Canadian Accredited Insurance Broker (CAIB) One Practice Exam

What do homeowners forms typically exclude regarding windstorm and hail damage?

1. Loss or damage to roofs

2. Loss or damage to external walls

3. Loss or damage to antennae and satellite dishes

4. Damage to windows and doors

The correct answer is: Loss or damage to antennae and satellite dishes

Homeowners forms typically exclude coverage for loss or damage to antennae and satellite dishes caused by windstorm and hail. This exclusion is based on the understanding that these structures are often not as securely mounted or built to withstand severe weather conditions compared to the main components of a home, such as roofs, external walls, and windows. Antennae and satellite dishes are considered more vulnerable and less critical to the overall integrity and habitability of the dwelling. In contrast, most homeowners insurance policies provide coverage for damage to more integral parts of the property, like roofs, external walls, and windows and doors, as these elements are essential to the structural stability and weatherproofing of the home. Thus, losses related to these more critical areas typically fall within the coverage of homeowners insurance, whereas the specific exclusion for items like antennae and satellite dishes reflects the policy's intention to limit exposure on less essential components.