FIN 151

FIN 151 Chapter 16 - Homeowners Insurance, Section 1 Review Questions Last document update:   ago

1. Identify the basic types of homeowners policies that are used today. The following forms are used in the current ISO (Insurance Services Offices) homeowners (HO) program:  HO-2 (broad form) - Homeowners 2 is a named-perils policy that insures the dwelling, other structures, and personal property against loss from certain listed perils. Covered perils include fire, lightning, windstorm, hail, explosion, and other perils.  HO-3 (special form) - Homeowners 3 insurer the dwelling and o...

FIN 151 Chapter 16 - Homeowners Insurance, Section 1 Review Questions Last document update:   ago

1. Identify the basic types of homeowners policies that are used today. The following forms are used in the current ISO (Insurance Services Offices) homeowners (HO) program:  HO-2 (broad form) - Homeowners 2 is a named-perils policy that insures the dwelling, other structures, and personal property against loss from certain listed perils. Covered perils include fire, lightning, windstorm, hail, explosion, and other perils.  HO-3 (special form) - Homeowners 3 insurer the dwelling and o...