California Homeowners Valuation Course Big Sandy Community and Technical College ENG 102

California Homeowners Valuation Course
This Quiz contains 25 questions. Answer each as best you can, and when you have answered all questions, use the
Submit Answers button, below, to submit your answers.
Question 1: All of the following are differences between DP and HO policies EXCEPT:
Question Value: 1
Both DP and HO are monoline policies
DP is usually less expensive than HO
Neither DP or HO cover land
Both DP and HO can be written for owner-occupants
Question 2: Which of the following exclusions would have the most influence on the claim settlement process?
Question Value: 1
Intentional Loss
Ordinance or Law
Earth Movement
Power Failure
Question 3: Under the standard HO 3 form if Coverage A is $300000 then the Coverage D limit would be:
Question Value: 1
$30000
$100000
$90000
$60000
Question 4: THe Homeowner's Bill of Rights states which of the following?
Question Value: 1
The insurance company has the legal responsibililty to determine the correct Replacement Cost of the
insured's home
The insured must file a complete inventory of personal property with the insurance company
The insured is advised to shop for insurance based upon price
The insured may select any licensee or vendor to repair or replace damaged property