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  2. Illinois
  3. Property & Casualty
  4. Homeowners Policy Concepts

Free Homeowners Policy Concepts Practice Questions

Illinois Property & Casualty exam — 28 practice questions.

Subtopics: Coverage forms, Property coverages, Liability coverages, 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, Coverage C percentage, Section II exclusions, Section I excluded perils

Read the Homeowners Policy Concepts study guide

Sample questions & answers

1. The HO-3 (Special Form) provides what type of coverage?

Open perils on the dwelling and named perils on personal property

The HO-3 insures the dwelling and other structures on an open-peril basis and personal property on a named-peril basis.

2. Which Homeowners form is designed for tenants who rent their residence?

HO-4

The HO-4 is the contents and liability form for renters; it provides no coverage on the building itself.

3. The HO-6 Homeowners form is designed for:

Condominium unit owners

The HO-6 is the unit-owners form for condominium and cooperative owners, covering personal property and limited building items.

4. Under an unendorsed HO-3, Coverage C (personal property) is typically provided at what percentage of Coverage A?

50%

Coverage C is normally set at 50% of the Coverage A dwelling limit, and can be increased by endorsement.

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Practice: Homeowners Policy Concepts

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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 Pennsylvania Insurance Department and the exam administrator before relying on it.