Homeowners Insurance Practice Exam: Questions &
Answers: A+ Guide Solution
All of the following are covered under coverage A of a homeowners policy EXCEPT:
A. Attached garage
B. Construction materials used in building an addition to the dwelling
C. Detached Garage
D. A central air-conditioning system - ANSWERC. Detached Garage
The HO-3 provides ___________ coverage on contents - ANSWERBroad Form
The homeowners program provides coverage for all of the following except:
A. Yard furniture
B. Growing crops and lawns for business purposes
C. Central air-conditioning systems
D. Personal property used for business purposes - ANSWERB. Growing crops and
lawns for business purposes
All the following watercraft would be excluded under section 2 of the HO program
except:
A. Outboard with 50 horsepower
B. 30 ft sailboat owned by the insured
C. Inboard/ outboard with 75 horsepower
D. 15 ft outboard boat with a 25 horsepower motor - ANSWERD. 15 ft outboard boat
with a 25 horsepower motor
An apartment dweller would be in the market for a: - ANSWERHO-4
In section 1 of the HO policy, all of the following coverage's are included EXCEPT:
A. A detached garage struck by lightning
B. Personal property coverage
C. Doctor's bills incurred by a guest who fell down the insureds steps.
D. Coverage for loss of use - ANSWERC. Doctor's bills incurred by a guest who fell
down the insureds steps.
Coverage F of the homeowners program applies to: - ANSWERsocial invitees
Coverage E of the homeowners program involves all of the following EXCEPT:
A. Premises liability
B. Personal Activities
C. acts of residence employees
D. personal injury - ANSWERD. personal injury
The HO-2 Broad form covers collapse. Collapse would include all of the following
except
A. weight of the contents
, B. aircraft
C. hidden termites
D. settling - ANSWERD. Settling
Coverage D- loss of use provides ___% of Coverage A under the HO-2 - ANSWER30%
The difference between the HO-3 and HO-5 is found in - ANSWERPersonal Property
Under coverage C of the homeowners policy, all of the following categories of
property receive limited dollar coverage except:
A. Boats
B. Clothing
C. Trailers
D. Furs - ANSWERB. Clothing
Under the HO-3, ___% of the amount of insurance written under coverage A applies
to coverage C - ANSWER50%
Under coverage B- Other Structures, all of the following are NOT covered except:
A. a detached garage rented to a non-tenant for garage purposes
B. structures rented to a non-tenant
C. attached garages
D. structures used for business purposes - ANSWERA. a detached garage rented to a
non-tenant for garage purposes
If the insurer cancels a HO policy, unearned premium is returned to the insured on a
______ basis - ANSWERPro-rata
All the following are exclusions under the HO program EXCEPT:
A. Worldwide
B. On a blanket basis
C. United States and Canada
D. While in any of the 50 states - ANSWERA. worldwide
A homeowners policy can be cancelled by the insured for: - ANSWERany reason at
any time
Homeowners coverage E- Medical Payments, applies to bodily injury to - ANSWERA
3rd party that does not live there
Replacement Cost Value
Table cost 10 years ago: $3,000
Table cost today: $5,000
Depreciation: 30%
How much will insurance pay? - ANSWER$5,000
Answers: A+ Guide Solution
All of the following are covered under coverage A of a homeowners policy EXCEPT:
A. Attached garage
B. Construction materials used in building an addition to the dwelling
C. Detached Garage
D. A central air-conditioning system - ANSWERC. Detached Garage
The HO-3 provides ___________ coverage on contents - ANSWERBroad Form
The homeowners program provides coverage for all of the following except:
A. Yard furniture
B. Growing crops and lawns for business purposes
C. Central air-conditioning systems
D. Personal property used for business purposes - ANSWERB. Growing crops and
lawns for business purposes
All the following watercraft would be excluded under section 2 of the HO program
except:
A. Outboard with 50 horsepower
B. 30 ft sailboat owned by the insured
C. Inboard/ outboard with 75 horsepower
D. 15 ft outboard boat with a 25 horsepower motor - ANSWERD. 15 ft outboard boat
with a 25 horsepower motor
An apartment dweller would be in the market for a: - ANSWERHO-4
In section 1 of the HO policy, all of the following coverage's are included EXCEPT:
A. A detached garage struck by lightning
B. Personal property coverage
C. Doctor's bills incurred by a guest who fell down the insureds steps.
D. Coverage for loss of use - ANSWERC. Doctor's bills incurred by a guest who fell
down the insureds steps.
Coverage F of the homeowners program applies to: - ANSWERsocial invitees
Coverage E of the homeowners program involves all of the following EXCEPT:
A. Premises liability
B. Personal Activities
C. acts of residence employees
D. personal injury - ANSWERD. personal injury
The HO-2 Broad form covers collapse. Collapse would include all of the following
except
A. weight of the contents
, B. aircraft
C. hidden termites
D. settling - ANSWERD. Settling
Coverage D- loss of use provides ___% of Coverage A under the HO-2 - ANSWER30%
The difference between the HO-3 and HO-5 is found in - ANSWERPersonal Property
Under coverage C of the homeowners policy, all of the following categories of
property receive limited dollar coverage except:
A. Boats
B. Clothing
C. Trailers
D. Furs - ANSWERB. Clothing
Under the HO-3, ___% of the amount of insurance written under coverage A applies
to coverage C - ANSWER50%
Under coverage B- Other Structures, all of the following are NOT covered except:
A. a detached garage rented to a non-tenant for garage purposes
B. structures rented to a non-tenant
C. attached garages
D. structures used for business purposes - ANSWERA. a detached garage rented to a
non-tenant for garage purposes
If the insurer cancels a HO policy, unearned premium is returned to the insured on a
______ basis - ANSWERPro-rata
All the following are exclusions under the HO program EXCEPT:
A. Worldwide
B. On a blanket basis
C. United States and Canada
D. While in any of the 50 states - ANSWERA. worldwide
A homeowners policy can be cancelled by the insured for: - ANSWERany reason at
any time
Homeowners coverage E- Medical Payments, applies to bodily injury to - ANSWERA
3rd party that does not live there
Replacement Cost Value
Table cost 10 years ago: $3,000
Table cost today: $5,000
Depreciation: 30%
How much will insurance pay? - ANSWER$5,000
