Which of the Following Types of Water Damage Is Covered

question 40

Multiple Choice

Which of the following types of water damage is covered under an unendorsed Homeowners 3 policy?

• A)damage from flood
• B)damage from water backing up through a drain
• C)damage from water below the surface of the ground that seeps into a basement
• D)damage from water that overflows from a malfunctioning washing machine

---

Definitions:

Nonpayment

The failure to fulfill a financial obligation, such as not paying a bill, loan, or other types of debt when due.

Net Income

The amount of earnings left over after all expenses, including taxes and interest, have been deducted from total revenues.

Net Loss

The amount by which a company's expenses exceed its revenues during a specific accounting period, indicating a negative financial performance.

Investment

The process of distributing funds with the goal of earning additional income or profits.