Cheat Sheet - Property & Casualty Exam
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(Latest Update 2026) UPDATE
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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)
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
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)
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
