Assignment
1. There are several types of Homeowner policies available. Please list and briefly discuss four of these.
2. The Section I and Iof the Homeowner 3 policy provide different types of coverages to an insured. For each of the following coverages, briefly describe the type of coverage provided,
a. Coverage A
b. Coverage B
c. Coverage C
d. Coverage D
e. Coverage E
f. Coverage F
3. Briefly describe the special limits of liability that apply to certain types of personal property. Why are these special limits used?
4. Briefly describe two duties imposed on the insured under a homeowner's policy after a property loss occurs.
5. Explain briefly how the mortgage clause protects the insurable interest of the lending institution (mortgagee).
6. Section two provides coverage to third parties. Indicate whether the following losses are covered under Section II of the homeowner's policy. Assume there are no special endorsements. Explain your answers.
a. The named insured's dog bites a neighbor's child.
b. A son living at home accidentally injures another player while playing softball.
c. A guest slips on a waxed kitchen floor and breaks an arm.
d. A neighbor's child falls off a swing in the named insured's yard and breaks an arm.
e. The named insured accidentally falls on an icy sidewalk and breaks a leg.
f. While driving to the supermarket, the named insured injures another motorist with the automobile.