La Adjuster Series 204: Homeowner Insurance Questions And Answers 100% Accurate

HO-3 (special form) {Ans: this form is a combination of the broad perils and the "open peril" approach. all of the structures are covered on an "open peril" basis. this means that if a cause of loss is not excluded, then coverage would apply. the burden of proof is up to the insurance company to prove that the loss is excluded. contents coverage applies on a broad peril basis}1) settling 2) cracking 3) shrinking 4) bulging 5) expansion of a building {Ans: collapse does not include:}theft insurance and personal liability coverage under one contract {Ans: the HO insurance program provides the same property coverages that are available under the DP program but also includes _}$500 {Ans: a deductible will apply on all section I property losses. the standard deductible is _. the deductible is per occurrence not per piece of damaged property.}coverage A-dwelling {Ans: this coverage does not apply to land or to the HO-4, which is designed for contents}coverage E {Ans: _ will pay legal defense expenses for they insured, even if the claim against the insured is groundless, false, or fraudulent. these expenses are without limitation and not out of the insured's