Iowa Property Insurance Test with
Complete Solutions
Insurable interest must exist
A. At all times
B. At the time of the loss
C. At the time the policy is instated - ANS-B
T/F DP Broad & Special Form include coverage for collapse. - ANS-True
Open Perils dwelling coverage and named perils personal property coverage is under
what HO policy - ANS-HO3
What HO Policies cover only named perils - ANS-HO2, HO4, HO8
T/F Coverage is provided for 1st aid expenses incurred by insured while aiding others. -
ANS-True
HO Broad Form - ANS-HO2
HO Special Form - ANS-HO3
HO Renters Form - ANS-HO4
HO Comprehensive Form - ANS-HO5
HO Condo Unit Form - ANS-HO6
HO Modified Special Risk Form - ANS-HO8
The uncertainty of financial loss - ANS-Risk
An event that causes a loss - ANS-Peril
Are DP Coverage A-C the same or different than HO? - ANS-The Same
DP Coverage D - ANS-Rental Value
DP Coverage E - ANS-Additional Living Expenses
Dwelling Property Basic Form - ANS-DP1
Complete Solutions
Insurable interest must exist
A. At all times
B. At the time of the loss
C. At the time the policy is instated - ANS-B
T/F DP Broad & Special Form include coverage for collapse. - ANS-True
Open Perils dwelling coverage and named perils personal property coverage is under
what HO policy - ANS-HO3
What HO Policies cover only named perils - ANS-HO2, HO4, HO8
T/F Coverage is provided for 1st aid expenses incurred by insured while aiding others. -
ANS-True
HO Broad Form - ANS-HO2
HO Special Form - ANS-HO3
HO Renters Form - ANS-HO4
HO Comprehensive Form - ANS-HO5
HO Condo Unit Form - ANS-HO6
HO Modified Special Risk Form - ANS-HO8
The uncertainty of financial loss - ANS-Risk
An event that causes a loss - ANS-Peril
Are DP Coverage A-C the same or different than HO? - ANS-The Same
DP Coverage D - ANS-Rental Value
DP Coverage E - ANS-Additional Living Expenses
Dwelling Property Basic Form - ANS-DP1