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

Free Homeowners Policy Concepts Practice Questions

South Dakota Property & Casualty exam — 36 practice questions.

Subtopics: Sections of the policy, Broad form, Comprehensive form, Older home form, Ordinance or law, Loss assessment, Debris removal, Trees and shrubs, 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. In a homeowners policy, Section I provides the property coverages while Section II provides:

Personal liability and medical payments coverages

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

2. The HO-2 (broad form) homeowners policy insures both the dwelling and personal property on a:

Named-peril (broad) basis

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

3. The HO-5 (comprehensive) homeowners form is distinguished by insuring both the dwelling and personal property on a(n):

Open-peril (all-risk) basis, subject to exclusions

The HO-5 comprehensive form covers both the dwelling and personal property on an open-peril basis, subject to exclusions.

4. The HO-8 homeowners form is intended for older homes and commonly settles dwelling losses on a:

Modified or functional replacement (often actual cash value) basis

The HO-8 form is designed for older homes and often settles losses on a modified or functional basis rather than full replacement cost.

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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.