Free Homeowners Policy Concepts Practice Questions
North Dakota Property & Casualty exam — 80 practice questions.
Subtopics: HO-2 form, HO-5 form, Trees and shrubs, Credit card and forgery, Off-premises property, Inflation guard, Animal liability, Earth movement, 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. The HO-2 homeowners form provides coverage on:
A broad list of named perils for dwelling and contents
The HO-2 broad form insures both the dwelling and personal property against a broad list of named perils.
2. The HO-5 (comprehensive) homeowners form generally provides:
Open-peril coverage on dwelling and personal property
The HO-5 comprehensive form insures both the dwelling and personal property on an open-peril (all-risk) basis.
3. Under the ISO HO-3 (2011), trees, shrubs, plants, and lawns at the residence premises are covered:
Up to 5% of Coverage A for listed perils
The HO-3 additional coverage pays up to 5% of the dwelling limit for all trees, shrubs, plants, or lawns, and only for named perils such as fire, lightning, explosion, and vandalism (not windstorm).
4. Many homeowners policies include limited additional coverage for:
Credit card, forgery, and counterfeit money loss
Homeowners policies commonly provide a limited additional coverage for losses from credit card misuse and forgery.
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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.
