North Carolina Adjuster Practice Exam

Question: 1 / 400

In the event of a loss, what type of coverage does a homeowners policy provide?

Liability only

Contents only

Property and liability

Homeowners insurance is designed to provide coverage for both property and liability issues. The property coverage typically includes protection for the structure of the home itself and any personal belongings inside, such as furniture and appliances, in case of losses due to events like fire or theft. On the other hand, the liability part of the policy protects the homeowner against legal claims arising from injuries or damages that occur to others on their property or due to their personal actions.

This dual structure is essential because it offers comprehensive financial protection not only for physical assets but also for potential liabilities that could arise from accidents or incidents related to homeownership. While the other options suggest limited coverage scopes or combinations that do not reflect typical homeowners policy structures, the correct answer encompasses the full spectrum of protection offered in a homeowners policy.

Get further explanation with Examzify DeepDiveBeta

Health and property

Next Question

Report this question

Download North Carolina Adjuster Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy