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Property & Casualty Practice Exam: Personal Lines Questions and Answers Rated A+
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Property & Casualty Practice Exam: Personal Lines
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Property & Casualty Practice Exam:Personal Lines
Coverage under a comprehensive PL Policy or Homeowners Section II extends:
A) To the premises described and to the personal activites of the insured on or off of the
premises
B) Only to the premises described in the policy
C) Only to the personal activities of the insured
D) To the premises described and to all personal and business activities of the insured
on or off the described premises - answerA
Which property is excluded under an HO3 policy?
A) Firearms
B) Jewelry
C) Securities
D) Guard dog - answerD
Which is an additional benefit that is included in a DP2 that is not included in a DP1?
A) Debris Removal
B) Lawns, tree, shrubs
C) Reasonable repairs
D) Fire dept. services - answerB
What additional coverage does a DP2 have compared to a DP1?
A) Debris Removal
B) Improvements, alterations, and additons
C) Personal liability
D) Additional living expenses - answerD
Which of the following collapse losses would be covered under an HO3?
A) Defective workmanship completed 2 years ago
B) Known insect damage
C) Weight of contents
D) Earth movement from a volcanic eruption - answerC
Mary has an HO3 policy with replacement cost coverage on the insured buildings. The
cost of replacement on the dwelling is $100,000, and the other structure (a garage) is
$20,000. To be certain of replacement cost coverage on a partial loss to either
structure, she must carry a minimum of
A) $100,000 on the dwelling; $10,000 on the garage
, B) $100,000 on the dwelling; $20,000 on the garage
C) $80,000 on the dwelling; $8,000 on the garage
D) $80,000 on the dwelling; $16,000 on the garage - answerD
The ordinance or law limitation in a Homeowner's policy may cause a gap in coverage
in which of the following situations?
A) The insured's home is damaged by fire and must be rebuilt to meet present building
codes. The additional cost of complying with the codes is 50%.
B) A community ordinance requires dog to be on a leash. The insured's dog, running
free in a park, bites a child.
C) The insured has a business occupancy that is permitted by homeowner's rule and
does not affect his coverage. However, community laws prohibit the occupancy unless
certain approvals are obtained and fees are paid. The insured has not obtained
approvals nor paid fees prior to windstorm damage to home.
D) A law requires all swimming pools on a residential property to be fenced and to have
self-closing gates. The insured's fate is not self-closing, and the neighbor's child goes
through the gate and is severely injured when he falls into the - answerA
Which of the following loss exposures is not covered by Section II of Ron's
Homeowner's policy?
A) Ron's use of riding a lawnmower while he is mowing his lawn
B) Ron's registered/licensed personal auto while used on his own property which
includes 10 acres of undeveloped land
C) Ron's use of a motorized golf cart, while playing golf on a golf course
D) Ron's activities while rebuilding a car for fun in his garage at home. The car does not
have an engine. - answerB
What is one way in which the HO2, HO4, and HO6 are similar?
A) Perils insured against under coverage C
B) The limits provided for under coverage C
C) Perils insured against under coverage A
D) The limits for under coverage B - answerA
Which homeowners form is best for use on a brand- new single family dwelling?
A) HO4
B) HO5
C) HO8
D) HO6 - answerB
Which of the following is a reason why someone would not purchase a Dwelling Policy
instead of an HO3?
A) Broader coverage is desired
B) Home is being leased to a tenant
C) Personal liability is not desired
D) Dwelling odes not meet all the standards for a Homeowner's policy, but meets
dwelling requirements - answerA
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