Free Homeowners Policy Concepts Practice Questions
North Carolina Property exam — 156 practice questions.
Subtopics: NC Coverage D limit, NC Coverage B limit, NC Coverage C limit, Insurance to value, Land value, Homeowners required?, Sections I and II, Coverage D extra expense, Coverage F exclusions, Tree removal, Replacement cost claim window, Roof matching, Neighbor tree, Car under tree, Percentage deductible, Named storm defined, Named storm period, Wind policy claims, Refrigerated property, Water backup, Inflation guard, Guaranteed replacement cost, Watercraft endorsement, Renters loss of use, Renters landlord coverage, 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, 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, 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, Identity fraud expense
Read the Homeowners Policy Concepts study guide
Sample questions & answers
1. Under North Carolina homeowners policies, Coverage D (Loss of Use) is normally limited to what percentage of Coverage A?
20%
NCDOI explains that in North Carolina Coverage D is normally limited to 20 percent of Coverage A.
2. In a North Carolina homeowners policy, Coverage B (Other Structures) is normally limited to:
10% of Coverage A
NCDOI states Coverage B is normally limited to 10 percent of the Coverage A limit, with more available for added premium.
3. When a North Carolina homeowners policy also covers the dwelling, Coverage C (Personal Property) is normally set at:
50% of Coverage A
NCDOI states Coverage C is normally 50 percent of Coverage A when the dwelling is also covered.
4. To avoid a reduced payment on a partial dwelling loss, NCDOI advises that a homeowner carry Coverage A equal to at least what percentage of the dwelling's full replacement cost?
80%
NCDOI explains that failing to insure for at least 80% of replacement cost may keep the insurer from paying the full cost to rebuild.
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.
