What does homeowners insurance not cover quizlet? (2024)

What does homeowners insurance not cover quizlet?

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

What is typically not covered by homeowners insurance?

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 would not be covered by 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 area is not covered by most homeowners insurance?

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 are covered by a homeowners policy quizlet?

The primary coverages are coverage A - Dwelling, Coverage B - Structures, Coverage C - Contents, and Coverage D - Loss of Use. Collapse is an additional coverage, not a primary property coverage.

Does home insurance cover everyone?

Your contents policy can cover losses suffered by everyone living in your home. That means your partner, children, parents, friends… you get it. But contents cover isn't always straightforward, nor are your relations to everyone in your household.

Which of the following losses is not covered by a standard homeowners policy?

But, flood damage and earthquake damage are NOT covered by a standard homeowners policy. A separate policy is required.

Does homeowners insurance cover no heat?

Home insurance may help cover your heating, ventilation and air conditioning (HVAC) system if it's damaged by a covered peril, as defined in your policy documents.

What not to say to homeowners insurance adjuster?

Admitting fault: Using apologetic language is enough for the insurance adjuster to assume you're admitting fault and use that against you. Even if you feel you're at fault, wait for the official investigation to prove what actually happened. Don't say things like “I'm sorry” or “it was my fault.”

What types of insurance are not recommended?

Which type of risk or risks are covered in homeowners insurance?

It offers broad coverage for your dwelling and personal belongings against all perils unless specifically excluded in the policy. This "all-risk" coverage protects your home from a wide range of events, including fire, theft, vandalism, and natural disasters.

What situations would insurance not cover?

What is the most important part of homeowners insurance?

The most important part of homeowners insurance is the level of coverage. Avoid paying for more than you need.

What is the most extensive home insurance policy?

HO-5 (comprehensive form)

The HO-5 policy offers more protection than any other type of homeowners insurance.

What are four major exclusions found in homeowners insurance policies pertaining to real property?

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 ...

What are some items typically excluded from property insurance?

What is one type of coverage that is always excluded from a property insurance policy?

Earth Movement/Landslides/Sinkholes

Much to the amazement of home and business owners, earth movement, such as landslides, sinkholes and earthquakes are also excluded from common standard property insurance policies. Earth movement (or earthquake) protection is available for purchase in addition to your regular policy.

What do most basic homeowners policies do not provide coverage for?

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. Earthquake coverage is available either in the form of an endorsem*nt or as a separate policy.

What kinds of loss does homeowners insurance protect against quizlet?

The most common perils that can cause property damage—fire and lightning, windstorm, theft, and smoke—are covered in the basic homeowner's policy.

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

The correct answer is (C). Damage from flooding is generally excluded from HO policies. Homeowners policies generally insure personal property at actual value rather than replacement value.

Does homeowners insurance cover structural problems?

When Does Homeowners Insurance Cover Structural Damage? The dwelling coverage from your homeowners insurance policy covers damages to the structure in your property due to weather damage, vandalism, explosion and other natural calamities. You'll be protected if any of these listed hazards cause the damage.

Does homeowners insurance cover washing machines?

Again, policies can vary but, in general, the following white goods and domestic appliances should be covered: Fridges and freezers. Ovens, hobs and microwaves. Washing machines and tumble dryers.

Can my girlfriend be on my homeowners insurance?

Is my boyfriend/girlfriend covered by my home insurance? No. Not unless you are both listed on the deed, or unless you purchase an endorsem*nt for Other Members coverage (see below).

What is excluded in a homeowners policy?

Typical policy exclusions include the following: Water/Flood. Earth movement, like earthquake, sinkholes and landslides. Power failure.