Free Homeowners Policy Concepts Practice Questions
Maryland Property & Casualty exam (series 20-32) — 105 practice questions.
Subtopics: HO-2 broad form, HO-5 comprehensive, HO-8 modified, Special limits, Other structures limit, Off-premises property, Ordinance or law, Inflation guard, Sewer backup offer, Sewer backup limits, Flood notice, Additional living expense period, Replacement cost holdback, Intent to repair notice, Hurricane deductible trigger, Hurricane deductible filing, Percentage deductible statement, Storm mitigation discount, Weather claims, Claims older than 3 years, Credit history (homeowners), Coverage inquiries, Bundling, Homeowners midterm cancellation, Residual market notice, Renewal premium notice (home), Annual coverage summary, Dog breed exclusions, Optional coverage list, Family child care liability, Homeowners medical payments, Anti-concurrent causation notice, Homeowners definition, 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, 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, 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. The HO-2 (broad form) homeowners policy insures the dwelling and contents on:
A named-peril basis with a broad list of perils
HO-2 is a named-peril (broad form) policy covering the dwelling and personal property against an expanded list of specified perils.
2. The HO-5 (comprehensive form) differs from HO-3 mainly by insuring personal property on:
An open-peril basis
HO-5 provides open-peril coverage on both the dwelling and personal property, broader than HO-3 (which is named-peril on contents).
3. The HO-8 (modified) form is intended for:
Older homes where replacement cost far exceeds market value
HO-8 is designed for older homes, often settling losses on a modified/functional or actual cash value basis rather than full replacement cost.
4. Homeowners policies commonly place special dollar sublimits on:
Cash, jewelry, firearms, and similar property
Special limits cap recovery on certain easily stolen or high-value categories like money, jewelry, watches, and firearms unless scheduled.
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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.
