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21 Cards in this Set
- Front
- Back
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What is HO-2 and how is it paid out |
Broad form, covering 16 names perils on A, B & C. A & B are paid on replacement cost but C on ACV |
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What is HO-3 and how is it paid out? |
Special form, paid out the same as HO-2 (A & B on replacement cost and C on ACV) |
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How much coverage (%) does C have on A for the HO-3 form? |
50% |
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What is the watercraft limit on HO-3? |
$1,500 |
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What is HO-4 and what coverage does it provide |
Contents broad form (renters), provides broad form coverage for C |
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What is the HO-5 form? |
Broadest coverage, covering A, B & C on open peril |
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What is the HO-6? |
Unit owner form, used for owners of condos and apartments, it insures A & C on a named peril basis |
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What is the HO-8? |
Used for historical homes, usually paying in ACV but if values aren't available things can be replaced with similar things. Used for fair premium based on the home's value. |
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What percentage of coverage A is coverage B's limit? |
10% |
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What are the limits of C if personal property is elsewhere? |
10% of C or $1,000 whichever is greater |
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What is the coverage C limit? (% of A) |
50% |
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What is coverage D? |
Loss of use, aka living expenses, fair rental value, etc. |
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Coverage D limits for HO-2, 3, & 5 |
30% of A |
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Coverage D limits for HO-4 |
30% of C |
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Coverage D limits for HO-6 |
50% of C |
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Coverage D limits for HO-8 |
10% of A |
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What coverage can be provided for credit cards? |
Coverage up to $500 |
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What coverage can be provided for loss assment? |
Up to $1,000 of coverage |
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What coverage can be provided for landlord's furnishings? |
Coverage C peril coverage excluding theft up to $2,500 |
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What is Coverage E? |
Provided for claims made and suits brought against insured. |
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What is coverage F? |
Medical payments to others |
