MN PROPERTY CASUALTY STATE EXAM
2026 FINAL PAPER ACCURATE SOLUTIONS
VERIFIED GRADED A+
⩥ HO-4.
Answer: contents broad form, insures tenants (renters insurance) no
dwelling coverage
⩥ HO-5.
Answer: comprehensive form, provides open peril coverage for both the
dwelling and other structures and personal property
⩥ HO-6.
Answer: (unit- owners form) Condominium owners
⩥ HO-8.
Answer: modified coverage form, policy is for OLDER HOMES that
have a replacement cost that is much higher than its market value - basic
coverage. In many areas HO-8 is no longer available.
⩥ Is liability coverage provided with all HO forms?
Answer: Liability coverage is included in all the homeowner's policy
forms.
,⩥ Coverage D: Loss of Use (Homeowners)
Answer: covers losses incurred as a result of your home being
uninhabitable
⩥ Homeowners Basic Form Perils
Answer: WC SHAVVER + vandalism + Theft
⩥ WC SHAVVER
Answer: WINDSTORM, CIVIL COMMOTION, SMOKE, HAIL,
AIRCRAFT, VEHICLES, VOLCANO, EXPLOSION, RIOT
⩥ what percentage must the insured carry for the amount of insurance to
replace a building cost?
Answer: 80%
⩥ Section 1 of the homeowner's policy covers what?
Answer: the home and its contents
⩥ Section 2 on Homeowners Policy
Answer: Liability and medical payments. paid to others only
, ⩥ The HO-2 policy provides an additional ___% amount of coverage ont
he dwelling for loss of personal property but only __% of the personal
property limit can be applied to property
Answer: 50% and 10%. meaning you would cut the number in half then
minus 10%
⩥ DP-1 covers
Answer: non attached buildings
⩥ what is the most coverage available for a single family dwelling
covered under the regular flood program?
Answer: Building- $250,000 and Contents - $100,000
⩥ Mobile Home Insurance
Answer: -endorsement to a dwelling or homeowners policy
-can be separate policy
-insures the home, other structures (10%), and contents
-personal property- 40% of dwelling coverage
-loss of use -20%
-permanent foundation
⩥ whats included in the personal effects floater?
2026 FINAL PAPER ACCURATE SOLUTIONS
VERIFIED GRADED A+
⩥ HO-4.
Answer: contents broad form, insures tenants (renters insurance) no
dwelling coverage
⩥ HO-5.
Answer: comprehensive form, provides open peril coverage for both the
dwelling and other structures and personal property
⩥ HO-6.
Answer: (unit- owners form) Condominium owners
⩥ HO-8.
Answer: modified coverage form, policy is for OLDER HOMES that
have a replacement cost that is much higher than its market value - basic
coverage. In many areas HO-8 is no longer available.
⩥ Is liability coverage provided with all HO forms?
Answer: Liability coverage is included in all the homeowner's policy
forms.
,⩥ Coverage D: Loss of Use (Homeowners)
Answer: covers losses incurred as a result of your home being
uninhabitable
⩥ Homeowners Basic Form Perils
Answer: WC SHAVVER + vandalism + Theft
⩥ WC SHAVVER
Answer: WINDSTORM, CIVIL COMMOTION, SMOKE, HAIL,
AIRCRAFT, VEHICLES, VOLCANO, EXPLOSION, RIOT
⩥ what percentage must the insured carry for the amount of insurance to
replace a building cost?
Answer: 80%
⩥ Section 1 of the homeowner's policy covers what?
Answer: the home and its contents
⩥ Section 2 on Homeowners Policy
Answer: Liability and medical payments. paid to others only
, ⩥ The HO-2 policy provides an additional ___% amount of coverage ont
he dwelling for loss of personal property but only __% of the personal
property limit can be applied to property
Answer: 50% and 10%. meaning you would cut the number in half then
minus 10%
⩥ DP-1 covers
Answer: non attached buildings
⩥ what is the most coverage available for a single family dwelling
covered under the regular flood program?
Answer: Building- $250,000 and Contents - $100,000
⩥ Mobile Home Insurance
Answer: -endorsement to a dwelling or homeowners policy
-can be separate policy
-insures the home, other structures (10%), and contents
-personal property- 40% of dwelling coverage
-loss of use -20%
-permanent foundation
⩥ whats included in the personal effects floater?
