Free Homeowners Policy Concepts Practice Questions
Missouri Property & Casualty exam — 98 practice questions.
Subtopics: Coverage B, Additional living expense, Open-peril dwelling, Other insurance condition, Duties after loss, Intentional acts, Med pay scope, Inflation guard, Homeowners cancellation scope, Cancellation new business, Cancellation grounds, Cancellation notice, Nonpayment cancellation, Cancellation reasons, Cancellation notice content, Nonrenewal notice, Nonrenewal exceptions, Affiliate transfers, Proof of notice, Reinstatement after notice, Multiyear policies, Notice immunity, Notice delivery, Residence and occupation, 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. Coverage B in a homeowners policy insures:
Other structures set apart by clear space
Coverage B insures other structures on the residence premises set apart from the dwelling by clear space, such as a detached garage.
2. Additional living expense coverage is triggered when:
A covered loss makes the home unfit to live in
Additional living expense pays increased living costs when a covered Section I loss makes the residence premises not fit to live in.
3. The perils insured against for an HO-3 dwelling are written on a(n):
Open-peril (special) basis
The HO-3 insures the dwelling and other structures against direct physical loss unless excluded, an open-peril basis; personal property is named-peril.
4. The other insurance condition in a homeowners policy addresses:
How a loss is shared when other insurance also applies
The HO-3 other insurance condition pays only the proportion of the loss that the limit bears to the total insurance covering it.
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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.
