NORRIS PERSONAL LINES PROPERTY
SECTION 2 | COMPREHENSIVE EXAM PREP,
PRACTICE QUESTIONS, CORRECT ANSWERS
AND STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
, Homeowners '00 Policy A package policy covering property and liability exposures of an average homeowner.
HO Coverage A Dwelling coverage; settled on a Replacement Cost Value (RCV) basis.
HO Coverage B Other Structures; automatically provides an additional 10% of Coverage A limit. RCV on
buildings, ACV other property
HO Coverage C Unscheduled Personal Property; settled on an Actual Cash Value (ACV) basis. (Additional
50% of coverage A) (Territory-100% of the limit world wide)
HO Coverage D Loss of Use; indirect loss coverage providing 30% of Coverage A.
HO Coverage E Personal Liability; minimum combined single limit of $100,000 per occurrence.
HO Coverage F Medical Payments to Others; minimum limits of $1,000/person and $25,000 per
occurrence aggregate.
Kansas Special Provisions Endorsement (HO) Allows 5 years to sue the insurer and requires loss payment within 30 days.
Scheduled Personal Property Endorsement Provides open peril, agreed value coverage worldwide with no deductible for valuables.
Water Back Up Endorsement Provides up to $5,000 of coverage with a $250 deductible.
Personal Injury Endorsement Covers lawsuits from defamation, wrongful arrest, or wrongful eviction.
Homeowners Policy "Named Insured" The person named on the declarations page and their resident spouse.
Homeowners Policy "Insured" Resident relatives, or resident minors under 21 in the care of the insured.
SECTION 2 | COMPREHENSIVE EXAM PREP,
PRACTICE QUESTIONS, CORRECT ANSWERS
AND STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
, Homeowners '00 Policy A package policy covering property and liability exposures of an average homeowner.
HO Coverage A Dwelling coverage; settled on a Replacement Cost Value (RCV) basis.
HO Coverage B Other Structures; automatically provides an additional 10% of Coverage A limit. RCV on
buildings, ACV other property
HO Coverage C Unscheduled Personal Property; settled on an Actual Cash Value (ACV) basis. (Additional
50% of coverage A) (Territory-100% of the limit world wide)
HO Coverage D Loss of Use; indirect loss coverage providing 30% of Coverage A.
HO Coverage E Personal Liability; minimum combined single limit of $100,000 per occurrence.
HO Coverage F Medical Payments to Others; minimum limits of $1,000/person and $25,000 per
occurrence aggregate.
Kansas Special Provisions Endorsement (HO) Allows 5 years to sue the insurer and requires loss payment within 30 days.
Scheduled Personal Property Endorsement Provides open peril, agreed value coverage worldwide with no deductible for valuables.
Water Back Up Endorsement Provides up to $5,000 of coverage with a $250 deductible.
Personal Injury Endorsement Covers lawsuits from defamation, wrongful arrest, or wrongful eviction.
Homeowners Policy "Named Insured" The person named on the declarations page and their resident spouse.
Homeowners Policy "Insured" Resident relatives, or resident minors under 21 in the care of the insured.
