from a safe deposit box - ANSWER B Under a Mobile Homeowners Policy, if the mobile home is insured under Coverage A for $70,000, how much coverage would ordinarily apply to personal property under Coverage C? A. $35,000 B. $30,000 C. $28,000 D. $42,000 - ANSWER C Which statement is false regarding a Homeowners Policy? a. the Ho-2 provides broad form coverage on both the dwelling and contents b. contents are covered 100% worldwide c. under an HO-2, the insured may rent his/her garage to the neighbor for a woodworking shop d. Section II of all Homeowners Policies are exactly alike - ANSWER C All of the following are true of a Homeowners Policy, except: a. trees, shrubs and plants are covered up to $500 each b. theft from a dwelling under construction is not included c. earth movement is covered in all Homeowners policies d. coverage c allows coverage for loss due to theft of jewelry up to $1,500 - ANSWER C Which statement is true concerning homeowners policies? A. Section I limits coverage on fire dept service charge to $100 b. Section 1 limits coverage on utility trailers up to $2,000 c. The Section 1 deductible does not apply to property covered under the Scheduled Personal Property Endorsement