South Carolina Personal Lines Practice Exam

Disable ads (and more) with a membership for a one time $4.99 payment

Study for the South Carolina Personal Lines Exam. Use flashcards and multiple choice questions, each with hints and explanations. Prepare for your exam today!

Practice this question and more.

What are the two principal types of coverage included in a HO policy?

Liability coverages and bodily injury
Property coverages and liability coverages
Comprehensive coverages and liability coverages
Personal injury and property coverages

The correct answer is: Property coverages and liability coverages

In a homeowners (HO) policy, the two principal types of coverage are property coverages and liability coverages. Property coverages secure the physical structure of the home and personal belongings against various risks, such as fire, theft, and vandalism. This component is essential for protecting the homeowner's investment in their property. Liability coverages, on the other hand, protect the insured from legal liabilities that may arise from injuries to others or damage to their property while on the insured premises. This coverage is important because it helps to cover legal costs and any settlements that may arise from lawsuits related to accidents or injuries for which the policyholder is responsible. Together, these two types of coverage ensure that homeowners are protected from both loss of property and potential legal issues, providing a comprehensive safety net for individuals and families.