Ace the Arkansas Insurance Adjuster Exam 2026 – Switch Up Your Career Mojo!

Question: 1 / 400

With a typical HO-3 policy, how much will Sam receive under Coverage D - Loss of Use after evacuating due to flood?

$850

$3,850

$0

A typical HO-3 policy provides coverage for loss of use when the policyholder is unable to live in their home due to a covered event, such as a flood. However, with a typical HO-3 policy, this coverage only applies to events listed in the policy. In this case, the flood that caused the evacuation is not covered, so Sam would not receive any payment under Coverage D - Loss of Use. Option A and B are incorrect because they suggest a specific amount of coverage that is not applicable in this scenario. Option D is incorrect because it is a predetermined payment amount that is not relevant to the question.

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$3,000

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