Free Homeowners Policy Concepts Practice Questions
Virginia Property & Casualty exam (series 11-03) — 82 practice questions.
Subtopics: HO structure, Coverage A, Coverage C, Coverage D, Flood exclusion, Section II liability, HO medical payments, Open perils, Sewer backup offer, Diminution in value, 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. A homeowners policy is divided into:
Section I property and Section II liability
Homeowners forms combine Section I property coverages and Section II liability coverages.
2. Under a homeowners policy, Coverage A insures:
The dwelling
Coverage A insures the dwelling on the residence premises and attached structures.
3. Under a homeowners policy, Coverage C insures:
Personal property
Coverage C covers personal property owned or used by an insured.
4. Coverage D (loss of use) in a homeowners policy pays for:
Added living costs when a covered loss makes the home unfit
Coverage D pays additional living expense or fair rental value when a covered loss makes the residence premises not fit to live in.
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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.
