Free Homeowners Policy Concepts Practice Questions
Nebraska Property & Casualty exam (series 13-04) — 81 practice questions.
Subtopics: Cancellation after 60 days, HO-2 form, HO-5 form, Contents replacement cost, Damage to property of others, Watercraft liability, Form comparison, Special limits, Loss of use duration, 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, 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 Nebraska homeowners policy has been in force for more than 60 days. The insurer may cancel it midterm only for reasons such as:
Nonpayment of premium or material misrepresentation
Section 44-522(3) limits cancellation of property and liability policies in effect more than 60 days to listed reasons, including nonpayment of premium and material misrepresentation.
2. The homeowners form covering both the dwelling and contents on a named-peril (broad) basis is the:
HO-2
The HO-2 broad form covers both the dwelling and personal property on a named-peril basis.
3. The homeowners form providing open-peril coverage on both the dwelling and personal property is the:
HO-5
The HO-5 comprehensive form provides open-peril coverage on both the dwelling and personal property.
4. An endorsement that pays to replace damaged personal property without deducting depreciation is:
Personal property replacement cost
The personal property replacement cost endorsement pays to replace contents without a depreciation deduction.
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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.
