Free Homeowners Policy Concepts Practice Questions
Florida General Lines — Property & Casualty (2-20) exam (series 2-20) — 97 practice questions.
Subtopics: Hurricane deductible, Hurricane deductible disclosure, Hurricane-damaged property, Cancellation during hurricane, Hurricane duration, Hurricane coverage interior rain, Hurricane deductible annual, Deductible above 10 percent, Hurricane deductible dollar value, Lower deductible timing, All other perils deductible offer, Roof deductible cap, Mitigation deductible option, Mitigation features, Roof age under 15 years, Older roof inspection, Total loss replacement cost, Personal property replacement cost, Valued policy law mixed causes, Catastrophic ground cover collapse elements, Settling and cracking, Sinkhole deductibles, Sinkhole coverage offer, HO-6 loss assessment, Fungus coverage, Coverage forms, Coverage C territory, Liability coverages, Property coverages, Coverage D limit, Coverage E limit, Coverage F limit, HO-4 renters, HO-6 condominium, HO-3 special form, HO-5 comprehensive, HO-8 modified, Coverage F medical payments, Coverage E personal liability, Special limits of liability, Loss of use, Scheduled personal property, Coverage B percentage, Self-storage limit, Section II exclusions, Section I excluded perils, Definitions, Special limits, Personal property, Additional coverages, Perils insured against, Section I exclusions, Conditions, Section II additional coverages, Selected endorsements, Scheduled property endorsement, HO-6 special coverage, Replacement cost endorsement, HO-5 special limits, HO-5 Coverage C, HO-5 loss settlement
Read the Homeowners Policy Concepts study guide
Sample questions & answers
1. Before issuing a personal lines residential property policy, a Florida insurer must offer hurricane deductible options of:
500 dollars and 2, 5, and 10 percent of the dwelling limits
Florida requires insurers to offer hurricane deductibles of 500 dollars and 2, 5, and 10 percent of the policy dwelling limits, unless a percentage is less than 500 dollars.
2. A Florida policy that contains a separate hurricane deductible must display the statutory warning on its face in boldfaced type no smaller than:
18 points
A policy with a separate hurricane deductible must carry, in boldfaced 18-point type, a statement that the deductible may result in high out-of-pocket expenses.
3. If a Florida home is damaged by a hurricane covered by an emergency declaration, the authorized insurer generally may not cancel or nonrenew the policy until:
90 days after the dwelling has been repaired
For hurricane or wind damage subject to an emergency declaration, the insurer may not cancel or nonrenew for 90 days after the property is repaired, except for limited reasons such as nonpayment or claim fraud.
4. If the effective date of a Florida residential property cancellation or nonrenewal falls during a hurricane, the effective date:
Is extended until the end of the hurricane
A cancellation or nonrenewal that would take effect during a hurricane is extended until the end of the hurricane, unless replacement coverage is in effect.
All General Lines — Property & Casualty (2-20) topics
Practice: Homeowners Policy Concepts
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
