AIC 304 2: ANALYZING PROPERTY COVERAGES EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST

AIC 304 2: ANALYZING PROPERTY COVERAGES EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST Coverage A Applies to the main dwelling on the insured property as listed on the Declarations page. Residence premises Includes one-family, two-family, three-family, or four-family dwellings where the named insured resides in at least one unit. Coverage B Applies to structures on the insured property that are not attached to the main dwelling and are separated from it by open space. Additional amount An additional coverage equal to 10 percent of the Coverage A limit, available for other structures on the insured property. Coverage C Applies to personal property owned or used by the insured, anywhere in the world. Standard limit The maximum amount of coverage available for Coverage C, which is 50 percent of the Coverage A limit. Coverage D Applies to financial loss in addition to property damage if the insured property is damaged to the extent that it becomes uninhabitable. Additional Coverages Provides insurance for various types of losses not covered under Section I of the policy. Debris Removal