Homeowners and dwelling (questions
well answers) graded A+
Property Policy - correct answer ✔✔Insurance policy paying for losses after a peril causes direct damage.
Peril - correct answer ✔✔Event like fire or hail causing direct property damage.
Direct Loss - correct answer ✔✔Causes physical damage to the property.
Indirect Loss - correct answer ✔✔Consequential losses due to a direct loss.
Named Peril Policy - correct answer ✔✔Lists specific covered perils.
Open Peril Policy - correct answer ✔✔Covers all risks except those explicitly excluded.
Major Coverages - correct answer ✔✔Primary protections like Structure and Personal Property.
Additional Coverages - correct answer ✔✔Extensions complementing major coverages at no extra cost.
Owner Occupied - correct answer ✔✔Owner resides in the insured property.
Dwelling Policy - correct answer ✔✔Primarily for landlords covering walls, roof, and loss of rental
income.
Coverage A - correct answer ✔✔Pays to repair walls, roof, and property additions.
Coverage B - correct answer ✔✔Pays for other structures on the property.
well answers) graded A+
Property Policy - correct answer ✔✔Insurance policy paying for losses after a peril causes direct damage.
Peril - correct answer ✔✔Event like fire or hail causing direct property damage.
Direct Loss - correct answer ✔✔Causes physical damage to the property.
Indirect Loss - correct answer ✔✔Consequential losses due to a direct loss.
Named Peril Policy - correct answer ✔✔Lists specific covered perils.
Open Peril Policy - correct answer ✔✔Covers all risks except those explicitly excluded.
Major Coverages - correct answer ✔✔Primary protections like Structure and Personal Property.
Additional Coverages - correct answer ✔✔Extensions complementing major coverages at no extra cost.
Owner Occupied - correct answer ✔✔Owner resides in the insured property.
Dwelling Policy - correct answer ✔✔Primarily for landlords covering walls, roof, and loss of rental
income.
Coverage A - correct answer ✔✔Pays to repair walls, roof, and property additions.
Coverage B - correct answer ✔✔Pays for other structures on the property.
