Homeowners Policy (HO)Pregunta 290 de 474
Under a Homeowners policy, categories such as jewelry, watches, and firearms are subject to:
a.Special dollar sublimits that cap the amount payable
b.Replacement cost settlement without any dollar cap
c.A total exclusion unless the items are scheduled
d.The full Coverage C limit with no internal cap
Explicación
Homeowners policies apply special limits (sublimits) to certain high-value or high-theft categories such as jewelry, watches, furs, firearms, cash, and silverware. These items are covered, but only up to a stated dollar cap that is lower than the overall Coverage C limit. To fully protect valuable items, the insured can schedule them on a personal articles (scheduled property) endorsement for broader, itemized coverage.
Practica las 474 preguntas gratis — sin registro.
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- A condominium unit owner who needs to insure the interior of the unit and personal property should buy:
- Under a Homeowners policy, which coverage provides additional living expense when a covered loss makes the home temporarily uninhabitable?
- Coverage F (Medical Payments to Others) under a Homeowners policy pays medical expenses for an injured guest:
- The HO-8 modified Homeowners form is intended for:
- Eligibility for an owner-occupied Homeowners form such as the HO-3 requires that:
- An investor buys a house solely to rent out and does not live there. A Homeowners policy cannot be written because:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Personal Lines Insurance License Exam · Cómo revisamos