PROPERTY AND CASUALTY FINAL STUDY
PAPER 2026 QUESTIONS WITH ANSWERS
GRADED A+
●● While the general rule for Homeowners is that the homeowner must
own and live in (occupy) the dwelling, the exception to the rule is the
___, which is for renters/tenants. Answer: HO-4
●● The ____ is for condominium owners. Answer: HO-6
●● The HO-4 has no Property coverage on the building because the
renter has no ____ in the building. Answer: Insurable interest
●● Of the seven Homeowners forms, five are designed to cover both the
building and the ____. Answer: Contents/Personal Property.
●● The remaining two forms, the HO-4 (Tenants) and the HO-6
(Condominium Unit Owners) provide little or no ____ coverage.
Answer: Building or Dwelling
●● To qualify for a Homeowners policy the dwelling must be used
principally as a residence, although certain ___ businesses are allowed,
such as a small dance studio, professional office, private school or day
care center. Answer: Low risk
, ●● The Homeowners policy owner is referred to as the ____. Answer:
Named Insured
●● The policy owner's spouse automatically has the rights of a Named
Insured if he/she lives at the ____. Answer: Same address
●● The dwelling that you live in, and any other structures as well as the
land that goes with it, is referred to as your _____. Answer: Residence
Premises
●● A much broader definition of covered locations where you have
premises type liability coverage is called an____, which would include
locations such as a newly acquired premises, cemetery plots and a
premises that you occasionally rent for non-business purposes. Answer:
Insured Location
●● Homeowners Coverage A covers your ____. Answer: Dwelling
●● Homeowners Coverage B covers ____ such as a detached garage,
storage shed, fence or swimming pool. Answer: Other Structures
●● Homeowners Coverage C covers your stuff, which is called _____.
Answer: Personal Property
PAPER 2026 QUESTIONS WITH ANSWERS
GRADED A+
●● While the general rule for Homeowners is that the homeowner must
own and live in (occupy) the dwelling, the exception to the rule is the
___, which is for renters/tenants. Answer: HO-4
●● The ____ is for condominium owners. Answer: HO-6
●● The HO-4 has no Property coverage on the building because the
renter has no ____ in the building. Answer: Insurable interest
●● Of the seven Homeowners forms, five are designed to cover both the
building and the ____. Answer: Contents/Personal Property.
●● The remaining two forms, the HO-4 (Tenants) and the HO-6
(Condominium Unit Owners) provide little or no ____ coverage.
Answer: Building or Dwelling
●● To qualify for a Homeowners policy the dwelling must be used
principally as a residence, although certain ___ businesses are allowed,
such as a small dance studio, professional office, private school or day
care center. Answer: Low risk
, ●● The Homeowners policy owner is referred to as the ____. Answer:
Named Insured
●● The policy owner's spouse automatically has the rights of a Named
Insured if he/she lives at the ____. Answer: Same address
●● The dwelling that you live in, and any other structures as well as the
land that goes with it, is referred to as your _____. Answer: Residence
Premises
●● A much broader definition of covered locations where you have
premises type liability coverage is called an____, which would include
locations such as a newly acquired premises, cemetery plots and a
premises that you occasionally rent for non-business purposes. Answer:
Insured Location
●● Homeowners Coverage A covers your ____. Answer: Dwelling
●● Homeowners Coverage B covers ____ such as a detached garage,
storage shed, fence or swimming pool. Answer: Other Structures
●● Homeowners Coverage C covers your stuff, which is called _____.
Answer: Personal Property
