CPCU 553 Chapter 6 Exam Questions and Answers | Verified & Updated | 100% Correct

CPCU 553 Chapter 6 Exam Questions and Answers | Verified & Updated | 100% Correct One of the effects of the Personal Injury Coverage endorsement on an HO-3—Special Form (HO-3) is to - Answer ️️ -Add the definition of personal injury. Jeremy owns a home covered with an HO-5—Comprehensive Form (HO-5). He left a window open one night before he went to sleep. It rained during the night and rain water damaged a sofa under the window. There was no other damage. Is the damage to the sofa a covered loss - Answer ️️ -Yes, because the HO-5 typically covers damage by rain through an open window even if the building itself is not damaged Jackie insures her home with an HO-3—Special Form (HO-3). She operates a seamstress service from her home. A customer was picking up some altered pants, tripped on a loose floorboard on her porch, and was injured. Is there coverage for this claim? - Answer ️️ -Yes, there is coverage if Jackie's policy was endorsed with the Home Business Insurance Coverage endorsement. Which one of the following is an exception to the Coverage E and F Business exclusion to the HO-3—Special Form? - Answer ️️ -Volunteer activities Which one of the following statements is true regarding "aircraft liability" coverage under the HO-3—Special Form (HO-3)? - Answer ️️ -The homeowners policy excludes all aircraft liability. All of the following are policy conditions that apply to both Sections I and II of the HO-3— Special Form (HO-3), EXCEPT: - Answer ️️ -Suit Against Us