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PROPERTY INSURANCE WEBCE EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS VERIFIED
Practice questions for this set
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Motor vehicle" is a self-propelled vehicle or trailer connected to it. This definition includes not only
automobiles but also motorcycles, self-propelled lawn mowers, and even
motorized wheelchairs.
Select the correct term
Homeowners Policy Contents Broad Form
14 (HO 4) 2Motor Vehicle
3no 4motorized vehicle
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Dwelling, other structures: homeowners policy, and personal property on a
Homeowners Policy Broad Form 2 (HO 2)
named perils basis; loss of use, personal liability, and medical payments.
Dwelling and other structures on an open perils basis; personal property on a
Homeowners Policy Special Form 3(HO
named perils basis (16 specified perils); loss of use, personal liability, and medical
3)
payments.
For tenants of houses or apartments: personal property on a named perils basis,
Homeowners Policy Contents Broad loss of use, personal liability, and medical payments. No dwelling or other
Form 4 (HO 4) structures coverage except for building additions and alterations paid for by the
insured.
Dwelling, other structures, and personal property on an open perils basis; loss of
Homeowners Policy Comprehensive
use, personal liability, and medical payments. The broadest homeowners
Form 5 (HO 5)
coverage.
For owners of condominiums and cooperative apartments: personal property on a
Homeowners Policy Unit Owners Form 6 named perils basis, limited dwelling coverage (for improvements, betterments,
(HO 6) and items of real property pertaining exclusively to the residence premises), loss
of use, personal liability, and medical payments.
For older homes when their replacement cost may substantially exceed their
market value: dwelling and other structures based on the amount needed to
Homeowners Modified Form 8 (HO 8)
repair or replace the property using common construction materials and
methods; loss of use, personal liability, and medical payments.
Motor vehicle" is a self-propelled vehicle or trailer connected to it. This definition
Motor Vehicle includes not only automobiles but also motorcycles, self-propelled lawn mowers,
and even motorized wheelchairs.
motorized vehicle A motorized wheelchair is an example of a...
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