Ohio Personal Lines Exam Study Prep For 2024

section one- additional coverages {Ans: Debris removal, trees, shrubs & plants, grave markers (up to 5,000 on or away from the premises, for a loss caused by a peril insured under coverage C).}Liability Coverage F: Medical Payments to Others {Ans: within 3 year of the date. For injuries that arise even where the insured is not liable for the injury Does not apply to the insured or members of the insured's household Not liability coverage and is not base on fault}offer {Ans: A promise or commitment to perform or refrain from performing some specified act in the future.}HO-3 (special form) {Ans: vandalism and malicious mischief including ensuing loss if the dwelling has been vacant for more than 60 consecutive days immediately before loss. Theft in a dwelling under construction, including construction-related materials and supplies.}Short Rate Cancellation {Ans: A cancellation of insurance that incurs a financial penalty. Sometimes when the insured cancels the policy before its expiration date, a short-rate cancellation is issued. The insurer retains a portion of the unearned premium to cover costs.}bodily injury liability {Ans: insurance that covers physical injuries caused by a vehicle accident for which you are responsible}