1. Exam Prep
  2. Oregon
  3. Property & Casualty
  4. Homeowners Policy Concepts

Free Homeowners Policy Concepts Practice Questions

Oregon Property & Casualty exam — 36 practice questions.

Subtopics: HO-2 form, HO-5 form, Trees and shrubs, Credit card and forgery, Off-premises property, Inflation guard, Animal liability, Earth movement, 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 provides coverage on:

A broad list of named perils for both the dwelling and personal property

The HO-2 broad form insures both the dwelling and personal property against a broad list of named perils.

2. The HO-5 (comprehensive) homeowners form generally provides:

Open-peril coverage on both the dwelling and personal property

The HO-5 comprehensive form insures both the dwelling and personal property on an open-peril (all-risk) basis.

3. A homeowners policy typically provides limited additional coverage for trees, shrubs, and plants:

Up to a stated percentage of the dwelling limit and only for certain perils

Coverage for trees, shrubs, and plants is limited to a percentage of Coverage A and applies only to specified perils.

4. Many homeowners policies include limited additional coverage for:

Loss from unauthorized use of credit cards and forgery

Homeowners policies commonly provide a limited additional coverage for losses from credit card misuse and forgery.

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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 Insurance Department and the exam administrator before relying on it.