Texas Adjuster Practice Test

Which of the following would qualify as a covered peril for personal property under HO-B?

1. Accidental fires

2. Market fluctuations

3. Landslides

4. (Unintentional) Trespass

The correct answer is: Accidental fires

Accidental fires qualify as a covered peril for personal property under the HO-B homeowners policy. This type of insurance form typically covers risks to personal property, including damage or loss caused by specific listed perils, of which fire is a fundamental example. Fires can occur unexpectedly, causing significant damage to personal belongings within a home. As a covered peril, if such a fire results in loss or damage to the insured property, the homeowner can file a claim for compensation under their insurance policy. Other options, such as market fluctuations, would not be covered because they pertain to economic factors rather than physical damage to property. Landslides are usually not covered under standard homeowners policies unless specifically added as an endorsement, due to the nature of ground movement being deemed more predictable and less sudden. Unintentional trespass does not lead to physical damage to the insured property itself, and therefore would not qualify as a covered peril for personal property under the HO-B policy. Understanding the nature of these perils is crucial for homeowners and adjusters alike in effectively managing and responding to insurance claims.