OHIO PROPERTY AND CASUALTY EXAM EXAM
SCRIPT 2026 QUESTIONS AND SOLUTIONS
GRADED A+
◉ What coverage forms are available in Homeowners policies?
Answer: HO-2, HO-3, HO-4, HO-5, HO-6, and HO-8
◉ What are the major coverages included in a Homeowners policy?
Answer: Coverage A - Dwelling, Coverage B - Other Structures,
Coverage C - Personal Property, and Coverage D - Loss of Use
◉ When replacement coverage cost is not reasonable, what type of
HO coverage is applicable? Answer: The HO-8 modified homeowners
form is intended for use when replacement cost coverage is not
practical.
◉ How are the dwelling and other structures covered in an HO-3
policy form? Answer: On an open-peril basis
◉ What homeowner's policy form is known as contents broad form?
Answer: HO-4 contents broad form.
,◉ When is an appraisal needed and how can it be requested?
Answer: If an insured and an insurer disagree about the value of a
property loss, either party can make a written demand for an
appraisal.
◉ Losses caused by vandalism and malicious are excluded from
coverage if a dwelling has been vacant for how many days? Answer:
60 days
◉ When does Uninsured Motorist coverage apply? Answer: When
the other party is legally liable but has no insurance
◉ Coverage for medical payments under a Personal Auto Policy
applies to expenses following a covered accident that are incurred
and services rendered within what time period? Answer: 3 years
◉ What Personal Auto Coverage would pay for the insured's travel
expenses and loss of earnings while the insured is involved in the
settlement process of a covered loss? Answer: Part A: Liability
◉ A vehicle rented from a commercial rental company is known as
what type of auto? Answer: Hired Auto
, ◉ What Coverage is provided in the liability section of the business
auto coverage form? Answer: The policy will pay for injury or
property damage to third parties.
◉ What coverages are available in the physical damage section of
the personal auto policy? Answer: Collision and other-than-collision
coverages.
◉ What would be considered a newly acquired auto? Answer: A
vehicle shown in the policy declarations
◉ What is a covered auto? Answer: A vehicle shown in the policy
declarations
◉ What do numerical symbols represent in auto policies? Answer:
They define the type of vehicle insured for specific coverages.
◉ Underinsured Motorist (UIM) coverage will pay the difference
between which two limits? Answer: The insured's UIM limits and the
at-fault driver's insurance bodily injury limits
◉ If an auto policy has liability of 40/60/20 what would be the
equivalent combined single limit? Answer: $80,000 (Combined total
of coverage for bodily injury and property damage)
SCRIPT 2026 QUESTIONS AND SOLUTIONS
GRADED A+
◉ What coverage forms are available in Homeowners policies?
Answer: HO-2, HO-3, HO-4, HO-5, HO-6, and HO-8
◉ What are the major coverages included in a Homeowners policy?
Answer: Coverage A - Dwelling, Coverage B - Other Structures,
Coverage C - Personal Property, and Coverage D - Loss of Use
◉ When replacement coverage cost is not reasonable, what type of
HO coverage is applicable? Answer: The HO-8 modified homeowners
form is intended for use when replacement cost coverage is not
practical.
◉ How are the dwelling and other structures covered in an HO-3
policy form? Answer: On an open-peril basis
◉ What homeowner's policy form is known as contents broad form?
Answer: HO-4 contents broad form.
,◉ When is an appraisal needed and how can it be requested?
Answer: If an insured and an insurer disagree about the value of a
property loss, either party can make a written demand for an
appraisal.
◉ Losses caused by vandalism and malicious are excluded from
coverage if a dwelling has been vacant for how many days? Answer:
60 days
◉ When does Uninsured Motorist coverage apply? Answer: When
the other party is legally liable but has no insurance
◉ Coverage for medical payments under a Personal Auto Policy
applies to expenses following a covered accident that are incurred
and services rendered within what time period? Answer: 3 years
◉ What Personal Auto Coverage would pay for the insured's travel
expenses and loss of earnings while the insured is involved in the
settlement process of a covered loss? Answer: Part A: Liability
◉ A vehicle rented from a commercial rental company is known as
what type of auto? Answer: Hired Auto
, ◉ What Coverage is provided in the liability section of the business
auto coverage form? Answer: The policy will pay for injury or
property damage to third parties.
◉ What coverages are available in the physical damage section of
the personal auto policy? Answer: Collision and other-than-collision
coverages.
◉ What would be considered a newly acquired auto? Answer: A
vehicle shown in the policy declarations
◉ What is a covered auto? Answer: A vehicle shown in the policy
declarations
◉ What do numerical symbols represent in auto policies? Answer:
They define the type of vehicle insured for specific coverages.
◉ Underinsured Motorist (UIM) coverage will pay the difference
between which two limits? Answer: The insured's UIM limits and the
at-fault driver's insurance bodily injury limits
◉ If an auto policy has liability of 40/60/20 what would be the
equivalent combined single limit? Answer: $80,000 (Combined total
of coverage for bodily injury and property damage)
