Home Insurance Certification Practice Test! Trivia Questions Quiz

49 Questions | Total Attempts: 230

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Home Insurance Certification Practice Test! Trivia Questions Quiz

This is the home insurance practice test. It includes 50 questions that may be on the real certification exam


Questions and Answers
  • 1. 
    Protection class can best be described as:
    • A. 

      The home's fireproofing based on construction features and alarm systems

    • B. 

      The amount of time it takes the emergency services (fire, paramedic, ect.) to reach the home based on road distance

    • C. 

      The home's access to water in the event of a fire

    • D. 

      The home's chance of taking substantial damage in the event of a fire

  • 2. 
    When is it acceptable to exclude coverage for the peril wind?
    • A. 

      It is never acceptable to exclude the peril of wind

    • B. 

      Only if the customer can provide documentation stating that they are admitted into a wind pool

    • C. 

      Only when including wind coverage would make the policy ineligible

    • D. 

      Only if the customer has a federal flood insurance policy

  • 3. 
    A home has become uninsurable once it has been in lapse for at least:
    • A. 

      1 day

    • B. 

      5 days

    • C. 

      30 days

    • D. 

      60 days

  • 4. 
    Identify the risks which are eligible for coverage under Safeco, ASI, and Travelers.
    • A. 

      Currently for sale

    • B. 

      Purchased as part of a short sale

    • C. 

      Modular home

    • D. 

      Manufactured home

    • E. 

      Homeowner runs a small barber-shop out of the home and services roughly 5 customers daily

  • 5. 
    Which carrier would accept a risk with the applicable loss history?
    • A. 

      ASI

    • B. 

      Safeco

    • C. 

      Travelers

    • D. 

      None of our carriers would accept this risk

  • 6. 
    What is the best description of the style of this home?
    • A. 

      Queen Anne

    • B. 

      Cape Cod

    • C. 

      Colonial

    • D. 

      Salt box

  • 7. 
    What is the proper way to determine the square footage of this home?
    • A. 

      Include the square footage of both the top and bottom levels as well as the built-in garage

    • B. 

      Include the square footage for only the top floor

    • C. 

      Include the square footage for the top floor but indicate the foundation as a finished basement

    • D. 

      Include the square footage of both the top and bottom levels but exclude the built-in garage

  • 8. 
    What is the name for this shape of the roof?
    • A. 

      Gable

    • B. 

      Hip

    • C. 

      Mansard

    • D. 

      Gambrel

  • 9. 
    Coverage A: Dwelling protection will pay for loss to:
    • A. 

      Insulation

    • B. 

      Sidewalks

    • C. 

      Skylights

    • D. 

      Breezeway

    • E. 

      Television

  • 10. 
    Which of the following perils can never be added to the policy even by endorsement?
    • A. 

      Earthquake

    • B. 

      Flood

    • C. 

      Sewer backup

    • D. 

      Hurricane

  • 11. 
    Casualty insurance coverages extend to:
    • A. 

      Only those locations mentioned on the declarations page

    • B. 

      Any place the insured uses for non-business purposes

    • C. 

      Only the residence premesis

    • D. 

      The residence premises but not the yard if the home has a pool or trampoline

  • 12. 
    The standard amount of Coverage E: Liability the customer should be offered is:
    • A. 

      $100,000

    • B. 

      $300,000

    • C. 

      $500,000

    • D. 

      $1,000,000

  • 13. 
    Emily’s neighbor is injured while helping her install carpeting in the house. What part of the policy would provide coverage for the neighbor's injury?
    • A. 

      Personal property

    • B. 

      Medical Payments

    • C. 

      The injury to the neighbor would not be covered by Emily's insurance

    • D. 

      Dwelling

  • 14. 
    Which profession best qualifies for a business pursuits endorsement?
    • A. 

      A man who runs a full-time barber shop in the front room of his home

    • B. 

      A woman who teaches piano lessons to 1-5 students per week

    • C. 

      A lawyer who runs his legal practice out of a home office

    • D. 

      A dog breeder who rears animals on the property

  • 15. 
    The customer must typically submit a receipt or appraisal completed within the last 5 years when scheduling property value over:
    • A. 

      $5,000

    • B. 

      $10,000

    • C. 

      $8,000

    • D. 

      Scheduled items of any value must be supported with a receipt

  • 16. 
    When processing a payment directly to ESCROW the customer is responsible for:
    • A. 

      Informing the mortgage company of a switch of insurance and signing all paper documents

    • B. 

