CPCU 553, Chapter 5 Exam | Questions with 100%
Correct Answers | Verified | Latest Update
2026/2027
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Terms in this set (11)
Under an HO-3—Special Form (HO- Not only in the insured's residence, but anywhere in
3), Coverage C—Personal Property the world.
applies to the insured's personal
property
Anne and Dave insure their house The insurer will pay $1,500 for the jewelry and
with an unendorsed HO-3—Special $2,500 for the sterling silver.
Form (HO-3) with a Coverage A—
Dwelling limit of $300,000, which is
the replacement cost of the house. A
thief breaks into the house while
Anne and Dave are on vacation and
steals the following items: •Jewelry
$5,000
•Sterling silver $4,700
Ignoring any deductible that may
apply, how much will Anne and
Dave's insurer pay for the loss of the
items?
Correct Answers | Verified | Latest Update
2026/2027
Save
Terms in this set (11)
Under an HO-3—Special Form (HO- Not only in the insured's residence, but anywhere in
3), Coverage C—Personal Property the world.
applies to the insured's personal
property
Anne and Dave insure their house The insurer will pay $1,500 for the jewelry and
with an unendorsed HO-3—Special $2,500 for the sterling silver.
Form (HO-3) with a Coverage A—
Dwelling limit of $300,000, which is
the replacement cost of the house. A
thief breaks into the house while
Anne and Dave are on vacation and
steals the following items: •Jewelry
$5,000
•Sterling silver $4,700
Ignoring any deductible that may
apply, how much will Anne and
Dave's insurer pay for the loss of the
items?
