1-Identify the basic types of homeowners policies that are used today.

2-Identify the persons who are insured under a homeowners policy.

3-The Section I property coverages provide different types of coverages to an insured. For each of the following coverages, briefly describe the type of coverage provided, and give an example of a loss that would be covered. Coverage A: Dwelling Coverage B: Other Structures Coverage C: Personal Property Coverage D: Loss of Use Coverage E:Additional coverages 4- A) Briefly describe the special limits of liability that apply to certain types of personal property. B) Why are these special limits used?

5- A) Coverage A and Coverage B under a Homeowners 3 policy insure the dwelling and other structures against direct physical loss. Explain the meaning of this phrase. B) Coverage C under a Homeowners 3 policy covers personal property on a named-perils basis. List the various perils that are covered.

6- List the major exclusions that are found in Section I of the Homeowners 3 policy.

7- Briefly describe the duties imposed on the insured under a homeowners policy after a property loss occurs.

8- The Section I Conditions of the Homeowners 3 policy deal with the payment of losses to an insured. A)How is the amount paid for a covered loss to personal property determined? B)How is the amount paid for a covered loss to the dwelling and other structures determined?

9- A) Describe the extended replacement cost endorsement that can be added to a homeowners 3 policy. B) What is a guaranteed replacement cost policy?

10- A home buyer may obtain a mortgage loan to purchase a house. Explain briefly how the mortgage clause protects the insurable interest of the lending institution (mortgagee)