      The initial down-payment only

    • C. 

      The customer does not have to take any cation whatsoever after binding a policy through ESCROW

    • D. 

      The initial down-payment and signing all paper documents

  • 17. 
    Through Travelers Insurance we are able to offer the following products:(Check all answers that apply)
    • A. 

      Silver Home

    • B. 

      Gold Home

    • C. 

      Platinum Home

    • D. 

      Silver Condo

    • E. 

      Gold Condo

    • F. 

      Silver Renters

    • G. 

      Gold Renters

  • 18. 
    With regards to protection class:
    • A. 

      Safeco requires a PC of 8B or below AND a fire hydrant within 1,000ft of the home

    • B. 

      Safeco requires a PC of 8B or below OR a fire hydrant within 1,000ft of the home

    • C. 

      Safeco will accept alternate water sources such as a pond or creek in lieu of a fire hydrant

    • D. 

      Safeco will not write the home if the fire department is staffed by volunteers

  • 19. 
    What is our goal during the initial carrier software quote?
    • A. 

      To see if the customer qualifies for the home product

    • B. 

      To learn the protection class of the home

    • C. 

      To qualify the home instead of using the home portal

    • D. 

      To find out the age of the home

  • 20. 
    Which of these claims would be factored into the client's premium when quoting ASI?
    • A. 

      Only the hail claim

    • B. 

      Only the wind claim

    • C. 

      Both the wind and hail claims

    • D. 

      Neither claim counts against the customer in ASI

  • 21. 
    What claims should we ask about?
    • A. 

      Any claims with a payout

    • B. 

      All claims that appear on the CLUE report

    • C. 

      Any claims without a payout

    • D. 

      Any open claims

    • E. 

      None of the answers are correct

  • 22. 
    When trying to figure out the foundation type of the home, we should...
    • A. 

      None of answers are correct

    • B. 

      Base it on the year built

    • C. 

      Base it on the area

    • D. 

      Use the preset defaults

    • E. 

      Only use 3rd party sites such as Zillow

  • 23. 
    What is the first step of determining the construction style of a home?
    • A. 

      Ask the customer

    • B. 

      Look at Zillow

    • C. 

      Base it on the area

    • D. 

      Go with what the carrier pulls up

    • E. 

      None of the answers are correct

  • 24. 
    Coverage C should only be changed if
    • A. 

      The customer has more property than the set limit

    • B. 

      You have discussed it with the customer

    • C. 

      The customer has less property than the set limit

    • D. 

      All of the answers are correct

    • E. 

      None of the answers are correct

  • 25. 
    Coverage A should be soley based on
    • A. 

      The carrier estimator

    • B. 

      What the customer requests

    • C. 

      The prior coverage A limit

    • D. 

      The market value of the home

    • E. 

      None of the answers are correct

  • 26. 
    Business exposures (in-home business) in Travelers can be eligible if:
    • A. 

      The agent calls Travelers Underwriting

    • B. 

      The business is open 3 days a week

    • C. 

      Has minimal foot traffic

    • D. 

      None; Travelers will not write any policy with business exposure

  • 27. 
    The Travelers Enhanced home package does not have the following coverage:
    • A. 

      Earthquake

    • B. 

      Lock Replacement

    • C. 

      Personal Injury

    • D. 

      Increased loss assessment

  • 28. 
    Which is not a Safeco knockout factor?
    • A. 

      Open foundation

    • B. 

      Mobile / metal frame

    • C. 

      1500 feet from a fire hydrant

    • D. 

      Home built in 1922

  • 29. 
    What is not an excluded business in Safeco?
    • A. 

      Customer runs a daycare with no employees

    • B. 

      Lawyers/Doctors

    • C. 

      Hairdresser

    • D. 

      Business risks are unacceptable in Safeco

  • 30. 
    When do you manually enter claims in Safeco?
    • A. 

      Anything over $0

    • B. 

      All claims

    • C. 

      Never

    • D. 

      When there are no losses

  • 31. 
    ASI is better fit for good credit customers with:(Select ALL correct answers)
    • A. 

      Lots of weather claims

    • B. 

      No Fire Hydrant within 1000ft

    • C. 

      No Prior for 45 days

    • D. 

      PC-9 or above

  • 32. 
    What endorsement decreases premium in ASI?
    • A. 

      Limited water damage

    • B. 

      Loss assessment

    • C. 

      Ordinance or law

    • D. 

