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Exam (elaborations)

Auto Claims Adjusting || with 100% Correct Answers.

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HO-2 correct answers "Broad" Named-peril form; covers the insureds house and personal property. HO-4 correct answers "Contents Broad Form" Named Peril Form; Renters insurance; covers personal property but not house and other structures. HO-6 correct answers "Unit Owners form" Named Peril Form; Condo Form; Covers owner's belongings and all finished surfaces of the individual condominium unit. HO-8 correct answers "Modified Coverage Form" Named Peril Form; Covers property at ACV, advantage: it's cheaper HO-3 correct answers "Special Form" Open-Peril coverage for dwelling and other structures; Named peril coverage for personal property(all Broad Form perils) HO-5 correct answers "Comprehensive Form" Open-peril coverage for structures and personal property; most comprehensive coverage available. Coverage A correct answers Dwelling; structure attached to dwelling Coverage B correct answers Designed for detached structures; Pays in addition to coverage A limit. Coverage C correct answers Personal Property; all property that does not qualify as real property; covered anywhere in the world. (Full coverage on premises, varies elsewhere) Coverage D correct answers For indirect losses; Additional Living Expenses, Fair Rental Value, Prohibited Use(civil authority); measures in time rather than dollars(pays as long as needed) Coverage E correct answers Personal Liability; pays for bodily injury and property damage to third party if insured is found negligent. Never pays insured. Coverage F correct answers Medical Payments; no fault coverage, med expenses incurred by 3rd party due to accident on INSD premises. DP-1 correct answers Basic Form; named-peril coverage; only covers fire, lightning, and internal explosion. DP-2 correct answers Broad Form; extended form perils(windstorm, civil commotion, smoke, hail, aircraft, vehicles, volcanic eruption, external explosion, and riot) DP-3 correct answers Special Form; open-peril coverage to structures, named peril coverage to personal property.

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Institution
Auto Claims Adjusting
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Auto Claims Adjusting









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Institution
Auto Claims Adjusting
Course
Auto Claims Adjusting

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Uploaded on
April 9, 2024
Number of pages
8
Written in
2023/2024
Type
Exam (elaborations)
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