Homeowners Insurance Quiz
Do you think you know everything when it comes to homeowners insurance? Well, it is time to find out. Take our quiz to test your knowledge and learn more about homeowners insurance at Indiana Farm Bureau Insurance.
Your neighbor's tree fell on your garage while your car was inside. There is substantial damage to both your garage and your car. Your homeowners policy will pay for:
ⓘ Explanation: Your homeowners policy would cover the damage to the garage while your auto policy would cover the damage to your car. Additionally, some homeowners policies have a $500 tree removal limit that could apply to the removal of that fallen tree.
You return home to find that your house has fire and spray paint damage due to vandalism. Because of the fire damage, you have to temporarily move to a hotel. Your homeowners policy will pay for:
You just moved and want to get to know your new neighbors, so you host a barbecue and invite the block. You are setting up the grill and accidentally leave the propane on for too long. When you go to light the grill there is a bigger fire than expected and several guests get minor burns, and some have to go to the hospital. Your homeowners policy will pay for:
A tree falls on your powerline on a cold day cutting off power to your house, and your pipes freeze and burst. Your homeowners policy will cover:
My washing machine broke, and water damaged my furniture and flooring in my basement. It was a fairly new washing machine and had been cared for. Will my homeowners policy cover the cost of the damage to my furniture and flooring?
ⓘ Explanation: Resulting water damage from a broken appliance is typically covered. The appliance is not covered. If it is found that your washing machine broke due to lack of maintenance though, your insurance policy may not cover it.
I live near a lake which flooded during our wet season and my house now has water damage. I asked around before I moved in and my neighbors told me that flooding wasn't a concern, so I didn't purchase a separate flood policy. My homeowners policy will pay for:
ⓘ Explanation: Water from outside your home is typically not covered by your homeowners policy. If you live in a flood zone or are worried about flooding, you should contact your agent about the possibility of purchasing a separate flood policy in order to be covered.
Scheduling personal property coverage may help me protect my:
To schedule personal property for coverage, you may need to obtain:
Scheduled personal property coverage is ___________.
Homeowners Insurance Facts
Fact 1
Most homeowners insurance policies have three key areas of coverage: the house and any other building on your property, your stuff (belongings) and liability coverage for you in case you are found responsible for an injury or an accident.
Fact 2
You can purchase a Scheduled Personal Property endorsement that can increase the amount of protection for valuables such as jewelry, watches, furs, precious and semi-precious stones, and firearms.
Fact 3
At Indiana Farm Bureau Insurance we offer three types of homeowners insurance policies, the HO-3 policy, the HO-2 policy and the HO-8 policy. For more information contact an agent today!
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QUIZ DISCLAIMER:
The above quiz contains hypothetical fact scenarios meant to assist the reader to get a better general understanding of their insurance needs. Every policy of insurance
contains specific provisions, coverages and limits which may differ from the ones in this quiz. This quiz is in no way to be construed as a guarantee of coverage, nor a
waiver of any rights or defenses under the terms of any policy issued.
