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Property and Casualty Chapter 5 Questions
with Answers (100% Correct Answers)
In contrast, Dwelling policies are available for homeowners who ____ their
dwellings to other people to live in. Answer: Rent
While the general rule for Homeowners is that the homeowner must own and
live in (occupy) the dwelling, the exception to the rule is the ___, which is for
renters/tenants. Answer: HO-4
The ____ is for condominium owners. Answer: HO-6
The HO-4 has no Property coverage on the building because the renter has no
____ in the building. Answer: Insurable interest
Of the seven Homeowners forms, five are designed to cover both the building
and the ____. Answer: Contents/Personal Property.
The remaining two forms, the HO-4 (Tenants) and the HO-6 (Condominium
Unit Owners) provide little or no ____ coverage. Answer: Building or Dwelling
To qualify for a Homeowners policy the dwelling must be used principally as a
residence, although certain ___ businesses are allowed, such as a small dance
studio, professional office, private school or day care center. Answer: Low risk
The Homeowners policy owner is referred to as the ____. Answer: Named
Insured
The policy owner's spouse automatically has the rights of a Named Insured if
he/she lives at the ____. Answer: Same address
The dwelling that you live in, and any other structures as well as the land that
goes with it, is referred to as your _____. Answer: Residence Premises
A much broader definition of covered locations where you have premises type
liability coverage is called an____, which would include locations such as a
Property and Casualty Chapter 5 Questions
with Answers (100% Correct Answers)
In contrast, Dwelling policies are available for homeowners who ____ their
dwellings to other people to live in. Answer: Rent
While the general rule for Homeowners is that the homeowner must own and
live in (occupy) the dwelling, the exception to the rule is the ___, which is for
renters/tenants. Answer: HO-4
The ____ is for condominium owners. Answer: HO-6
The HO-4 has no Property coverage on the building because the renter has no
____ in the building. Answer: Insurable interest
Of the seven Homeowners forms, five are designed to cover both the building
and the ____. Answer: Contents/Personal Property.
The remaining two forms, the HO-4 (Tenants) and the HO-6 (Condominium
Unit Owners) provide little or no ____ coverage. Answer: Building or Dwelling
To qualify for a Homeowners policy the dwelling must be used principally as a
residence, although certain ___ businesses are allowed, such as a small dance
studio, professional office, private school or day care center. Answer: Low risk
The Homeowners policy owner is referred to as the ____. Answer: Named
Insured
The policy owner's spouse automatically has the rights of a Named Insured if
he/she lives at the ____. Answer: Same address
The dwelling that you live in, and any other structures as well as the land that
goes with it, is referred to as your _____. Answer: Residence Premises
A much broader definition of covered locations where you have premises type
liability coverage is called an____, which would include locations such as a
