Which of the following is NOT a type of eligible dwelling for a Homeowner's Policy?

Study for the Insurance Customer Service Rep 440 Test. Enhance your skills with flashcards and multiple choice questions, complete with hints and explanations. Prepare for exam success!

A retail store is not considered an eligible dwelling for a Homeowner's Policy because homeowners insurance is specifically designed to cover residential properties. This type of policy is meant for structures that are primarily used for living purposes, such as single-family homes, owner-occupied condos, and multi-family dwellings where individuals reside.

In contrast, a retail store is classified under commercial properties and falls outside the scope of homeowners insurance. Commercial insurance policies cater to the unique risks and liabilities associated with operating a business, which differ significantly from the coverage needed for residential properties. Therefore, the presence of a retail store makes it ineligible for coverage under a standard Homeowner's Policy.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy