Property and Casualty Homeowners
Exam questions with solutions
Which of the following two perils would be excluded if a property was vacant for more
than 60 days? - answersDamage by burglars and accidental discharge of steam or
water
When can a policy be voided if an insured committed fraud? - answersbefore or after a
loss
How is the premium for Home Day Care Coverage determined? - answersnumber of
children
An exclusive home would most likely be insured under which form? - answersHO-8
What Homeowners form is called the Renter's policy? - answersHO-4
The Collapse Additional Coverage is included in which Homeowners forms? -
answersAll forms except HO-8
Jill's summer vacation cabin is covered by an HO-3. Two years ago she bought it for
$58,000. Now its replacement value is $60,000. How much Coverage A does she need
to qualify for replacement cost coverage? - answers$48,000
*must be insured for 80%**
The Dwelling and Homeowner policies both EXCLUDE coverage for: - answersflood
What are the two types of insurance provided in Homeowners policies? -
answersProperty & Liability
What is the Coverage C limitation on the theft of furs? - answers$1500
Under a homeowners policy, which of the following statements are TRUE regarding
coverage of a Fire Department Service Charge? - answersThe cost is included in
addition to the limit of insurance
If a roof is damaged due to a covered peril, under which coverage part would the
materials to make the repairs be paid: - answersdwelling
If a homeowner's replacement value is more than its purchase price, what type of
hazard does this describe? - answersmoral
Exam questions with solutions
Which of the following two perils would be excluded if a property was vacant for more
than 60 days? - answersDamage by burglars and accidental discharge of steam or
water
When can a policy be voided if an insured committed fraud? - answersbefore or after a
loss
How is the premium for Home Day Care Coverage determined? - answersnumber of
children
An exclusive home would most likely be insured under which form? - answersHO-8
What Homeowners form is called the Renter's policy? - answersHO-4
The Collapse Additional Coverage is included in which Homeowners forms? -
answersAll forms except HO-8
Jill's summer vacation cabin is covered by an HO-3. Two years ago she bought it for
$58,000. Now its replacement value is $60,000. How much Coverage A does she need
to qualify for replacement cost coverage? - answers$48,000
*must be insured for 80%**
The Dwelling and Homeowner policies both EXCLUDE coverage for: - answersflood
What are the two types of insurance provided in Homeowners policies? -
answersProperty & Liability
What is the Coverage C limitation on the theft of furs? - answers$1500
Under a homeowners policy, which of the following statements are TRUE regarding
coverage of a Fire Department Service Charge? - answersThe cost is included in
addition to the limit of insurance
If a roof is damaged due to a covered peril, under which coverage part would the
materials to make the repairs be paid: - answersdwelling
If a homeowner's replacement value is more than its purchase price, what type of
hazard does this describe? - answersmoral
