Free Homeowners Policy Concepts Practice Questions
Illinois Property exam — 146 practice questions.
Subtopics: Fire and EC defined, Homeowners cancellation grounds, Homeowners first 60 days, Homeowners nonrenewal bases, Occupant characteristics, Time to repair, Day care homes, FAIR Plan notice, Homeowners hearing, Flood notice 2027, Insure to value, Market value, Public adjuster, Inflation guard, Sewer backup, 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. For Illinois cancellation and nonrenewal rules, a "policy of fire and extended coverage insurance" covers residential real property up to:
A 4-family dwelling
Section 143.13(b) covers real property used principally for residential purposes up to and including a 4-family dwelling, plus household and personal property.
2. A homeowners policy has been in force 5 months. The insurer may cancel it midterm for each of the following EXCEPT:
The insured filed one covered wind claim
Section 143.21 limits cancellation of fire and extended coverage policies after 60 days to nonpayment, misrepresentation or fraud, and acts measurably increasing the risk.
3. During the first 60 days of a new Illinois homeowners policy, the insurer may cancel:
For almost any reason, with proper notice
The grounds limits of Section 143.21 apply only after the policy has been effective 60 days or is a renewal; the Department explains that insurers may cancel for almost any reason in the first 60 days.
4. An insurer may NOT nonrenew an Illinois homeowners (fire and extended coverage) policy because of:
The age of the property
Section 143.21a bars nonrenewal based on the age or location of the property or the age, sex, race, color, ancestry, marital status or occupation of occupants.
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.
