FLA-Homeowners Insurance Course

Exclusions The HO-3 insures against risks of direct loss to property described in Coverages A and B but only if that loss is a physical loss to property. Coverage is…

Coverage C – Covered Property Coverage C provides insurance for personal property of the insured. Special limits apply to some types of property and some property is excluded from coverage.…

Covered Perils under Coverage C Insurance is provided under Coverage C for direct physical loss to personal property from the following sixteen perils: Fire or lightning – The Fire Insurance…

Coverage D – Loss of Use In the event of a loss under Coverage A, such as fire damage to the dwelling, the insured may lose the use of the…

Conditions and Duties of the Insured The conditions applicable to Section I of the HO-3 policy primarily deal with the rights and duties of the insured and the insurer following…

Additional Loss Settlement Conditions Insurer’s Option – This condition gives the insurer the right, after providing written notice to the insured, to repair or replace any part of the damaged…

Comparison of the HO-4 and the HO-3: Since the HO-4 provides insurance for tenants, the policy does not include coverage for the dwelling and other structures provided by Coverages  A…

Comparison of HO-6 and HO-3 Coverage A – Dwelling – Coverage A of the HO-6 applies to the insured’s real property. This coverage is provided on a named-perils basis and…

Section II – Liability Coverage Homeowners Policies meet both the Property and Liability Exposures of a wide range of insured.  The Section I coverage discussed up to this point provides…

Exclusions to Coverage E and F The Liability Coverage in Section II provide broad protection for the insured; however, the exclusions in Section II limit or eliminate coverage for specified…

Exclusions to Coverage E- Personal Liability The exclusions to Coverage E -Personal Liability restricts or eliminates coverage provided for Bodily Injury or Property Damage. These exclusions apply to the following:…

Additional Coverages Section II also provides additional coverages related to an insured’s liability exposures.  These additional coverages are in addition to the Limits of Liability shown on the declarations page…