IS-1109.A: Understanding Basement Coverage Answers

1

If cleanup is only applicable to items covered in a basement, the stud walls in the basement on which unfinished drywall hangs can be considered for cleanup.

  • True
  • False
2

Elevators and their related equipment are covered in a basement if installed below the Base Flood Elevation…

  • After September 30, 1987
  • On or before September 30, 1987
  • On December 31, 1974
  • Before December 31, 1974
3

Which of the following are excluded from coverage in a basement? (Select one.)

  • Furnaces
  • Stairs
  • Baseboard heaters
  • Water heaters
4

Which one of the following is not covered in a basement?

  • Cisterns and the water in them
  • Sump pumps
  • Heat pumps
  • Drywall (hung, taped, and floated)
5

If a risk is not below ground level on all sides, but the homeowner calls this area a basement, the adjuster should:

  • Apply limitations of a basement
  • Treat the area as having no basement limitations
  • Advise the insured not to call this a basement
6

Identify the correct statement regarding elevator-related equipment.

  • Elevator-related equipment is never covered in a basement.
  • Elevator-related equipment is always covered in a basement.
  • Elevator-related equipment is sometimes covered in a basement.
7

Which of the following contents items is not covered in a basement if installed in its functioning location?

  • Washer
  • Portable microwave
  • Food freezer
  • Dryer
8

In the Standard Flood Insurance Policy floor and wall finishes are:

  • Covered in a Basement
  • Not covered in a Basement
  • Sometimes covered in a Basement
  • Never covered in a Basement
9

Which of the following statements best describes the characteristics of a basement?

  • A stairway leading to an entry door below ground level and windows at ground level are characteristics of a basement.
  • A stairway leading to an entry door at ground level and windows at ground level are characteristics of a basement.
  • A stairway leading to an entry door above ground level and windows at ground level are characteristics of a basement.
10

Adjusters should be able to explain to policyholders that while finishes in a basement are not covered, very important building items are. Which of the following items is not covered?

  • Structural items (such as footings, foundations, and posts)
  • Stairways and staircases attached to the building
  • Central air conditioners
  • Dining room table with four chairs

What Others Also Viewed