Chapter 22 Homeowners Insurance, Section I
“There’s no place like home, after the other places close.”
English Proverb
Learning Objectives
After studying this chapter, you should be able to
Identify the major homeowners policies for homeowners, condominium owners, and renters.
Explain the major provisions in Section I of the Homeowners 3 policy, including:
– Section I property coverages
– Section I perils insured against
– Section I exclusions
Given a specific property loss situation, explain whether the Homeowners 3 policy would cover the loss.
Explain the insured’s duties after a loss occurs.
Explain and give an illustration of the loss settlement provisions in the Homeowners 3 policy.
On a cold Sunday afternoon, Jack started a fire in his ...
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