Free Homeowners Policy Concepts Practice Questions
Delaware Property exam — 160 practice questions.
Subtopics: Unoccupied dwellings, Scope, Declination defined, Reasons for declination, Cancellation notice, Nonpayment cancellation, Nonrenewal notice, Notice method, Failure to give notice, Permissible cancellation, Delinquent taxes, Prohibited declinations, Location-based declinations, Enforcement, Penalties, Nonrenewal for claims, Claims closed without payment, Inquiries, Wind and hurricane deductibles, Deductible notice timing, Statute of limitations notice, Homeowners disclosures, Flood disclosure, Deductible disclosure, Nonrenewal practices disclosure, Homeowners arbitration, Arbitration exemption, 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 Delaware law, a homeowners or fire policy may not exclude a regularly maintained, furnished dwelling with utilities in use as "unoccupied" unless it has been unoccupied for more than:
60 consecutive days
Such a dwelling may not be excluded as unoccupied unless it remains unoccupied beyond 60 consecutive days, and insurers must tell insureds about this exception.
2. Delaware's property declination, cancellation, and nonrenewal law applies to a policy covering real property with no more than how many residential units, one of which is the named insured's home?
4 units
The subchapter covers real property of not more than 4 residential units, one of which is the named insured's principal residence, plus household personal property.
3. Under Delaware's property law, which of the following counts as a "declination"?
Offering coverage on different terms than requested
Refusing to issue on a written request, or offering coverage with a different group company or on different terms than requested, is a declination.
4. A Delaware applicant whose homeowners application is declined may request a written explanation of the reasons within 90 days, and must receive it within:
21 days of the request
The insurer, agent, or broker must provide the specific reasons, or provide them within 21 days of a timely written request made within 90 days of the declination notice.
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.
