Homeowners Insurance Coverage and Liability Quiz

Homeowners insurance typically covers damage to personal belongings, as well as providing liability protection.

Liability coverage in homeowners insurance provides financial protection for legal expenses arising from injuries on your property.

The purpose of an insurance deductible is to share the risk between the insured and the insurer.

The cost of homeowners insurance can be influenced by the location of the home.

Personal liability coverage in homeowners insurance protects against legal expenses if you are sued for bodily injury or property damage.

Damage from floods is typically not covered by standard homeowners insurance.

'Actual cash value' in homeowners insurance refers to the cost of repairing or replacing damaged property, adjusted for depreciation.

Additional living expense coverage in homeowners insurance provides financial support for temporary housing if your home becomes uninhabitable due to a covered loss.

'Replacement cost' in homeowners insurance refers to the cost of replacing damaged property with new property of similar kind and quality.

An umbrella policy in homeowners insurance is designed to protect against catastrophic losses that exceed the limits of your primary insurance policies.

An HO-3 homeowners insurance policy typically covers damage to the physical structure of the home and personal belongings.

Damage caused by lightning is typically covered by a standard homeowners insurance policy.

An insurance rider in homeowners insurance is a provision that modifies or expands coverage in the primary insurance policy.

'Named perils' in homeowners insurance refers to coverage for damage caused by specific listed perils.

'Actual cash value' (ACV) in homeowners insurance refers to the cost to repair or replace damaged property, adjusted for depreciation.