78. Which of the following collapse losses would be covered under a HO-3?
Answer: A
Weight of snow is a covered collapse loss under a HO-3.
The HO-3 homeowners insurance policy typically covers losses due to the weight of snow, which can cause structural damage to a home. This type of collapse is specifically listed in the policy's coverage provisions.
A) Weight of snow.
This option is correct because the HO-3 policy explicitly covers collapse losses due to the weight of snow on the roof or other structural elements. Such coverage is essential for homeowners in areas that experience heavy snowfall, protecting them from potentially significant repair costs.
B) Known insect damage.
This option is incorrect as known insect damage is generally excluded from coverage under an HO-3 policy. Homeowners are expected to maintain their property and address any known infestations, thus any damage resulting from such issues would not be covered.
C) Earth movement from a volcanic eruption.
This option is incorrect because earth movement, including that caused by volcanic eruptions, is typically excluded from HO-3 policies. Natural disasters involving earth movement are usually covered under separate policies or endorsements, not standard homeowners insurance.
D) Defective workmanship completed 2 years ago.
This option is also incorrect as defects in workmanship are not covered under an HO-3 policy. Homeowners are responsible for the quality of repairs and constructions done to their property, and any resulting collapse from such defects would not be eligible for coverage.
Conclusion
The correct answer, weight of snow, is covered under an HO-3 policy, as it directly addresses potential structural collapse due to weather conditions. In contrast, the other options fail to qualify for coverage due to exclusions related to maintenance and natural disasters, illustrating the importance of understanding specific policy terms.