Property and Casualty - Kentucky with 100% correct answers 2024

Property and Casualty - Kentucky Replacement Cost Coverage formula - correct answer Insurance carried / insurance required x amount of loss = amount of reimbursement. Coverage A - Dwelling - correct answer Covers attached structures such as a garage Coverage B - Other Structures - correct answer Covers unattached structures (not used for farming or commercial purposes) Coverage C - Personal Property - correct answer Covers personal property BESIDES money, boats, animals, and motor vehicles Coverage D - Fair Rental Value - correct answer Covers property lost to dwelling or other structure that makes it unlivable, and insured can not collect rent. 10% of insurance on dwelling is available for this. Perils insured against on basic form - correct answer Fire, lightning, and internal explosions EC endorsements - correct answer Rev C Shaw V. Explosions and Smoke Basic dwelling form Other Coverages: - correct answer Debris removal, property removed, reasonable repairs,fire department service charge Homeowners policy - correct answer a multiline policy because it provides property and liability insurance in a single policy; property coverage varies in each form liability coverage is the same in each form Homeowners is more _______ than dwelling - correct answer Strict