Homeowners Insurance

What does Dwelling Coverage in a homeowners insurance policy typically cover?

• Personal belongings inside the home

• The physical structure of your home in case of damage from covered perils

• Temporary living expenses if your home is uninhabitable

• Medical expenses if someone is injured on your property

Which coverage extends to structures on your property that are not attached to your main dwelling?

• Personal Property Coverage

• Dwelling Coverage

• Other Structures Coverage

• Liability Coverage

What is Personal Property Coverage designed to protect?

• The physical structure of your home

• Structures not attached to your main dwelling

• Medical expenses for injuries on your property

• Your personal belongings, such as furniture, clothing, and electronics

What does Liability Coverage in a homeowners insurance policy protect you against?

• Damage to your personal belongings

• Damage to the physical structure of your home

• Being sued in case someone is injured on your property

• Costs incurred when your home is uninhabitable

What does Additional Living Expenses (ALE) or Loss of Use Coverage help with?

• Costs to repair the physical structure of your home

• Medical expenses for injuries on your property

• Temporary living expenses if your home becomes uninhabitable

• Legal fees in case of a lawsuit

What is the purpose of Medical Payments Coverage in a homeowners insurance policy?

• To cover the cost of repairing other structures on your property

• To pay for damages to personal property

• To cover medical expenses if someone is injured on your property, regardless of fault

• To pay for temporary living expenses if your home is damaged

Why is it essential to maintain an inventory of your belongings for insurance claims?

• To calculate the total value of your home

• To facilitate the claims process and ensure a smoother claims experience

• To determine the premium rate of your insurance policy

• To prove ownership of the property to the insurance company

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Which of the following perils typically require separate policies or endorsements in standard homeowners insurance policies?

• Theft and vandalism

• Fire and smoke

• Floods and earthquakes

• Wind and hail

What factors can influence the rate of your homeowners insurance policy?

• The color and design of your home

• The location of your home and risk of natural disasters

• The number of rooms in your home

• The personal preferences of the insurance agent

How can the age and construction materials of your home affect your insurance rate?

• Newer homes with durable materials receive higher premiums

• Older homes or homes made of materials prone to damage may have higher premiums

• The age and materials of the home do not affect insurance rates

• Only the size of the home affects the insurance rates, not the age or materials