Which describes 'residence premises' in the homeowners policy?

Which describes 'residence premises' in the homeowners policy?

• A. A business building where the insured conducts business
• B. A single-family dwelling where named insured lives
• C. A commercial warehouse used for storage
• D. A vacant land not owned by the insured

Answer: (B)

Residence premises refers to the dwelling where the insured actually lives. In a homeowners policy, this is the home covered for the policy’s protections and where the insured’s household resides. A single-family home that the named insured occupies fits this description, so it is the residence premises. Places like a business building used for work, a commercial warehouse, or vacant land not owned or not used as a residence aren’t the residence premises, so they wouldn’t describe the location the policy treats as the home.

Residence premises refers to the dwelling where the insured actually lives. In a homeowners policy, this is the home covered for the policy’s protections and where the insured’s household resides. A single-family home that the named insured occupies fits this description, so it is the residence premises.

Places like a business building used for work, a commercial warehouse, or vacant land not owned or not used as a residence aren’t the residence premises, so they wouldn’t describe the location the policy treats as the home.