Garrett won the lottery and is buying a home from another private party with cash. The seller tells Garrett that he must, by law, secure homeowners insurance on the home. This is...

Mary and Jack are purchasing a home. During the mortgage process, they are required to secure an insurer for the new home. Once the home has been appraised, the producer has Mary and Jack sign a document that secures coverage even though underwriting has not been completed on the home's insurance application. What did they sign?...

Jared and Kelly are the insureds on a Homeowners policy. Jared intentionally assaults a man during a party at Jared and Kelly's house. The injured man files a claim against their Homeowners insurer. Will it be accepted or denied?...

Jodie just found out that her Homeowners policy has been cancelled by the insurer. It is not for non-payment of premiums. How long will it be from the time she is notified until the time the policy is no longer valid?...

Kurt has some people over to watch a football game. A few weeks after the event, he receives notice in the mail that an insurance claim has been filed against his insurer by someone who attended the get-together. This is called...

Fran's property insurance producer is successful in persuading her to "overinsure" her home. When her $120,000 home is completely destroyed by a covered peril, her insurer must pay her $150,000, which is the limit of the policy she has been paying premiums on. This is because in Florida...

Shelby has two policies covering her home. When a fire destroys part of the house, she submits the claim to both insurers, but does not let the other know that she has additional coverage. This is...