INSURANCE ADJUSTER UPDATED
COMPREHENSIVE EXAM QUESTIONS AND
ANSWERS SURE A+
✔✔The condominium form HO-6 provides no dwelling coverage but provides the same
coverage as what other form for personal property? - ✔✔HO-2 (they're both Broad Form
named perils)
✔✔Which is excluded under a homeowner's policy?
a) earthquake
b) a dwelling insured under the HO-5 form and damage in a flood
c) accidental and sudden discharge of water from plumbing system
d) meat which spoils when refrigerator motor breaks down after many years of service -
✔✔a, b, and d
✔✔Coverage E of the Homeowner's Policy has a minimum limit of: - ✔✔$100,000
✔✔How much coverage is applied to contents away from the premises under the
dwelling building and contents broad form? - ✔✔10% of contents coverage
, ✔✔Homeowner's insurance is a package policy combining two or more separate
coverages into one policy. Which of the following are advantages of a package policy? -
✔✔Efficiency, fewer gaps in coverage
✔✔To obtain coverage for the dwelling under a homeowners contract, the insured must:
- ✔✔be the owner occupant
✔✔All of the following types of personal property on each homeowner form are subject
to a special limit of liability of $1,500, except:
a) watercraft
b) trailers
c) securities, accounts, deeds
d) firearms - ✔✔d) firearms ($2500)
✔✔in the homeowners policy, personal property used for business purposes: - ✔✔is
covered for up to $2,500 on the premises and up to $500 off the premises
✔✔All of the following are additional coverages provided in addition to the stated limits
of liability in a homeowners policy, except:
a) claims expenses
b) first aid to others
c) loss assessment coverages
d) personal injuries - ✔✔d) personal injury
✔✔All of the following risks would be eligible for coverage under a homeowner policy,
except:
a) a four family dwelling under construction which will be occupied by the owner
b) an apartment rented by a tenant non-owner
c) a small family farm
d) a mobile home - ✔✔c) a small family farm
✔✔Replacement cost coverage for dwellings is available under: - ✔✔DP-2 and DP-3
only
✔✔HO-8 Basic Form of homeowner's policy is the only one that lets you: - ✔✔insure a
house for market value
✔✔Which HO Form has the least named perils? - ✔✔HO-8 Basic
✔✔Which HO Form is for older houses? - ✔✔HO-8 Basic
✔✔Which HO Form has the most named perils? - ✔✔HO-2 Broad
✔✔Which HO Form is all risk, for high value/luxury homes? - ✔✔HO-5 Comprehensive
COMPREHENSIVE EXAM QUESTIONS AND
ANSWERS SURE A+
✔✔The condominium form HO-6 provides no dwelling coverage but provides the same
coverage as what other form for personal property? - ✔✔HO-2 (they're both Broad Form
named perils)
✔✔Which is excluded under a homeowner's policy?
a) earthquake
b) a dwelling insured under the HO-5 form and damage in a flood
c) accidental and sudden discharge of water from plumbing system
d) meat which spoils when refrigerator motor breaks down after many years of service -
✔✔a, b, and d
✔✔Coverage E of the Homeowner's Policy has a minimum limit of: - ✔✔$100,000
✔✔How much coverage is applied to contents away from the premises under the
dwelling building and contents broad form? - ✔✔10% of contents coverage
, ✔✔Homeowner's insurance is a package policy combining two or more separate
coverages into one policy. Which of the following are advantages of a package policy? -
✔✔Efficiency, fewer gaps in coverage
✔✔To obtain coverage for the dwelling under a homeowners contract, the insured must:
- ✔✔be the owner occupant
✔✔All of the following types of personal property on each homeowner form are subject
to a special limit of liability of $1,500, except:
a) watercraft
b) trailers
c) securities, accounts, deeds
d) firearms - ✔✔d) firearms ($2500)
✔✔in the homeowners policy, personal property used for business purposes: - ✔✔is
covered for up to $2,500 on the premises and up to $500 off the premises
✔✔All of the following are additional coverages provided in addition to the stated limits
of liability in a homeowners policy, except:
a) claims expenses
b) first aid to others
c) loss assessment coverages
d) personal injuries - ✔✔d) personal injury
✔✔All of the following risks would be eligible for coverage under a homeowner policy,
except:
a) a four family dwelling under construction which will be occupied by the owner
b) an apartment rented by a tenant non-owner
c) a small family farm
d) a mobile home - ✔✔c) a small family farm
✔✔Replacement cost coverage for dwellings is available under: - ✔✔DP-2 and DP-3
only
✔✔HO-8 Basic Form of homeowner's policy is the only one that lets you: - ✔✔insure a
house for market value
✔✔Which HO Form has the least named perils? - ✔✔HO-8 Basic
✔✔Which HO Form is for older houses? - ✔✔HO-8 Basic
✔✔Which HO Form has the most named perils? - ✔✔HO-2 Broad
✔✔Which HO Form is all risk, for high value/luxury homes? - ✔✔HO-5 Comprehensive
