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Terms in this set (36)
A ___ form provides Coverages A, B, DP1
C, and D. It provides other
coverages as well.
Coverage A insures the main
dwelling and:-any structures
attached to it-any fixtures or
materials on the same premises as
the dwelling that are necessary to
maintain the dwelling
A DP1 policy allows for an optional
vandalism and malicious mischief
(VMM) coverage endorsement. It is
automatically a part of DP2 and DP3
polies.
, Rebating is the practice of returning
a portion of the premium or the
agent's/broker's commission to the
insured or providing other
inducements (e.g., cash, gifts) to
obtain the client's business or to buy
a policy from a specific insurer. While
rebating is illegal in most states, it is
currently legal in California and
Florida.
1. Windstorm and hail damage HO1-Basic Form
(damage to the interior is covered
only when the wind or hail first
creates a hole in the structure and
then the interior is damaged
2. Lightning/Fire/Explosion/Smoke
(including discharges from furnaces
and boilers. Fireplaces are not
included)-
3. Vandalism/criminal mischief (unless
the premises has been vacant for at
least 60 continuous days)-
4. Damage caused by vehicles
(unless vehicle is owned or operated
by the insured or residents of the
insured property)-
5. Damage caused by an aircraft
Answers | Verified | Latest Update 2026
Save
Terms in this set (36)
A ___ form provides Coverages A, B, DP1
C, and D. It provides other
coverages as well.
Coverage A insures the main
dwelling and:-any structures
attached to it-any fixtures or
materials on the same premises as
the dwelling that are necessary to
maintain the dwelling
A DP1 policy allows for an optional
vandalism and malicious mischief
(VMM) coverage endorsement. It is
automatically a part of DP2 and DP3
polies.
, Rebating is the practice of returning
a portion of the premium or the
agent's/broker's commission to the
insured or providing other
inducements (e.g., cash, gifts) to
obtain the client's business or to buy
a policy from a specific insurer. While
rebating is illegal in most states, it is
currently legal in California and
Florida.
1. Windstorm and hail damage HO1-Basic Form
(damage to the interior is covered
only when the wind or hail first
creates a hole in the structure and
then the interior is damaged
2. Lightning/Fire/Explosion/Smoke
(including discharges from furnaces
and boilers. Fireplaces are not
included)-
3. Vandalism/criminal mischief (unless
the premises has been vacant for at
least 60 continuous days)-
4. Damage caused by vehicles
(unless vehicle is owned or operated
by the insured or residents of the
insured property)-
5. Damage caused by an aircraft
