FL General Lines 2-20 Exam with answers.

FL General Lines 2-20 Exam with answers
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Types of Dwelling Properties - CORRECT ANSWERS ✔✔1. 1
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to 4 family
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2. Rented to Others
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3. Owned by Corp. or Partnerships
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4. Low Valued
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5. Mobile Homes
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Standard Dwelling Property Deductible - CORRECT
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ANSWERS ✔✔$500 |\




Dwelling Property Coverage A - CORRECT ANSWERS
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✔✔Dwelling - Including permanently installed building |\ |\ |\ |\ |\ |\



equipment and outdoor equipment to service property. No |\ |\ |\ |\ |\ |\ |\



land.
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Dwelling Property Coverage B - CORRECT ANSWERS
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✔✔Other Structures (Detached) |\ |\




Dwelling Property Coverage C - CORRECT ANSWERS
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✔✔Personal Property - Belonging to insured, family |\ |\ |\ |\ |\ |\ |\



members, guest or servant |\ |\ |\

,Dwelling Property Coverage D - CORRECT ANSWERS|\ |\ |\ |\ |\ |\ |\



✔✔Fair Rental Value - Rental monies which the insured is
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entitled due to covered loss until property is restored.
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Dwelling Property Broad Form - CORRECT ANSWERS|\ |\ |\ |\ |\ |\ |\



✔✔Includes coverages in DP-1(Basic) plus Coverage E - |\ |\ |\ |\ |\ |\ |\ |\



Additional Living Expense |\ |\




Additional Perils not on DP-1 - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\ |\



✔✔CAP BOBBIE |\




Biggert-Waters Reform Act - CORRECT ANSWERS ✔✔Led |\ |\ |\ |\ |\ |\ |\



to the passage of the Homeowner Flood Insurance
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Affordability Act of 2014. Intent was to provide lower |\ |\ |\ |\ |\ |\ |\ |\ |\



premiums due to previous legislation. |\ |\ |\ |\




HO-2 - CORRECT ANSWERS ✔✔Coverages:
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A - Dwelling
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B - Other Structures
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C - Personal Property
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D - Loss of Use
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Perils covered A&B&C- Fire, lightning, WHARVES, CAP
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BOBBIE, plus theft |\ |\

, HO-3 - CORRECT ANSWERS ✔✔Coverages:
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A - Dwelling
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B - Other Structures
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C - Personal Property
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D - Loss of Use
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Perils covered-All Risk A&B - Spoilage- Contents - Fire,
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lightning, WHARVES, CAP BOBBIE, plus theft
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HO-4 - CORRECT ANSWERS ✔✔Renters Coverage
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C - Personal Property
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D - Loss of Use
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Perils Covered- Contents - Fire, lightning, WHARVES, CAP
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BOBBIE plus theft |\ |\




HO-6 - CORRECT ANSWERS ✔✔Condo Coverage
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A - Dwelling
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C - Personal Property
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D - Loss of Use
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Perils covered- A&C - Fire, lightning, WHARVES, CAP
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BOBBIE, plus theft |\ |\