Which of the following does a standard homeowners insurance policy cover quizlet? (2024)

Which of the following does a standard homeowners insurance policy cover quizlet?

Most homeowners' insurance policies include coverage of the dwelling and outbuildings, personal property damage or loss, liability for injury and medical bills for others who are hurt on the property if the homeowner is found legally liable, and loss of use.

Which of the following does a standard homeowners insurance policy cover?

Well, homeowners insurance helps protect you, your home and your belongings from all sorts of unexpected events. And with a standard policy you'll get four key types of coverage: dwelling, other structures, personal property and liability.

What does a typical homeowners insurance policy cover?

Home insurance usually covers the structure of your home and your personal belongings, typically covering the cost to repair or rebuild your home after a covered event, such as fire, hurricane, vandalism, or theft. Many policies will also cover detached structures, such as a garage, shed, fence, or gazebo.

What does a standard homeowners policy include coverage for quizlet?

Typical homeowners insurance policies offer coverage for damage caused by fires, lightning strikes, windstorms and hail. But, it's important to know that not all natural disasters are covered by homeowners insurance. For example, damage caused by earthquakes and floods are not typically covered by homeowners insurance.

Which of the following would be covered by a home insurance policy quizlet?

Most home insurance policies include coverage against fire, theft, and other hazards for your home and other structures, and personal property. In addition, policies cover additional living expenses, personal liability, medical payments, and supplemental coverage for minor property damage mishaps.

Which of the following is not covered by standard homeowners insurance?

Damage or destruction due to vandalism, fire and certain natural disasters are all usually covered. So is your liability if someone is injured on your property. Certain catastrophes, like flooding or earthquakes, are generally not covered by basic homeowners policies and require specialized insurance.

Which of the following is not covered in a standard homeowner's policy?

Many things that aren't covered under your standard policy typically result from neglect and a failure to properly maintain the property. Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered.

Is flood damage normally covered in a homeowners insurance policy?

Flood damage will not be covered by your homeowners insurance policy and will require separate flood insurance coverage.

Does homeowners insurance cover structural damage?

Homeowners insurance covers structural problems if they're caused by a covered peril. Covered perils could vary depending on the insurer and the policy type, but some common ones include fire, windstorms, and lightning strikes.

Which kinds of protection does homeowner's insurance offer check all that apply?

What do homeowners policies not provide coverage for quizlet?

Homeowners policies don't provide coverage for: flood damage. liability in the case of third party injury. damage to outbuildings.

Which homeowners policy provides the most coverage?

HO-5 (comprehensive form)

The HO-5 policy offers more protection than any other type of homeowners insurance. Personal property losses are repaid based on the replacement cost for the item, instead of the actual cash value. You'll have higher coverage limits and less restrictions on perils.

What are the two types of property coverage provided by a homeowners insurance policy?

Understanding Property Insurance

Replacement cost covers the cost of repairing or replacing property at the same or equal value. The coverage is based on replacement cost values rather than the cash value of items. Actual cash value coverage pays the owner or renter the replacement cost minus depreciation.

Which would normally not be included in a standard homeowners insurance policy quizlet?

Policies will NOT cover loss or damage from... flooding, earthquakes, termites, freezing pipes, wear and tear, or lack of maintenance.

What is the most basic homeowner policy known as quizlet?

-HO-3: Special Form Policy - The most widely used and recommended homeowners policy. It covers the home for all risks or physical loss except damage caused by flood, earthquake, war, or nuclear accident.

Which of the following is a basic insurance policy that will cover the home and its contents in the event of a fire?

Homeowners insurance typically helps cover your home and belongings. Most policies include coverages that may help pay to repair or replace your home and its contents if they are damaged by fire.

Which of the following perils is not covered under any of the standard homeowners forms?

Standard homeowners policies do not cover flooding, earthquakes or poor maintenance. Flood coverage is provided by the federal government's National Flood Insurance Program, although it is purchased from an insurance agent.

Which of the following coverages is included in the homeowners policy but is not included in an unendorsed dwelling policy?

Which of the following coverages is included in the homeowners policy but is not included in an unendorsed dwelling policy? Liability & theft.

Does the standard homeowners policy contains both property and liability coverages?

Standard homeowners insurance includes coverage for your house, other structures on your property, your belongings, personal liability, medical payments coverage to others, and even temporary living expenses while your home is being rebuilt or repaired due to a covered loss.

Which of the following are covered under a standard dwelling policy?

Dwelling coverage (often called Coverage A on a homeowners or condo insurance policy) is one part of your home insurance policy that covers your house, including an attached garage, countertops, flooring, and built-in appliances.

Which area is not protected by most homeowners insurance?

Which standard homeowner's policy typically does not cover damage from earthquakes and floods?

Earthquakes Are a Fact of Life in California

Homeowners, renters, and condominium insurance policies do not cover damage from natural disasters such as earthquakes, floods, and landslides. Earthquake insurance can help pay for some of your losses.

Does homeowners insurance cover earthquakes?

Your homeowners policy doesn't cover earthquake damage.

In California, a separate policy is needed to protect your home investment and recover from the effects of a major earthquake. Prepare today for the big one with CEA earthquake homeowners insurance.

Is homeowners insurance the same as flood insurance?

Flood insurance is exactly what the name suggests, covering damages due to floods and flooding. While your homeowners insurance may pay for water damage due to broken pipes, flood insurance pays for damages caused by the rising of a body of water that covers normally dry land.

Are there situations where insurance would not help even though you have it?

The most common exclusions to a homeowners insurance policy are related to large-scale disasters, such as floods or war; damage due to negligence or normal wear and tear; and inherently risky items, such as trampolines. But you can buy additional coverage to protect those things.