Page |1
Auto Claims Adjusting Questions and
Correct Answers/ Latest Update / Already
Graded
HO-2
Ans: "Broad" Named-peril form; covers the insureds house and
personal property.
HO-4
Ans: "Contents Broad Form" Named Peril Form; Renters
insurance; covers personal property but not house and other
structures.
HO-6
Ans: "Unit Owners form" Named Peril Form; Condo Form;
Covers owner's belongings and all finished surfaces of the
individual condominium unit.
HO-8
Ans: "Modified Coverage Form" Named Peril Form; Covers
property at ACV, advantage: it's cheaper
All rights reserved © 2025/ 2026 |
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HO-3
Ans: "Special Form" Open-Peril coverage for dwelling and
other structures; Named peril coverage for personal
property(all Broad Form perils)
HO-5
Ans: "Comprehensive Form" Open-peril coverage for structures
and personal property; most comprehensive coverage available.
Coverage A
Ans: Dwelling; structure attached to dwelling
Coverage B
Ans: Designed for detached structures; Pays in addition to
coverage A limit.
Coverage C
Ans: Personal Property; all property that does not qualify as
real property; covered anywhere in the world. (Full coverage on
premises, varies elsewhere)
All rights reserved © 2025/ 2026 |
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Coverage D
Ans: For indirect losses; Additional Living Expenses, Fair
Rental Value, Prohibited Use(civil authority); measures in time
rather than dollars(pays as long as needed)
Coverage E
Ans: Personal Liability; pays for bodily injury and property
damage to third party if insured is found negligent. Never pays
insured.
Coverage F
Ans: Medical Payments; no fault coverage, med expenses
incurred by 3rd party due to accident on INSD premises.
DP-1
Ans: Basic Form; named-peril coverage; only covers fire,
lightning, and internal explosion.
DP-2
Ans: Broad Form; extended form perils(windstorm, civil
commotion, smoke, hail, aircraft, vehicles, volcanic eruption,
external explosion, and riot)
All rights reserved © 2025/ 2026 |
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DP-3
Ans: Special Form; open-peril coverage to structures, named
peril coverage to personal property.
A dwelling policy has no liability
Ans: What is a major difference between a Homeowner's policy
as a dwelling policy?
10/20/10
Ans: What is the current minimum amount of liability coverage
required by the state of Florida for a driver who is found to b e
at fault in an accident?
$10,000
Ans: Anyone who registers or drives a car in Florida must have
PIP coverage of at least:
$25,000
All rights reserved © 2025/ 2026 |
Auto Claims Adjusting Questions and
Correct Answers/ Latest Update / Already
Graded
HO-2
Ans: "Broad" Named-peril form; covers the insureds house and
personal property.
HO-4
Ans: "Contents Broad Form" Named Peril Form; Renters
insurance; covers personal property but not house and other
structures.
HO-6
Ans: "Unit Owners form" Named Peril Form; Condo Form;
Covers owner's belongings and all finished surfaces of the
individual condominium unit.
HO-8
Ans: "Modified Coverage Form" Named Peril Form; Covers
property at ACV, advantage: it's cheaper
All rights reserved © 2025/ 2026 |
, Page |2
HO-3
Ans: "Special Form" Open-Peril coverage for dwelling and
other structures; Named peril coverage for personal
property(all Broad Form perils)
HO-5
Ans: "Comprehensive Form" Open-peril coverage for structures
and personal property; most comprehensive coverage available.
Coverage A
Ans: Dwelling; structure attached to dwelling
Coverage B
Ans: Designed for detached structures; Pays in addition to
coverage A limit.
Coverage C
Ans: Personal Property; all property that does not qualify as
real property; covered anywhere in the world. (Full coverage on
premises, varies elsewhere)
All rights reserved © 2025/ 2026 |
, Page |3
Coverage D
Ans: For indirect losses; Additional Living Expenses, Fair
Rental Value, Prohibited Use(civil authority); measures in time
rather than dollars(pays as long as needed)
Coverage E
Ans: Personal Liability; pays for bodily injury and property
damage to third party if insured is found negligent. Never pays
insured.
Coverage F
Ans: Medical Payments; no fault coverage, med expenses
incurred by 3rd party due to accident on INSD premises.
DP-1
Ans: Basic Form; named-peril coverage; only covers fire,
lightning, and internal explosion.
DP-2
Ans: Broad Form; extended form perils(windstorm, civil
commotion, smoke, hail, aircraft, vehicles, volcanic eruption,
external explosion, and riot)
All rights reserved © 2025/ 2026 |
, Page |4
DP-3
Ans: Special Form; open-peril coverage to structures, named
peril coverage to personal property.
A dwelling policy has no liability
Ans: What is a major difference between a Homeowner's policy
as a dwelling policy?
10/20/10
Ans: What is the current minimum amount of liability coverage
required by the state of Florida for a driver who is found to b e
at fault in an accident?
$10,000
Ans: Anyone who registers or drives a car in Florida must have
PIP coverage of at least:
$25,000
All rights reserved © 2025/ 2026 |
