Free Homeowners Policy Concepts Practice Questions
Maryland Property exam (series 20-31) — 170 practice questions.
Subtopics: 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, Special limits, Other structures limit, Off-premises property, Ordinance or law, Coverage A, Coverage B, Coverage C, Coverage D, Coverage E, Coverage F, HO-3 form, Replacement cost, Coinsurance 80% rule, Excluded perils, 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, Standard mortgage clause, Vacant vs unoccupied, Open vs named perils, Loss assessment, Debris removal, Trees and shrubs, 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, 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. A Maryland homeowners insurer must, at application and at each renewal, offer in writing coverage for loss caused by:
Water that backs up through sewers or drains
Insurers must offer in writing, at application and renewal, coverage for loss caused by water that backs up through sewers or drains and is not caused by the insured's negligence.
2. When a Maryland insurer makes the required offer of sewer and drain backup coverage, it must offer limits equal to:
The policy's dwelling, other structures, contents, and loss-of-use limits
The required offer must include limits equal to the dwelling, other structure, personal property, and loss-of-use limits; lower limits or a combined limit may be offered in addition.
3. When a Maryland homeowners policy is first purchased, the insurer must give the applicant a written notice that:
A standard homeowners policy does not cover flood losses
An insurer selling homeowners insurance must give the applicant, at initial purchase, written notice that a standard homeowners policy does not cover losses from flood.
4. A Maryland homeowners or dwelling policy that covers additional living expenses may NOT limit that coverage to a period of less than:
12 months
A homeowners, fire, farmowners, or dwelling policy covering additional living expenses may not limit that coverage to less than 12 months; such a clause is void.
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.
