Free Homeowners Policy Concepts Practice Questions
Washington Property exam — 135 practice questions.
Subtopics: Fire policy cancellation, Homeowners and day care, 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, Watercraft endorsement, 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, Tree removal, 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, Water backup, Identity fraud expense
Read the Homeowners Policy Concepts study guide
Sample questions & answers
1. Under chapter 48.53 RCW (fire insurance in arson-risk situations), when the statutory conditions are met an insurer may cancel a fire policy on notice to the insured of not less than:
5 days
RCW 48.53.040 and RCW 48.18.290(1)(d) allow cancellation of a fire policy under chapter 48.53 with at least five days' notice, sent by certified and first-class mail, with a copy to the commissioner.
2. When a fire policy is cancelled under chapter 48.53 RCW, each mortgagee shown in the policy must receive notice of at least:
20 days
RCW 48.53.040(3) requires not less than twenty days' notice of cancellation to each mortgagee, pledgee, or other person shown to have an interest in a loss.
3. A Washington homeowner begins operating a licensed day care in the home. The insurer may NOT:
Cancel or nonrenew the policy principally because of the day care
WAC 284-30-700 makes it unfair to deny or terminate homeowners insurance for the principal reason that the insured operates a licensed day care, while allowing exclusion of day care business pursuits.
4. Under WAC 284-30-700, a Washington homeowners insurer may still:
Exclude or limit losses arising from day care business pursuits
The rule does not prevent excluding or limiting coverage for business pursuits of an insured, specifically including those related to day care.
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.
