7/13/25, 1:07
PM
CPCU 553 - CHAPTER 5 EXAM QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
GRADED A++ LATEST UPDATE 2025/2026
Terms in this set (45)
Identify the 3 1. Individuals and families who own a
general categories private home in which they reside
into which parties 2. People who rent or lease the premises in
eligible for which they reside
coverage under 3. Individuals and families who own
the ISO 2011 HO private condominium units used for
insurance residential purposes
program fall.
1. HO-2 - broad form
2. HO-3 - special form
List the 6 policy 3. HO-4 - contents broad form
forms the ISO HO 4. HO-5 - comprehensive form
program offers. 5. HO-6 - unit-owners form
6. HO-8 - modified coverage form
Describe the The HO-2 Broad form provides
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21
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PM
coverage named perils coverage for dwellings,
provided by the other structures, and personal
HO-2 form. property.
The HO-3 Broad form provides
named perils coverage for personal
Contrast the property, as does the HO-2. It
coverage provides special form coverage
provided by the (open perils coverage) on
HO-2 with the dwellings and other structures. This
coverage means it protects property against
provided by the direct physical loss that is
HO-3. otherwise not excluded by the
coverage form.
The HO-3 is designed to meet the
RM needs for owner-occupants of
dwellings who want broader
coverage on their dwellings and
other structures.
Describe the The HO-4 - Contents broad form
coverage provides coverage for a tenant's
provided by the personal property on a named peril
HO-4 Contents basis.
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21
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PM
broad form.
Identify the HO-5 comprehensive form as it
coverage form provides open perils coverage on
that provides the dwelling, other structures, and
broadest personal property.
available
coverage for a
homeowner's
home and
contents.
It provides coverage for personal
Describe the property on a named peril basis,
coverage with limited dwelling coverage (unit
provided by the improvements). It is similar to the
HO-6 Unit HO-4 but it includes special
owners form. provisions for loss exposure inherent
in condominium and cooperative unit
ownership.
It provides coverage for a dwelling,
Describe the other structures, and personal
coverage property on a limited, named peril
provided by the basis.
HO-8 modified It is designed for cases like when the
3/
21
PM
CPCU 553 - CHAPTER 5 EXAM QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
GRADED A++ LATEST UPDATE 2025/2026
Terms in this set (45)
Identify the 3 1. Individuals and families who own a
general categories private home in which they reside
into which parties 2. People who rent or lease the premises in
eligible for which they reside
coverage under 3. Individuals and families who own
the ISO 2011 HO private condominium units used for
insurance residential purposes
program fall.
1. HO-2 - broad form
2. HO-3 - special form
List the 6 policy 3. HO-4 - contents broad form
forms the ISO HO 4. HO-5 - comprehensive form
program offers. 5. HO-6 - unit-owners form
6. HO-8 - modified coverage form
Describe the The HO-2 Broad form provides
1/
21
,7/13/25, 1:07
PM
coverage named perils coverage for dwellings,
provided by the other structures, and personal
HO-2 form. property.
The HO-3 Broad form provides
named perils coverage for personal
Contrast the property, as does the HO-2. It
coverage provides special form coverage
provided by the (open perils coverage) on
HO-2 with the dwellings and other structures. This
coverage means it protects property against
provided by the direct physical loss that is
HO-3. otherwise not excluded by the
coverage form.
The HO-3 is designed to meet the
RM needs for owner-occupants of
dwellings who want broader
coverage on their dwellings and
other structures.
Describe the The HO-4 - Contents broad form
coverage provides coverage for a tenant's
provided by the personal property on a named peril
HO-4 Contents basis.
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21
, 7/13/25, 1:07
PM
broad form.
Identify the HO-5 comprehensive form as it
coverage form provides open perils coverage on
that provides the dwelling, other structures, and
broadest personal property.
available
coverage for a
homeowner's
home and
contents.
It provides coverage for personal
Describe the property on a named peril basis,
coverage with limited dwelling coverage (unit
provided by the improvements). It is similar to the
HO-6 Unit HO-4 but it includes special
owners form. provisions for loss exposure inherent
in condominium and cooperative unit
ownership.
It provides coverage for a dwelling,
Describe the other structures, and personal
coverage property on a limited, named peril
provided by the basis.
HO-8 modified It is designed for cases like when the
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21
