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Personal Lines Final Exam 1 Questions And
Answers |Latest 2025 | Guaranteed Pass
On a HO ('00) policy, coverage for personal property applies:
A) On premises only
B) Within the U.S Only
C) In North America Only
D) Anywhere in the world - Answer✔D) Anywhere in the world
On a Property policy, the exclusion on earth movement excludes all EXCEPT:
A) Earthquake
B) Explosion
C) Landslide
D) Mud flow - Answer✔B) Explosion
On a HO-3 ('00), rain damage to contents is covered:
A) Never, since contents coverage is named peril
B) Always, since rain damage is coverage peril
C) Always, since the HO-3 is all-risk
D) If the wind damages the dwelling allowing the rain to enter - Answer✔D) If the wind
damages the dwelling allowing the rain to enter
All are true about an HO-4 ('00) policy EXCEPT:
1
, ©THESTAR 2025 ALL RIGHTS RESERVED 12:35 PM A+
A) It is often sold to those who rent apartments
B) It is also known as "contents broad form" coverage
C) It does not cover theft of personal liability
D) It covers both personal property and personal liability - Answer✔C) It does not cover theft of
personal liability
An insured w/ a HO-3 ('00) policy covering his dwelling for $100,000 rents out his garage to a
friend for his wood-working business. In the event the garage burns down, what is the most the
policy will pay:
A) Zero
B) $10,000
C) $10,000 plus loss of rental income
D) $10,000 plus the value of the friend's woodworking equipment - Answer✔A) Zero
On a DP policy, which provision applies to a loss when two or more policies are in force:
A) Co-insurance
B) Other insurance
C) Liberalization
D) Subrogation - Answer✔B) Other insurance
On an all-risk HO-3 ('00), which of the following is fully covered:
A) Theft of your outboard motor from your boat at the marine
B) Your canoe is stolen from your unattached garage
C) Dropping and breaking your $2,500 camera
D) Theft of your $2,500 Rolex - Answer✔B) Your canoe is stolen from your unattached garage
A fire totally destroys your home. Your HO-3 ('00) policy would cover all of the following
EXCEPT:
2
Personal Lines Final Exam 1 Questions And
Answers |Latest 2025 | Guaranteed Pass
On a HO ('00) policy, coverage for personal property applies:
A) On premises only
B) Within the U.S Only
C) In North America Only
D) Anywhere in the world - Answer✔D) Anywhere in the world
On a Property policy, the exclusion on earth movement excludes all EXCEPT:
A) Earthquake
B) Explosion
C) Landslide
D) Mud flow - Answer✔B) Explosion
On a HO-3 ('00), rain damage to contents is covered:
A) Never, since contents coverage is named peril
B) Always, since rain damage is coverage peril
C) Always, since the HO-3 is all-risk
D) If the wind damages the dwelling allowing the rain to enter - Answer✔D) If the wind
damages the dwelling allowing the rain to enter
All are true about an HO-4 ('00) policy EXCEPT:
1
, ©THESTAR 2025 ALL RIGHTS RESERVED 12:35 PM A+
A) It is often sold to those who rent apartments
B) It is also known as "contents broad form" coverage
C) It does not cover theft of personal liability
D) It covers both personal property and personal liability - Answer✔C) It does not cover theft of
personal liability
An insured w/ a HO-3 ('00) policy covering his dwelling for $100,000 rents out his garage to a
friend for his wood-working business. In the event the garage burns down, what is the most the
policy will pay:
A) Zero
B) $10,000
C) $10,000 plus loss of rental income
D) $10,000 plus the value of the friend's woodworking equipment - Answer✔A) Zero
On a DP policy, which provision applies to a loss when two or more policies are in force:
A) Co-insurance
B) Other insurance
C) Liberalization
D) Subrogation - Answer✔B) Other insurance
On an all-risk HO-3 ('00), which of the following is fully covered:
A) Theft of your outboard motor from your boat at the marine
B) Your canoe is stolen from your unattached garage
C) Dropping and breaking your $2,500 camera
D) Theft of your $2,500 Rolex - Answer✔B) Your canoe is stolen from your unattached garage
A fire totally destroys your home. Your HO-3 ('00) policy would cover all of the following
EXCEPT:
2