      Water backup

  • 33. 
    Which carrier requires an e-signature for home policies?
    • A. 

      ASI

    • B. 

      Travelers

    • C. 

      Safeco

    • D. 

      None

  • 34. 
    Why does an agent not ask leading questions in writing a home policy?
    • A. 

      Leading now means cancellation later

    • B. 

      Leading now means missing out on discounts later

    • C. 

      You should always lead the customer

    • D. 

      Leading now means going through software faster

  • 35. 
    No matter the carrier, what do you do once you run a C.L.U.E. quote?
    • A. 

      Ask about all claims, even $0 claims

    • B. 

      Ask about all claims, except $0 claims

    • C. 

      Quote the rate

    • D. 

      Ignore report because it would have already kicked you out if there was a problem

  • 36. 
    What coverage may not be lowered in a home policy?
    • A. 

      Coverage A (by 5% maximum)

    • B. 

      Coverage B (2% of Coverage A)

    • C. 

      Coverage C (50% - 75% of Coverage A)

    • D. 

      Coverage F (Minimum is $1000)

  • 37. 
    Why would an agent lower Coverage B on a home policy?
    • A. 

      Only has a driveway

    • B. 

      Has a pool

    • C. 

      Has an art collection

    • D. 

      Never lower Coverage B

  • 38. 
    If the customer doesn't respond to the home carrier's welcome communication, what will happen to the policy?
    • A. 

      Cancellation

    • B. 

      Uprate

    • C. 

      Nothing

    • D. 

      Company will keep calling until it gets a response

  • 39. 
    Who are the "interested parties" in a new home closing?(Select ALL correct answers)
    • A. 

      Inspector

    • B. 

      Loan Processor

    • C. 

      Mortgage Officer

    • D. 

      Insurance Agent

    • E. 

      Underwriter

  • 40. 
    On a new home closing, what document should you get to help quote the policy?
    • A. 

      Inspection report

    • B. 

      Mortgagee Clause

    • C. 

      Prior home insurance declaration page

    • D. 

      Loan document

  • 41. 
    Check ALL items that effect a home's replacement cost
    • A. 

      Debris removal

    • B. 

      Materials

    • C. 

      Market value

    • D. 

      Permit cost

    • E. 

      Mortgage fees

  • 42. 
    What can happen if an agent writes a home policy that vastly under-insures the home?
    • A. 

      Claims may be reduced even if the claim is lower than the limit of liability

    • B. 

      Claims may be denied even if the claim is lower than the limit of liability

    • C. 

      The claim will be paid but is subject to an additional coinsurance payment by the insured

    • D. 

      The underwriter will correct it and no problems will arise

  • 43. 
    What type of home is displayed in the picture?
    • A. 

      Manufactured home

    • B. 

      Ranch

    • C. 

      Raised Ranch

    • D. 

      Cape Cod

  • 44. 
    We can not write a home insurance policy if the insured owns a chihuahua
    • A. 

      True, if the chihuahua has any bite history

    • B. 

      True, Goji can not write policies where a dog is present

    • C. 

      False, chihuahuas can never affect the home policy

    • D. 

      False, if the chihuahua has not been spayed and neutered

  • 45. 
    Which of these policy choices structures the policy exclusively for total losses?
    • A. 

      Choosing a high deductible

    • B. 

      Choosing a low deductible

    • C. 

      Choosing no deductible ($0 deductible)

    • D. 

      Underinsures the value of the home

  • 46. 
    The insured makes candles as an incidental business in his garage. In a fire caused by lightning strike, the garage burns down. The insured’s candle-making tools will:
    • A. 

      Be covered up to $2,500

    • B. 

      Be covered up to $1,500

    • C. 

      Be covered up to the limit of coverage C

    • D. 

      Not be covered by his insurance because it is a business

  • 47. 
    All of the following are common additional/other coverages except:
    • A. 

      Worldwide Coverage C

    • B. 

      Reasonable Repairs

    • C. 

      Property Removed

    • D. 

      Identity Fraud Protection

  • 48. 
    Of the following carriers ASI, Safeco, & Travelers, which offer incidental business endorsements?
    • A. 

      ASI, Safeco, & Travelers

    • B. 

      ASI & Safeco

    • C. 

      Safeco & Travelers

    • D. 

      ASI & Travelers

  • 49. 
    Which Homeowner form comes standard with replacement cost of contents at no additional cost?
    • A. 

      HO-02

    • B. 

      HO-03

    • C. 

      HO-04

    • D. 

      HO-05