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1. Property under the Homeowners policy, which is subject to special limits, includes all of the following Exeept (a) Fire damage to jewelry and silver

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1. Property under the Homeowners policy, which is subject to special limits, includes all of the following Exeept (a) Fire damage to jewelry and silver (b) Damage to watercrat (c) Theft of guns (d) Theft of jewetry and silver 2. Tom and Tammy Evans were ready to purchase a home. Two insurers declined to insure the home citing an adverse CLUE report. Why would an insurance company reject arn application for new Homeowners because of an adverse CLUE report? (a) Because the previous owner had defaulted on the mortgage loan. (b) Because previous property insurance claims had been filed on the home, including claims filed by the prior owner (c) Because the previous owner had an adverse Credit report. (d) Because the home is in a rural area and is serviced by a rural fire department. 3. Fred purchased a home, which was originally built in 1950. If the home sustains damage from a covered peril, additional costs must be incurred in order to make repairs based on the current building code. Fred should add the following endorsement to his Homeowners policy in order to cover this additional repair cost: (a) Increased limits for Loss Assessment coverage (b) Increased limits for Ordinance or Law coverage (c) Repair cost endorsement (d) Dwelling Replacement Cost coverage 4. Under the HE 7 Homeowners Form, the burden of proof for denying a claim for damage to the dwelling falls on the: (a) Loss Payee (b) Insurance Company (c) Mortgagee (d) Insured

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