Free Homeowners Policy Concepts Practice Questions
Oregon Property & Casualty exam (series 12-04) — 100 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, Homeowner cancellation reasons, Homeowner cancellation notice, Homeowner nonrenewal, New policy period, Claim in first 60 days, Prior claims, First claim rule, Coverage inquiries, Child care coverage, Home day care exposure, Time to rebuild, Disaster rebuild time, Disaster ALE, Combining limits, Contents without inventory, Wildfire map, Wildfire notice, Defensible space, Wildfire rating disclosure, 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 both the dwelling and personal property
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 both the dwelling and personal property
The HO-5 comprehensive form insures both the dwelling and personal property on an open-peril (all-risk) basis.
3. A homeowners policy typically provides limited additional coverage for trees, shrubs, and plants:
Up to a stated percentage of the dwelling limit and only for certain perils
Coverage for trees, shrubs, and plants is limited to a percentage of Coverage A and applies only to specified perils.
4. Many homeowners policies include limited additional coverage for:
Loss from unauthorized use of credit cards and forgery
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.
