3/7/26, 9:47 AM Cheat Sheet - Property & Casualty Exam Questions and answers with verified Answers (Latest Update 2026) UPDATE Flashcards | …
Cheat Sheet - Property & Casualty Exam
Questions and answers with verified Answers
(Latest Update 2026) UPDATE
Save
Terms in this set (57)
What are the forms of homeowner HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of
policies? these forms provides identical liability coverage.
The property coverage varies with the
homeowners form selected. The following is a list
of the forms with the covered perils of each.
HO-2 Broad form; owner occupant
HO-3 Special Form; owner occupant
HO-4 Tenants or Renters
HO-5 Comprehensive Form; owner-occupant (open to all
except exclusions)
HO-6 Condominium Owners
HO-8 Modified Form for Special Risks (such as older
homes that would cost more to rebuild than they're
worth)
https://quizlet.com/1152869083/cheat-sheet-property-casualty-exam-questions-and-answers-with-verified-answers-latest-update-2026-update-flash-c… 1/11
, 3/7/26, 9:47 AM Cheat Sheet - Property & Casualty Exam Questions and answers with verified Answers (Latest Update 2026) UPDATE Flashcards | …
Dwelling Basic Form DP-1
DP-1 Dwelling basic form that provides certain other
coverages that are automatically included for not
additional premium.
-Other structures allows use of up to 10% of the
Coverage A limit of liability for covered losses to
other structures as described in coverage B.
-Debris removal pays for the expense of removing
debris as the result of a loss covered by the policy.
-Reasonable repairs pays for reasonable costs to
make necessary repairs to protect property from
further damage following a covered loss.
-Improvements, alterations, and additions provide
coverage for insureds who are tenants for
improvements or alterations made to the dwelling
at the tenant's expense
-Fire department service charge - pays up to $500
for fire department charges incurred when they're
called to save or protect property.
-Worldwide coverage provides 10% of coverage C
(personal property on premisis)
-Rental value - provides up to 20% of Coverage A
(dwelling) limit of liability for loss of fair rental
value.
Dwelling Broad Form DP-2
https://quizlet.com/1152869083/cheat-sheet-property-casualty-exam-questions-and-answers-with-verified-answers-latest-update-2026-update-flash-c… 2/11
Cheat Sheet - Property & Casualty Exam
Questions and answers with verified Answers
(Latest Update 2026) UPDATE
Save
Terms in this set (57)
What are the forms of homeowner HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of
policies? these forms provides identical liability coverage.
The property coverage varies with the
homeowners form selected. The following is a list
of the forms with the covered perils of each.
HO-2 Broad form; owner occupant
HO-3 Special Form; owner occupant
HO-4 Tenants or Renters
HO-5 Comprehensive Form; owner-occupant (open to all
except exclusions)
HO-6 Condominium Owners
HO-8 Modified Form for Special Risks (such as older
homes that would cost more to rebuild than they're
worth)
https://quizlet.com/1152869083/cheat-sheet-property-casualty-exam-questions-and-answers-with-verified-answers-latest-update-2026-update-flash-c… 1/11
, 3/7/26, 9:47 AM Cheat Sheet - Property & Casualty Exam Questions and answers with verified Answers (Latest Update 2026) UPDATE Flashcards | …
Dwelling Basic Form DP-1
DP-1 Dwelling basic form that provides certain other
coverages that are automatically included for not
additional premium.
-Other structures allows use of up to 10% of the
Coverage A limit of liability for covered losses to
other structures as described in coverage B.
-Debris removal pays for the expense of removing
debris as the result of a loss covered by the policy.
-Reasonable repairs pays for reasonable costs to
make necessary repairs to protect property from
further damage following a covered loss.
-Improvements, alterations, and additions provide
coverage for insureds who are tenants for
improvements or alterations made to the dwelling
at the tenant's expense
-Fire department service charge - pays up to $500
for fire department charges incurred when they're
called to save or protect property.
-Worldwide coverage provides 10% of coverage C
(personal property on premisis)
-Rental value - provides up to 20% of Coverage A
(dwelling) limit of liability for loss of fair rental
value.
Dwelling Broad Form DP-2
https://quizlet.com/1152869083/cheat-sheet-property-casualty-exam-questions-and-answers-with-verified-answers-latest-update-2026-update-flash-c… 2/11
