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Property and Casualty Insurance License Exam Cram™ by BISYS Educational Services

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Chapter 8. Homeowners Insurance

Terms you'll need to understand:

  • Dwelling

  • Other structures

  • Personal property

  • Loss of use

  • Loss assessment

  • Personal liability

  • Medical payments

  • Bodily injury

  • Property damage

  • Debris removal

  • Reasonable repairs

  • Personal injury

Concepts you'll need to master:

  • Incidental occupancies

  • Broad coverage

  • Special coverage

  • Tenants coverage

  • Comprehensive coverage

  • Unit owners coverage

  • Modified coverage form

  • Scheduled personal property

  • Personal property replacement cost

  • Dwelling under construction

  • Business pursuits

Just as companies that issue both property insurance policies and casualty insurance policies are called multi-line companies, policies that contain both property and casualty coverages in a single contract are called multi-line policies, or package ...

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