9/21/24, 5:45 PM
VA Property and Casualty Insurance Exam 2019-2020
Jeremiah
Practice questions for this set
Terms in this set (151)
What HO form covers a historic home with HO-8 (modified homeowners)
replacement cost more than the market
value?
In general, what do Homeowners policies Dwellings used primarily as private residences
cover?
1/7
, 9/21/24, 5:45 PM
What type of coverage is included in Liability coverage
Homeowners policies, but is not available in
Dwelling policies?
What are the 2 liability coverages included in Coverage E - Personal Liability and Coverage F - Medical Payments to Others
Homeowners policy forms?
Under Coverage C of an HO-3 policy, what At least 50% of the Coverage A limit (this applies to all policies except for HO-4 and
is the amount of insurance provided for HO-6)
personal property?
When can an insured cancel a At any time by mailing a written notice of cancellation
Businessowners policy?
Losses caused by vandalism and malicious 60 days
mischief are excluded from coverage if a
dwelling has been vacant for how many
days?
What does form HO-5 cover? The dwelling and other structures, as well as contents and personal property
What are the coverage parts that may be Commercial property, general liability, crime, equipment breakdown, auto, inland
included in a Commercial Package Policy marine, and farm
(CPP)?
What are some of the exclusions from Land, structures used for business purposes, animals/birds/fish, aircraft, rented
coverage in all of the Homeowners forms? property, electronic data, and motor vehicles
How is the coverage usually written for HO- For the market value of the property
8 forms?
Which dwelling policy coverage will provide Coverage C - Personal Property
protection for contents damaged by fire in
an insured dwelling?
What HO form insures a tenant living in an HO - 4 (tenant broad form)
apartment?
When would theft of property of guests and Only while on the insured premises
residence employees be covered under the
HO-8 form?
What HO form covers condominium unit HO-6 (condominium unit owners)
owners?
Misplacement or loss of property without knowledge as to the location, time and cause
What is mysterious disappearance?
of the loss
What are additional coverages available in Debris removal, lawns/plants/shrubs, and trees,removal, reasonable repairs, and fire
Homeowners policies without additional department service charge
premiums?
In dwelling policies, any volcanic activity will 72 hours
be considered part of the occurrence if it all
happens within how many hours?
How many owner occupied residences per An HO policy may insurer a property that has 1-4 family owner occupied residences
covered home are allowed by Homeowners
policies?
In order for forms HO-2, HO-3, and HO-5 to 80%
provide coverage, a dwelling must be
insured for at least what percentage of
replacement cost?
2/7
VA Property and Casualty Insurance Exam 2019-2020
Jeremiah
Practice questions for this set
Terms in this set (151)
What HO form covers a historic home with HO-8 (modified homeowners)
replacement cost more than the market
value?
In general, what do Homeowners policies Dwellings used primarily as private residences
cover?
1/7
, 9/21/24, 5:45 PM
What type of coverage is included in Liability coverage
Homeowners policies, but is not available in
Dwelling policies?
What are the 2 liability coverages included in Coverage E - Personal Liability and Coverage F - Medical Payments to Others
Homeowners policy forms?
Under Coverage C of an HO-3 policy, what At least 50% of the Coverage A limit (this applies to all policies except for HO-4 and
is the amount of insurance provided for HO-6)
personal property?
When can an insured cancel a At any time by mailing a written notice of cancellation
Businessowners policy?
Losses caused by vandalism and malicious 60 days
mischief are excluded from coverage if a
dwelling has been vacant for how many
days?
What does form HO-5 cover? The dwelling and other structures, as well as contents and personal property
What are the coverage parts that may be Commercial property, general liability, crime, equipment breakdown, auto, inland
included in a Commercial Package Policy marine, and farm
(CPP)?
What are some of the exclusions from Land, structures used for business purposes, animals/birds/fish, aircraft, rented
coverage in all of the Homeowners forms? property, electronic data, and motor vehicles
How is the coverage usually written for HO- For the market value of the property
8 forms?
Which dwelling policy coverage will provide Coverage C - Personal Property
protection for contents damaged by fire in
an insured dwelling?
What HO form insures a tenant living in an HO - 4 (tenant broad form)
apartment?
When would theft of property of guests and Only while on the insured premises
residence employees be covered under the
HO-8 form?
What HO form covers condominium unit HO-6 (condominium unit owners)
owners?
Misplacement or loss of property without knowledge as to the location, time and cause
What is mysterious disappearance?
of the loss
What are additional coverages available in Debris removal, lawns/plants/shrubs, and trees,removal, reasonable repairs, and fire
Homeowners policies without additional department service charge
premiums?
In dwelling policies, any volcanic activity will 72 hours
be considered part of the occurrence if it all
happens within how many hours?
How many owner occupied residences per An HO policy may insurer a property that has 1-4 family owner occupied residences
covered home are allowed by Homeowners
policies?
In order for forms HO-2, HO-3, and HO-5 to 80%
provide coverage, a dwelling must be
insured for at least what percentage of
replacement cost?
2/7
