Which of the following is not covered by most homeowners insurance plans? (2024)

Which of the following is not covered by most homeowners insurance plans?

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.

Which of the following is not covered under a homeowner's insurance policy?

Earthquake and water damage

In most states, earthquakes, sinkholes, and other earth movements are not covered by your standard policy.

What is not covered on my homeowner insurance policy?

Homeowners insurance doesn't cover floods, earthquakes, typical wear and tear, and damage due to insufficient maintenance. You can usually add flood and earthquake coverage to your policy for an additional fee, but wear and tear and damage from a lack of maintenance are considered preventable.

Which of the following do most homeowner's policies exclude coverage for?

Common exclusions in even the most comprehensive homeowners policies include: earth movement, such as earthquakes; sinkholes or landslides that damage your home; water damage, such as floods or sewer back-ups that leak through a pipe or seep through the foundation causing damage to your home; damage resulting from ...

Which of the following is not a usual component of the homeowners policy?

Standard homeowners policies do not cover flooding, earthquakes or poor maintenance.

Which of the following are covered by homeowners insurance?

Homeowners insurance covers your house and belongings in case of events such as fires, hail, tornadoes and burst pipes. If one of these scenarios causes damage, your policy can pay to repair it. Homeowners insurance can also reimburse you for theft or vandalism of your belongings.

Which of the following are typically covered by homeowners insurance?

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.

What does a homeowners policy not provide protection for quizlet?

A homeowner's policy does not provide protection for the personal property of: ​tenants. Auto insurance is needed primarily: ​as protection against potential liability claims.

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 perils is excluded under a homeowners policy?

Among the excluded perils (or exclusions) of homeowner's policies are the following: loss due to freezing when the dwelling is vacant or unoccupied, unless stated precautions are taken; loss from weight of ice or snow to property such as fences, swimming pools, docks, or retaining walls; theft loss when the building is ...

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 some items typically excluded from property insurance?

Home insurance exclusions
  • Floods. Damage caused by floods is almost always a homeowners exclusion. ...
  • Earthquakes and earth movement. Just like flood damage, damage caused by earth movement is a common homeowners insurance exclusion. ...
  • Maintenance. ...
  • Pests. ...
  • Home-based businesses. ...
  • Mold. ...
  • The full cost of high-value items.
Jun 14, 2023

What are the three major types of exclusions included in insurance contracts?

The three major types of Exclusions are:
  • Excluded perils or causes of loss.
  • Excluded losses.
  • Excluded property.

Who is not eligible for a homeowners policy?

Living in a high-risk location, having hazardous home features, home maintenance issues, your home's history of insurance claims, and more can be reasons an insurance company may determine a house to be uninsurable.

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.

Which of the following is not part of an insurance policy?

Final answer: A Certificate of Authority is not a part of an insurance contract. It is a document from a state's regulatory body that licenses an insurance company to sell insurance. Instead, an insurance contract includes the Policy, Application, and Riders.

What disaster is typically not covered by property insurance?

Earth movement, landslide, tremors, mudslide or earthquake caused by a volcano is not usually covered under homeowners insurance.

Does homeowners insurance give you both property and liability protection?

Homeowners insurance often comes with liability protection.

Fido's first outburst will likely be covered, but after that you're probably on your own. Liability coverage protects you from medical expenses and lawsuits brought by people who have been injured while on your property or by your (or your dog's) actions.

Does homeowners insurance cover structural damage?

Homeowners insurance does cover some structural damage. Here are five home structural repairs or rebuilds you can expect your home insurance policy to cover: Roof damage from a severe storm. A total collapsed roof from the weight of snow or ice.

What does insurance cover?

Insurance coverage is the amount of risk, liability, or potential loss that is protected by insurance. It helps individuals recover from financial losses as a result of incidents, such as car accidents, damaged property, or unexpected health issues.

Which of the following is something that will not affect your homeowners insurance premium?

Expert-Verified Answer

The correct answer for this question above homeowners insurance premium would be option A. The one that is something that will not affect your homeowners insurance premium would be the distance of the home from school. In addition, the color of the home won't affect it as well.

Does homeowners insurance cover bullet holes?

If your home is struck by multiple bullets, most insurance policies will cover it, but if your home is struck by one bullet, it may not be covered. “So if you have multiple bullet holes and a lot of siding damage, it probably makes sense to file a claim,” Erickson said.

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

The answer is C) FLOOD DAMAGE. A homeowners' policy does not include flood protection. Such insurance is always purchased in a separate policy.

Which of the following types of property Cannot be covered by a dwelling policy?

Farm dwellings are not covered by dwelling or homeowners policies. They must be insured under the farm program policy. A dwelling policy can be used to insure all of the following EXCEPT: A) duplexes.

Which would not be covered by an unendorsed homeowners policy?

You Own a Secondary Residence

If you own a river house or a cabin in the woods, you should definitely have the property endorsed under your homeowners' insurance. An unendorsed policy will not cover these secondary abodes, which nonetheless do need coverage.

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