Free Homeowners Policy Concepts Practice Questions
Missouri Property exam — 149 practice questions.
Subtopics: 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, 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. Missouri's homeowners cancellation and nonrenewal statutes (RSMo 375.001 to 375.008) apply to fire and extended coverage policies on:
Owner-occupied dwellings of not more than two families
RSMo 375.001 defines policy as fire and extended coverage on owner-occupied habitational property not exceeding two families, excluding FAIR plan, assigned risk and mobile home contracts.
2. Which policy is excluded from Missouri's homeowners cancellation and nonrenewal protections in RSMo 375.001 to 375.008?
A policy insuring a mobile home
The definition of policy in RSMo 375.001 excludes FAIR plan contracts, assigned risk plans, non-habitational property and mobile homes.
3. Missouri's restrictions on the grounds for canceling a homeowners policy do not apply if the policy has been in effect for less than how many days (unless it is a renewal)?
60 days
RSMo 375.002.2 makes the grounds for cancellation inapplicable to a policy in effect less than sixty days when the notice is mailed, unless it is a renewal.
4. After a Missouri homeowners policy has been in force more than 60 days, which is a permitted reason for the insurer to cancel it midterm?
Physical changes in the property that increase the hazard
RSMo 375.002.1 permits cancellation only for nonpayment, fraud or material misrepresentation or policy violations, conviction of a crime increasing the hazard, or physical changes increasing the hazard.
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.
