an HO-3 form covers damage to a home causedby which of the following?a. Fuel oil spillageb. termitesc. Breakdown of mechanical equipmentd. flood

An HO-3 insurance policy typically covers damage to a home caused by a variety of perils, but it's…

Answered: an HO-3 form covers damage to a home…

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter8: Controlling Information Systems: Introduction To Pervasive Controls

Section: Chapter Questions

Problem 33RQ

See similar textbooks

Similar questions

A primary beneficiary would be named for which of the followingtypes of Accident and Heallh policies?A.Travel AccidentB.Major MedicalC.Nursing HomeD.Business Overhead Expense
One purpose of casualty policy’s condition section is to list the property that is to be covered list the perils that are to be insured against provide for extension of coverage specify the insured responsibilities in the event of loss
which of the following perils is excluded under a homeowner's policy lightning Civil Contamination contamination Smoke
A horse jumps through the window of an insured’s house and damages interior and exterior walls. Which of the following forms will provide coverage for the loss? HO-1 form HO-2 form HO-3 form Ho-4 form
Losses due to destruction of personal property are covered by (choose the best answer) Personal insurance Liability insurance Property & casualty insurance Umbrella insurance
A comprehensive general liability policy includes property damage coverage for which of the following incidents? An insured intentionally causes a fire that burns down the building in which he is the sole tenant. An insured personal property on the premises destroyed by a fire An insured repair a boiler for a dry cleaner that explodes and causes extensive damage to the building An insured leases a computer that is subsequently damaged by an employee.
Which of the following statements is correct about perils in property insurance policies? An (HO-2) form provides coverage for more perils than a (HO-3) Form. a Peril is defined as the cause of a loss A peril increases the chance of a loss a property insurance policy must contain a list of all cover perils
1. Homeowners 3 (Special Form) is an all-risks policy that insures the dwelling and other structures against risk of direct physical loss to property. True False
Regarding accountant's liability, the courts have held accountants liable for their financial statements to which of the following: (multiple answers possible. However marking all will result in an incorrect score.) a. client b. bankers of the client c. future investors in the business of the client d. creditors of the client e. third party vendors that might supply client
uge to or loss of a dwelling and personal property of of g protects the beneficiary against the financial aspects of a traffic accident. TUSS, damage, or injury. May result in either financial gain or financial loss. 24. Financial service used to protect against loss. 25. Completion Amount of money or other services to which you are entitled under the terms of your insurance policy. Complete each statement. 26. A(n) endorsement 27. The Premium is an attachment to existing insurance coverage. is the amount the insured pays for insurance coverage. 28. The amount the insured is responsible for paying when a claim is made is the deductible 29. The process of documenting a loss against an insurance policy is called filing a(n) Claim 30. depreciation is a decrease in the value of property as a result of age or wear and tear. 31. The replacement cost minus depreciation is known as actual cash value 32. All 50 states have financial responsibility laws that require drivers to show proof of…
when determining the value of a building for insurance purposes which of these is not a consideration? A. The Economy B. Physical Condition C. Average Vaule of homes on the same block D. Sqaure Footage
What type of property insurance would cover injury to a repairperson on your property? A. Additional living expenses coverage B. Damage to home or property insurance cover C. Personal liability coverage

SEE MORE QUESTIONS

Recommended textbooks for you

Pkg Acc Infor Systems MS VISIO CD

Finance

ISBN:

9781133935940

Author:

Ulric J. Gelinas

Publisher:

CENGAGE L

Business Its Legal Ethical & Global Environment

Accounting

ISBN:

9781305224414

Author:

JENNINGS

Publisher:

Cengage

Business/Professional Ethics Directors/Executives…

Accounting

ISBN:

9781337485913

Author:

BROOKS

Publisher:

Cengage

Pkg Acc Infor Systems MS VISIO CD

Finance

ISBN:

9781133935940

Author:

Ulric J. Gelinas

Publisher:

CENGAGE L

Business Its Legal Ethical & Global Environment

Accounting

ISBN:

9781305224414

Author:

JENNINGS

Publisher:

Cengage

Business/Professional Ethics Directors/Executives…

Accounting

ISBN:

9781337485913

Author:

BROOKS

Publisher:

Cengage

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

an HO-3 form covers damage to a home caused by which of the following? a. Fuel oil spillage b. termites c. Breakdown of mechanical equipment d. flood