Free Homeowners Policy Concepts Practice Questions
Georgia Property exam (series 12-GA-03) — 141 practice questions.
Subtopics: Homeowners cancellation, Homeowners nonrenewal, Reduction in coverage, FAIR plan notice, Eligibility, HO-3 special, HO-4 renters, HO-6 condo, HO-8 modified, Coverage C limit, Coverage B limit, Loss of use, Coverage E liability, Coverage F medical payments, Replacement cost requirement, Special limits, Standard mortgage clause, Vacant vs unoccupied, Open vs named perils, Loss assessment, Debris removal, Trees and shrubs, Ordinance or law, Appraisal condition, Business pursuits, Home day care, Personal injury, Watercraft endorsement, Fungi limitation, Permitted incidental occupancies, Identity fraud, Earthquake endorsement, Scheduled personal property, Water and sewer backup, HO-2 broad form, HO-5 comprehensive form, Coverage A dwelling, Section I vs Section II, Medical payments exclusions, Credit card and forgery coverage, Collapse additional coverage, Glass or safety glazing, Landlords furnishings, Fire department service charge, Reasonable repairs, Property removed coverage, Damage to property of others, Money special limit, Volcanic eruption, Firearms theft limit, Business property on-premises limit, Personal property replacement cost, Grave markers, Refrigerated food spoilage, Concealment or fraud condition, Intentional loss exclusion, Neglect exclusion, Power failure exclusion, Nuclear hazard exclusion, Motor vehicle liability exclusion, Aircraft liability exclusion, Severability of insurance, Loss payment condition, Our option to repair or replace, Definition of insured, Full-time student, Residence premises, HO civil authority, HO-4 Coverage C, HO-4 additions and alterations, HO-6 Coverage A, HO-3 Coverage C perils, Theft from dwelling under construction, Theft - rented to others, Watercraft property limit, Securities limit, Jewelry theft limit, Silverware theft limit, Business property off premises, Property not covered, Coverage C worldwide, Personal property at other residence, Debris removal additional amount, Tree removal, Trees perils, Loss assessment limit, Ordinance or law limit, Grave markers limit, Landlord furnishings limit, Property removed duration, Replacement cost holdback, HO underinsured RC calc, Loss settlement - contents, Medical payments time limit, Section II additional - claim expenses, First aid expenses, Watercraft liability exclusion, Business exclusion, Coverage E exclusion - insured injury, Rented property liability, Expected or intended, Section II other insurance, Section I other insurance, HO cancellation - new policy, HO nonrenewal notice, Death of named insured, Mold exclusion HO-3, Animals owned exclusion, Vacancy - vandalism HO, Inflation guard HO, Additional living expense example, Section II, HO-5 vs HO-3, HO-5 special limits, HO-8 loss settlement, HO-8 theft, HO-8 perils, Water backup, Identity fraud expense
Read the Homeowners Policy Concepts study guide
Sample questions & answers
1. After a Georgia homeowners policy has been in effect more than 60 days, the insurer may cancel it for any of the following EXCEPT:
The insured filed one weather claim
After 60 days (or after a renewal's effective date), residential property cancellation is allowed only for nonpayment, fraud or material misrepresentation, a substantial increase in hazard, or violation of material policy terms.
2. A Georgia insurer that will not renew a homeowners policy must mail or deliver a written nonrenewal notice at least:
30 days before nonrenewal takes effect
Nonrenewal of a policy insuring a natural person's residential property requires written notice at least 30 days before the effective date, stating the reasons as required by Chapter 39.
3. A Georgia insurer reducing coverage on a homeowners policy at renewal must give a separate written notice at least 30 days in advance titled:
NOTICE OF REDUCTION IN COVERAGE
Notice of a reduction in coverage must be at least 30 days before the effective date, in a separate document headed 'NOTICE OF REDUCTION IN COVERAGE' in capital letters of at least 12-point type.
4. When a Georgia insurer nonrenews a homeowners policy, or cancels it for a reason other than nonpayment, the notice must tell the insured about possible eligibility for:
The Georgia FAIR Plan
Cancellation other than for nonpayment, or nonrenewal, of residential property coverage must include notice of possible eligibility through the Georgia Fair Access to Insurance Requirements Plan and how to contact it.
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.
