1. All of the following statements concerning homeowner’s policy endorsements are correct EXCEPT

a. The inflation guard endorsement increases property limits by an annual percentage selected by the insured.

b. The home day-care coverage endorsement is appropriate for a person conducting a home day-care business for older adults.

c. The personal property replacement cost loss settlement endorsement changes the loss settlement basis for most types of covered personal property.

d. The earthquake endorsement provides coverage subject to the same deductible that applies to other covered perils.

2. Describe some key elements of Title Insurance.

3. Additional coverage may be needed for personal property that is subject to sublimits in a homeowner’s policy. Such property includes all the following EXCEPT

a. Furs

b. Jewelry

c. Silverware

d. Antiques