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Add to cartWhat is the primary buyer of products and services from a business known as under the Business Income Department Properties - Broad Form?
Who are the businesses that support the insured by being the primary buyer for their products?
Businesses who support insured by being the primary buyer for their products.
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What does the HO-3 (special form) cover?
The dwelling and other structures on a risk-of-direct-physical loss basis. All direct physical losses are covered except those losses specifically excluded. Personal property is covered on a named perils basis.
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What does the HO-5 Comprehensive Form provide coverage for?
Open perils coverage (all-risks coverage) on the dwelling, other structures, and personal property.
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What does the HO-2 (broad form) cover?
The dwelling, other structures, and personal property on a named perils basis.
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What does the HO-4 (contents broad form) cover?
Only covers a tenants personal property on a named perils basis.
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How much coverage applies to the barn if the dwelling is insured for $200,000 under a DP-2 dwelling policy?
Nothing, farm property is not eligible under the dwelling policy.
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What is a Covered Auto under an insurance policy?
A Covered Auto includes those vehicle(s) listed on the Declarations, plus any trailers or wagons owned by the Named Insured, any newly acquired vehicles, and any vehicle used as a temporary substitute auto.
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Create quizPractice questions and answers for the Texas All Lines Adjuster Exam. These questions cover various topics related to the exam, including coverage forms, policy provisions, and insurance terms.
32 questions
English
09-20-2023