Free Homeowners Policy Concepts Practice Questions
Montana Property & Casualty exam — 89 practice questions.
Subtopics: Broad form, Comprehensive form, Condo form, Older home form, Property at other residences, Special limits, Additional living expense, Theft peril, Home cancellation notice, Home nonpayment notice, Home notice content, Home day care, Homeowner claims history, Age of home, Geographic location, Preventive measures, Personal lines inquiries, 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, 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 homeowners form covers the dwelling and personal property on a:
named-peril (broad) basis
The HO-2 broad form covers the dwelling and personal property on a named-peril basis.
2. The HO-5 comprehensive form is distinctive because it covers both the dwelling and personal property on a(n):
open-peril (special) basis
The HO-5 covers both the dwelling and personal property on an open-peril basis.
3. Which homeowners form is intended for a condominium unit owner?
HO-6
The HO-6 form is intended for condominium unit owners.
4. The HO-8 form is designed for older homes and typically pays dwelling losses on a:
actual cash value or modified basis
The HO-8 pays dwelling losses on a modified or actual cash value basis suited to older homes.
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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.
