1. Exam Prep
  2. New Mexico
  3. Personal Lines
  4. Homeowners

Free Homeowners Practice Questions

New Mexico Personal Lines exam — 103 practice questions.

Subtopics: Coverage A, Coverage C, Coverage D, Replacement cost, Coinsurance math, Perils, Flood exclusion, Earth movement, Liability Coverage E, Medical payments, Renters policy, Special limits, Policy structure DICE, Declarations, Insuring agreement, Exclusions, Actual cash value, Coinsurance purpose, Coinsurance penalty math, Coinsurance no penalty, Deductible effect, Named perils, Open perils, Burden of proof, Subrogation, Salvage, Appraisal provision, Pro rata other insurance, Vacancy, Real vs personal property, Negligence, Elements of negligence, Compensatory damages, Punitive damages, Bodily injury, Property damage, Occurrence, Absolute liability, Vicarious liability, Comparative negligence, Liability limits, Binder, Endorsement, Stated value vs agreed value, Abandonment, Mortgagee clause, Assignment, Proximate cause, Attractive nuisance, Hold harmless agreement, Certificate of insurance, Valued policy, Blanket vs specific, Liability vs property insurance, Duties after loss, Concurrent causation, Conditions section, Definitions section, Pair or set clause, Inflation guard, Aggregate limit, Combined single limit, Sublimit, Self-insured retention, Primary vs excess coverage, Excess other insurance clause, Escape other insurance clause, Flat cancellation, Pro rata cancellation, Short-rate cancellation, Nonrenewal, Liberalization clause, No benefit to bailee, Loss payable clause, Sue and labor, Occurrence trigger, Retroactive date, Extended reporting period, Contributory negligence, Last clear chance, Res ipsa loquitur, Assumption of risk, Negligence per se, General vs special damages, Nominal damages, Direct vs consequential loss, Time element coverage, Catastrophe, Floater, Wear and tear exclusion, Inherent vice exclusion, Mysterious disappearance, Pollution exclusion, Earth movement exclusion, Personal injury offense, Duty to defend, Defense within limits, Statute of limitations, Pure premium, Exposure unit, Reasonable repairs, Actual cash value calculation

Sample questions & answers

1. Coverage A on a New Mexico homeowners policy applies to the:

Dwelling structure

Coverage A insures the dwelling structure itself against covered perils on a homeowners policy.

2. Coverage C on a New Mexico homeowners policy insures:

Personal property of the insured

Coverage C insures the insured's personal property (contents) against covered perils on or off the premises.

3. Coverage D (loss of use) on a New Mexico homeowners policy pays for:

Additional living expenses when the home is uninhabitable after a covered loss

Loss of use pays additional living expenses while the insured cannot live in the home due to a covered loss.

4. A New Mexico homeowners policy written on a replacement cost basis for the dwelling generally pays:

The cost to repair or replace without deduction for depreciation subject to policy terms

Replacement cost coverage pays to repair or replace the damaged dwelling without deducting depreciation, subject to policy conditions.

All Personal Lines topics

Practice: Homeowners

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 Insurance Department and the exam administrator before relying on it.