Chapter 4

Question 1

Broad form

HO 00 002 or HO-2

Answer 1

Named peril

1-4 unit owner occupied

Question 2

Special form

HO 00 03 or HO-3

Answer 2

Open peril & named peril

1-4 unit owner occupied

Question 3

Renters or tenants form

HO 00 04 or HO-4

Answer 3

Named peril

Occupied by tenant

Question 4

Comprehensive form

HO 00 05 or HO-5

Answer 4

Open peril

1-4 unit owner occupied

Question 5

Condominium form

HO 00 06 or HO-6

Answer 5

Named peril

Condominium unit owner occupied

Question 6

Modified form

HO 00 08 or HO-8

Answer 6

Named peril

1-4 unit owner occupied; historic or older home

Question 7

What is not covered for a HO-2 (broad form)?

Answer 7

• damage by rain, snow, dust inside building
• loss by a falling object inside building
• fences, driveways, and walks for damage from a vehicle owned or operated by a resident

Question 8

Unlike under the HO-2 (broad form), vehicle damage to fences, drivewAys, or walks is covered even if caused by an insured or resident

Answer 8

HO-3 (special form)

Question 9

The HO-6 coverage does not cover ___

Answer 9

Loss Or expense due to cancellation of a lease or agreement

Question 10

Dwelling coverage is provided in all forms except the ____

Answer 10

HO-4

Question 11

Loss of use coverage is a combination of

Answer 11

Coverage D and Coverage E

Fair rental and additional living

Question 12

• direct damages
• in all forms besides HO-4
• covers dwelling on premises, any materials or supplies located on or next to the premises used for construction, alteration, or repair
• Does not cover land

Answer 12

Coverage a -dwelling

Question 13

• Direct damages
• Basic amount of insurance equal to 10% of the coverage a limit included for other structures, but a policy may be written with higher limits
• Does not include land or structures rented or used to conduct business

Answer 13

Coverage b- other structures

Question 14

• Direct damages

- mandatory coverage in all HO forms, broader than in DP coverage forms

Answer 14

Coverage c- personal property

Question 15

• indirect damages

- combination of coverage D and coverage E

Answer 15

Coverage -D loss of use