State Farm Fire Independent Policy Practice Exam

What is not considered personal property under a HO-3 policy?

1. A. Motor vehicles belonging to the insured.

2. B. Structures attached to the dwelling.

3. C. Personal items owned and used by the insured.

4. D. Household appliances in the residence.

The correct answer is: B. Structures attached to the dwelling.

In the context of a HO-3 policy, personal property typically encompasses items that the insured owns and uses, which are not permanently attached to the dwelling. This includes personal items like clothing and electronics, as well as household appliances. However, motor vehicles are specifically excluded from being categorized as personal property under the policy, which means they do not receive coverage in the same manner as personal possessions. Structures attached to the dwelling, such as a garage or deck, are classified as part of the dwelling rather than personal property. Therefore, these structures fall under a different section of the policy that pertains to the physical structure of the home itself, including any permanent features. This distinction helps clarify that personal property refers only to movable items, while the dwelling coverage includes the fixed parts of a home. Hence, structures attached to the dwelling are not considered personal property within the context of an HO-3 policy.