Chapter 14: Property Insurance

Front

A homeowner's insurance policy includes coverage for: structure and contents only, personal liability only, both structure/ contents and personal liability, neither structure/contents nor personal liability.

Back

both structure/ contents and personal liability.

Front

The type of homeowner's insurance policy that is known as "all risk" is:

Back

HO-3.

Front

The clause within a homeowner's insurance policy that penalizes the policyholder for underinsuring the property is:

Back

co-insurance.

Front

An insured hazard or risk is known as:

Back

peril.

Front

The type of homeowner's insurance that is known as "renter's insurance" is:

Back

HO-4.

Front

Flood insurance policies are typically:

Back

purchased from private insurance companies.

Front

The type of homeowner's insurance policy that is associated with ownership of a condominium is:

Back

HO-6.

Front

If a seller sells his/her house and retains possession for 30 days after the closing, they will most likely be:

Back

required to purchase a HO-4 policy.