Free Homeowners Policy Concepts Practice Questions
Rhode Island Property & Casualty exam — 113 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, Hurricane deductible maximum, Hurricane deductible example, Flat hurricane deductible, Windstorm deductible, Hurricane deductible trigger, Block Island trigger, Hurricane deductible once per year, Hurricane deductible examples, Mitigation waives deductible, Mitigation nonrenewal, Small claim protection, Small claim exception, Catastrophe claim, Prior owner claims, Hurricane mediation, Hurricane deductible change notice, Surplus lines exempt, Nonrenewal plan, Flood notice, Flood notice timing, Flood notice content, Fire policy vacancy, Fire policy insurer cancellation, Fire policy proof of loss, Fire policy suit limitation, Fire policy mortgagee cancellation, Fire policy loss payable, Vandalism vacancy, Earthquake offer, Fire binder length, Lender must accept binder, Policy after binder at closing, Fire policy head statement, 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:
Named perils on 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 perils on dwelling and contents
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 5% of Coverage A, named perils
The HO-3 additional coverage for trees, shrubs and plants pays up to 5% of the dwelling limit (no more than $500 per tree) for listed perils only.
4. Many homeowners policies include limited additional coverage for:
Unauthorized credit card use
The HO-3 includes an additional coverage for credit card, electronic fund transfer card, forgery and counterfeit money losses.
All Property & Casualty topics
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.
