When a person owns a watch or personal jewelry valued at $10000 they should purchase which of the following?
When a person owns a watch or personal jewelry valued at $10000 they should purchase which of the following?
When a person owns a watch or personal jewelry valued at $10,000, they should purchase which of the following? Loss by theft of watches and personal jewelry is limited to $1,500 in the basic Homeowners Policy. This property can be scheduled with specific higher amounts of insurance by the SPP endorsement.
Which of the following homeowners coverage does not have a deductible?
Which of the following homeowners coverage does not have a deductible? Damage to property of Others is an Additional Coverage under Section II, which is not subject to a deductible. A guest falls in K’s house and is injured in an amount of $1,000.
Which of the following is not eligible for a homeowners policy?
Which of the following would not be eligible to purchase a Homeowners Policy? A person who owns and lives on a farm — Homeowners eligibility does not include farm property, but does include certain incidental business occupancies.
Is a lost ring covered by insurance?
When jewelry is lost or damaged because of a covered peril, such as theft or fire, it is covered by your homeowners insurance. Dec 15, 2021
Does home insurance cover mold?
Key Takeaways. Mold coverage isn’t guaranteed by your homeowners insurance policy. Typically, mold damage is only covered if it’s related to a covered peril. Mold damage caused by flooding would need to be covered by a separate flood insurance policy.
