RI PROPERTY AND CASUALTY
FINAL STUDY GUIDE 2026 EXAM
QUESTIONS WITH DETAILED ANSWERS
HO-1 - ANSWER-basic homeowner policy. covers home structure, property, structures on land.
covers:
-fire/lightening
-windstorm/hail
-vandalism
-vehicles/aircraft
-explosions/riots
-glass breakage
-smoke
-volcanic eruption
-personal liability
HO-A - ANSWER-basic form. covers home structure, property, structures on land. Replaces at
current value, not the original price.
covers:
-fire/lightening
-windstorm/hail
-vandalism
-vehicles/aircraft
-explosions/riots
-glass breakage
-smoke
-volcanic eruption
-personal liability
HO-2 - ANSWER-broad form. covers all the HO-1 does plus:
,-falling objects
-weight of ice/snow/sleet
-accidental water overflow
-sudden and accidental tearing apart, cracking, burning and bulging
-freezing
-sudden and accidental damage by an artificially generated electrical current
-mechanical breakdown (heater, AC, water heater)
water damage related to foundation, water back up, slow leaks, flooding, earthquake,
kitchen/laundry appliances, TV/computers NOT covered
HO-3 - ANSWER-special form. open peril coverage. covers all perils except:
-earth movement
-ordinance/law
-water damage
-power failure
-neglect
-war/nuclear hazard
-intentional loss
-government hazard
-collapse
-theft to dwelling while under construction
-vandalism
-mold/fungus/wet rot
-smog/rust/corrosion
-smoke from agriculture/industrial
-discharge of pollutants
-setteling/shrinking/bulging/expanding
-birds/vermin/rodents/insects
,-homeowner's animals
floods/earthquakes NOT included
HO-4 - ANSWER-tenant's form. Covers belongings/personal liability. Covered from sillier perils
as HO-2.
HO-5 - ANSWER-comprehensive form. open peril for the dwelling, other structures, and
personal property. Similar to HO-3.
HO-6 - ANSWER-condo form. broad form. covers belongings, personal liability, limited
dwelling coverage (walls, ceilings, floors). similar coverage to HO-2
HO-8 - ANSWER-older home form. basic coverage for dwelling/personal property.extended
peril coverage. similar to HO-1
DP-1 - ANSWER-basic form. has provisions to provide coverage to the dwelling, other
structures, personal property, and fair rental value. similar to HO-1.
DP-2 - ANSWER-broad form. similar to HO-2.
DP-3 - ANSWER-special form. open peril policy. similar to HO-3.
Commercial Package Policy (CPP) - ANSWER-combines coverage for multiple perils. can
provide almost any type of commercial insurance a business may need. policy is easier to
understand. bundling may be less expensive.
Building and Personal Property Coverage Form - ANSWER-used to cover buildings, the
insured's business personal property, and personal property of others on the business premises.
starts on the date of construction
includes:
-completed additions
-indoor/outdoor fixtures
-machinery/equipment
-outdoor furniture/floor coverings/appliances
-raw materials/goods
excludes:
-money/accounts/food stamps/securities/notes
-animals
-autos for sale
, -bridges/roadways/walks/patios
-machinery below basement/ground level
-plants/trees/shrubs
-bulkheads/pilings/piers/docks
-underground pipes/drains
Causes of Loss Forms - ANSWER-defines the causes of loss (perils) that are covered.
basic:
-fire/lightening
-explosion
-windstorm/hail
-smoke
-aircraft/vehicles
-riot
-vandalism
-sprinkler leakage
-sinkhole collapse
-volcanic eruption
broad:
-everything covered in basic
-falling objects
-weight of ice/snow/sleet
-water damage
special form excludes:
-wear and tear
-rust/corrosion
FINAL STUDY GUIDE 2026 EXAM
QUESTIONS WITH DETAILED ANSWERS
HO-1 - ANSWER-basic homeowner policy. covers home structure, property, structures on land.
covers:
-fire/lightening
-windstorm/hail
-vandalism
-vehicles/aircraft
-explosions/riots
-glass breakage
-smoke
-volcanic eruption
-personal liability
HO-A - ANSWER-basic form. covers home structure, property, structures on land. Replaces at
current value, not the original price.
covers:
-fire/lightening
-windstorm/hail
-vandalism
-vehicles/aircraft
-explosions/riots
-glass breakage
-smoke
-volcanic eruption
-personal liability
HO-2 - ANSWER-broad form. covers all the HO-1 does plus:
,-falling objects
-weight of ice/snow/sleet
-accidental water overflow
-sudden and accidental tearing apart, cracking, burning and bulging
-freezing
-sudden and accidental damage by an artificially generated electrical current
-mechanical breakdown (heater, AC, water heater)
water damage related to foundation, water back up, slow leaks, flooding, earthquake,
kitchen/laundry appliances, TV/computers NOT covered
HO-3 - ANSWER-special form. open peril coverage. covers all perils except:
-earth movement
-ordinance/law
-water damage
-power failure
-neglect
-war/nuclear hazard
-intentional loss
-government hazard
-collapse
-theft to dwelling while under construction
-vandalism
-mold/fungus/wet rot
-smog/rust/corrosion
-smoke from agriculture/industrial
-discharge of pollutants
-setteling/shrinking/bulging/expanding
-birds/vermin/rodents/insects
,-homeowner's animals
floods/earthquakes NOT included
HO-4 - ANSWER-tenant's form. Covers belongings/personal liability. Covered from sillier perils
as HO-2.
HO-5 - ANSWER-comprehensive form. open peril for the dwelling, other structures, and
personal property. Similar to HO-3.
HO-6 - ANSWER-condo form. broad form. covers belongings, personal liability, limited
dwelling coverage (walls, ceilings, floors). similar coverage to HO-2
HO-8 - ANSWER-older home form. basic coverage for dwelling/personal property.extended
peril coverage. similar to HO-1
DP-1 - ANSWER-basic form. has provisions to provide coverage to the dwelling, other
structures, personal property, and fair rental value. similar to HO-1.
DP-2 - ANSWER-broad form. similar to HO-2.
DP-3 - ANSWER-special form. open peril policy. similar to HO-3.
Commercial Package Policy (CPP) - ANSWER-combines coverage for multiple perils. can
provide almost any type of commercial insurance a business may need. policy is easier to
understand. bundling may be less expensive.
Building and Personal Property Coverage Form - ANSWER-used to cover buildings, the
insured's business personal property, and personal property of others on the business premises.
starts on the date of construction
includes:
-completed additions
-indoor/outdoor fixtures
-machinery/equipment
-outdoor furniture/floor coverings/appliances
-raw materials/goods
excludes:
-money/accounts/food stamps/securities/notes
-animals
-autos for sale
, -bridges/roadways/walks/patios
-machinery below basement/ground level
-plants/trees/shrubs
-bulkheads/pilings/piers/docks
-underground pipes/drains
Causes of Loss Forms - ANSWER-defines the causes of loss (perils) that are covered.
basic:
-fire/lightening
-explosion
-windstorm/hail
-smoke
-aircraft/vehicles
-riot
-vandalism
-sprinkler leakage
-sinkhole collapse
-volcanic eruption
broad:
-everything covered in basic
-falling objects
-weight of ice/snow/sleet
-water damage
special form excludes:
-wear and tear
-rust/corrosion
