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

Free Homeowners Policy Concepts Practice Questions

Montana Property & Casualty exam — 36 practice questions.

Subtopics: Broad form, Comprehensive form, Condo form, Older home form, Off-premises property, Special limits, Additional living expense, Theft peril, 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-2 homeowners form covers the dwelling and personal property on a:

named-peril (broad) basis

The HO-2 broad form covers the dwelling and personal property on a named-peril basis.

2. The HO-5 comprehensive form is distinctive because it covers both the dwelling and personal property on a(n):

open-peril (special) basis

The HO-5 covers both the dwelling and personal property on an open-peril basis.

3. Which homeowners form is intended for a condominium unit owner?

HO-6

The HO-6 form is intended for condominium unit owners.

4. The HO-8 form is designed for older homes and typically pays dwelling losses on a:

modified or actual cash value basis rather than full replacement cost

The HO-8 pays dwelling losses on a modified or actual cash value basis suited to older homes.

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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.