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  2. Pennsylvania
  3. Property & Allied Lines
  4. Homeowners Policy Concepts

Free Homeowners Policy Concepts Practice Questions

Pennsylvania Property & Allied Lines exam (series 16-04) — 64 practice questions.

Subtopics: Personal property replacement cost, PA special provisions, Policy structure, Replacement cost requirement, Eligibility, HO-3 special, HO-4 renters, HO-6 condo, HO-8 modified, Coverage C limit, Coverage B limit, Loss of use, Coverage E liability, Coverage F medical payments, Special limits, Standard mortgage clause, Vacant vs unoccupied, Open vs named perils, Loss assessment, Debris removal, Trees and shrubs, Ordinance or law, Appraisal condition, Business pursuits, Home day care, Personal injury, Watercraft endorsement, Fungi limitation, Permitted incidental occupancies, Identity fraud, Earthquake endorsement, Scheduled personal property, Water and sewer backup, HO-2 broad form, HO-5 comprehensive form, Coverage A dwelling, Section I vs Section II, Medical payments exclusions, Credit card and forgery coverage, Collapse additional coverage, Glass or safety glazing, Landlords furnishings, Fire department service charge, Reasonable repairs, Property removed coverage, Damage to property of others, Money special limit, Volcanic eruption, Firearms theft limit, Business property on-premises limit, Grave markers, Refrigerated food spoilage, Concealment or fraud condition, Intentional loss exclusion, Neglect exclusion, Power failure exclusion, Nuclear hazard exclusion, Motor vehicle liability exclusion, Aircraft liability exclusion, Severability of insurance, Loss payment condition, Our option to repair or replace

Read the Homeowners Policy Concepts study guide

Sample questions & answers

1. The Personal Property Replacement Cost - Pennsylvania endorsement (HO 23 63) changes loss settlement on personal property to:

Replacement cost without deduction for depreciation

This endorsement settles covered personal property losses at replacement cost rather than actual cash value.

2. The Special Provisions - Pennsylvania endorsement (HO 01 37) functions to:

Modify the homeowners policy to conform to Pennsylvania law

State special provisions endorsements amend standard policy language to comply with Pennsylvania statutes and rules.

3. In a homeowners policy, personal liability and medical payments to others are found in:

Section II

Section II of the homeowners policy provides personal liability and medical payments to others; Section I covers property.

4. To collect full replacement cost on the dwelling a homeowners insured generally must insure to at least:

80 percent of replacement value

Homeowners forms generally require insuring the dwelling to at least 80 percent of replacement cost for full replacement settlement.

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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.