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OHIO PROPERTY AND CASUALTY
EXAM 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. What are extended covered perils on a basic Dwelling policy? -
correct answer -Windstorm or hail, explosion, smoke, aircraft
and vehicles, riot or civil commotion, volcanic eruption, and
vandalism and malicious mischief
2. An insured's house becomes uninhabitable due to damage by
a fire. As a result, the insured has to rent an apartment until
repairs are made. Which type of coverage under the dwelling
policy will pay for the expense of renting the apartment? -
correct answer -Coverage E - Additional Living Expenses
3. Which dwelling policy coverage will provide protection for
contents damaged by fire in an insured dwelling? - correct
answer -Up to 4 Units
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4. Under what conditions can broad theft coverage be added to a
dwelling policy? - correct answer -If the insured is the owner-
occupant of the dwelling
5. Under coverage C - Personal Property in the dwelling policy,
when will a guest's property be covered? - correct answer -
Only when the property is at the insured's location
6. Which dwelling form is called Broad form? - correct answer -
DP-2
7. What are the 3 types of coverage available in dwelling policies?
- correct answer -Basic, Broad, and Special
8. What are some of the exclusions found in all 3 dwelling forms?
- correct answer -Earth movement, water damage, power
failure, neglect, war, nuclear hazard, intentional loss, freezing
of plumbing, ordinance or law, and government action
9. Replacement cost coverage is provided in both the broad and
special form dwelling policies when the amount of insurance on
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the dwelling is what percentage? - correct answer -At least
80% of the replacement cost
10. What do dwelling policies insure? - correct answer -Dwelling
only, contents only, or both dwelling and contents
11. If an insured is in the process of moving to a new location,
his personal property coverage under the dwelling policy will
apply on a pro rata basis at both locations for how long? -
correct answer -30 days
12. In dwelling policies, within how many years of a loss may an
insured bring a lawsuit against the insurer? - correct answer -2
years
13. Which dwelling policy coverage will insure a garage not
attached to the primary insured dwelling? - correct answer -
Coverage B - Other Structures
14. What do individuals use to transfer their risk of loss to a
larger group? - correct answer -Insurance
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15. What are the four elements of an insurance contract? -
correct answer -Agreement (Offer and Acceptance),
Consideration, Competent parties, and legal purpose.
16. In the agent/insurer relationship, who is considered the
principal? - correct answer -Insurer
17. Insurance contracts are aleatory in nature. What does that
mean? - correct answer -Unequal values are exchanged
between the parties to a contract.
18. What are the methods of managing risk? - correct answer -
Avoidance, transfer, sharing, retention, and reduction
19. In insurance contracts, when does acceptance usually
occur? - correct answer -When the insurer approves a prepaid
application
OHIO PROPERTY AND CASUALTY
EXAM 2025 BRAND NEW ACTUAL
EXAM WITH ANSWERS.
1. What are extended covered perils on a basic Dwelling policy? -
correct answer -Windstorm or hail, explosion, smoke, aircraft
and vehicles, riot or civil commotion, volcanic eruption, and
vandalism and malicious mischief
2. An insured's house becomes uninhabitable due to damage by
a fire. As a result, the insured has to rent an apartment until
repairs are made. Which type of coverage under the dwelling
policy will pay for the expense of renting the apartment? -
correct answer -Coverage E - Additional Living Expenses
3. Which dwelling policy coverage will provide protection for
contents damaged by fire in an insured dwelling? - correct
answer -Up to 4 Units
, Page | 2
4. Under what conditions can broad theft coverage be added to a
dwelling policy? - correct answer -If the insured is the owner-
occupant of the dwelling
5. Under coverage C - Personal Property in the dwelling policy,
when will a guest's property be covered? - correct answer -
Only when the property is at the insured's location
6. Which dwelling form is called Broad form? - correct answer -
DP-2
7. What are the 3 types of coverage available in dwelling policies?
- correct answer -Basic, Broad, and Special
8. What are some of the exclusions found in all 3 dwelling forms?
- correct answer -Earth movement, water damage, power
failure, neglect, war, nuclear hazard, intentional loss, freezing
of plumbing, ordinance or law, and government action
9. Replacement cost coverage is provided in both the broad and
special form dwelling policies when the amount of insurance on
, Page | 3
the dwelling is what percentage? - correct answer -At least
80% of the replacement cost
10. What do dwelling policies insure? - correct answer -Dwelling
only, contents only, or both dwelling and contents
11. If an insured is in the process of moving to a new location,
his personal property coverage under the dwelling policy will
apply on a pro rata basis at both locations for how long? -
correct answer -30 days
12. In dwelling policies, within how many years of a loss may an
insured bring a lawsuit against the insurer? - correct answer -2
years
13. Which dwelling policy coverage will insure a garage not
attached to the primary insured dwelling? - correct answer -
Coverage B - Other Structures
14. What do individuals use to transfer their risk of loss to a
larger group? - correct answer -Insurance
, Page | 4
15. What are the four elements of an insurance contract? -
correct answer -Agreement (Offer and Acceptance),
Consideration, Competent parties, and legal purpose.
16. In the agent/insurer relationship, who is considered the
principal? - correct answer -Insurer
17. Insurance contracts are aleatory in nature. What does that
mean? - correct answer -Unequal values are exchanged
between the parties to a contract.
18. What are the methods of managing risk? - correct answer -
Avoidance, transfer, sharing, retention, and reduction
19. In insurance contracts, when does acceptance usually
occur? - correct answer -When the insurer approves a prepaid
application
