OK Adjuster Exam Questions and Answers 100% Correct(SCORED A+)

HO-2 - ANSWER-(Broad Form) Provides broad coverage for the dwelling and personal property. HO-3 - ANSWER-(Special Form) Provides open peril coverage for loss to the dwelling and other structures, and broad coverage for personal property. HO-4 - ANSWER-(Contents Broad Form) Insures tenants. Provides broad coverage for personal property and no coverage for dwelling. HO-5 - ANSWER-(Comprehensive Form) Provides open peril coverage for both the dwelling and other steuctures and personal property. HO-6 - ANSWER-(Unit-Owners Form) Provides broad coverage on the personal property of condominium owners. It provides very limited dwelling coverage. HO-8 - ANSWER-(Modified Coverage Form) Designed for older homes with replacement value that may far exceed their market values. It provides basic coverage on the dwelling and personal property, but also includes certain restrictions on valuation of losses. Section I Endorsements - ANSWER-Scheduled Personal Property, Personal Property Replacement Cost, Permitted Incidental Occupancies, and Home Day Care Coverage. Scheduled Personal Property Endorsement - ANSWER-Provides a separate schedule of insurance for one or more of nine major categories of valuable property. P