Rhode Island Insurance Adjuster Exam

Which of the following is NOT considered insured property under a homeowners policy?

1. The residence

2. A place the insured is renting

3. A plot of vacant non-farmland

4. A temporary place the insured is residing

The correct answer is: A temporary place the insured is residing

In a homeowners policy, coverage typically extends to the residence owned by the insured and certain types of property that the insured might occupy or control under specific circumstances. The residence, rental properties (if the insured is renting a place), and temporary residences like hotel stays or vacation rentals can all be included as insured properties depending on the policy's language. The correct answer identifies a type of property not covered under a standard homeowners policy. A temporary place the insured is residing typically falls outside of what is considered insured property, largely because homeowners policies are designed to cover the primary residence and not properties where the insured might be staying temporarily without ownership or rental agreements in place. Vacant non-farmland and a place the insured is renting might be subject to certain conditions for coverage, but they can still fall under specific provisions of a homeowner's insurance policy. Thus, the distinction lies in the nature of temporary residences, which generally do not qualify for coverage under a homeowners policy as insured property.