Common Homeowners Insurance Questions And Answers

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| Attempts: 539 | Questions: 70 | Updated: May 12, 2025
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1. A devise which is used to minimize small nuisance claims, keep insurance premiums down and may reduce morale hazards is called

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Chapter 3

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About This Quiz
Common Homeowners Insurance Questions And Answers - Quiz

Here are a few common homeowners insurance questions and answers that every homeowner planning to buy a home policy should know. Also, this quiz will help in solving some of your queries related to property insurance. Homeowners insurance is generally a form of property insurance that covers destruction and damages... see moreto an individual's house and assets in the home. So, if you want to know more about it in detail, don't skip this quiz. Take it up and increase your understanding regarding your property. see less

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2. The failure to act or not as a reasonable person would under similar circumstance is known as

Explanation

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3. Changes or additions to a policy contract are referred to as:

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4. Installing an ADT alarm system is an example of which risk management technique?

Explanation

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5. Which one of the following is NOT an eligible vehicle for coverage under a Personal Auto Policy?

Explanation

A motorcycle is not an eligible vehicle for coverage under a Personal Auto Policy because motorcycles are typically covered under a separate insurance policy called a Motorcycle Insurance Policy. Personal Auto Policies are designed to provide coverage for cars, sedans, SUVs, and vans, but not for motorcycles. Motorcycles have different risks and require specialized coverage, which is why they are excluded from Personal Auto Policies.

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6. Fire, lightning and hail are best used for which of the following terms?

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7. Information about the premium and policy limits, the identity and address of the named insured, and the policy period is found in what part of an insurance policy?

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8. Perils that are not covered by the policy contract are called

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9. Which loss valuation will provide a new item for an old item if damaged by a covered claim?

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10. Something that may increase the seriousness of a loss or the likelihood that a loss will occur is called a

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11. Physical harm to a person is a definition of

Explanation

Bodily injury refers to physical harm or damage caused to a person's body. It includes injuries such as cuts, bruises, fractures, or any other harm that affects a person's physical well-being. This term is commonly used in legal and insurance contexts to describe the physical harm suffered by an individual as a result of an accident or intentional act.

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12. If the Commissioner finds the person has violated insurance laws, it may issue a _______ requiring the offending party to stop the illegal activity

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13. Returning an insured back to the same financial condition prior to the loss is

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14. When can the Commissioner examine an insurer's records?

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15. Which one of the following would NOT be considered an insured on a policy contract?

Explanation

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16. In order to collect on an insurance claim

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17. Additional living expenses would be paid by which homeowner policy coverage?

Explanation

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18. Which policy would be used to insure a condo?

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19. If the insurance company cancels the policy, how will the unearned premium be returned to the policyholder?

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20. Which one of the following locations will NOT be covered on a personal auto policy?

Explanation

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21. Which term best describes the insurance company's assumption of the insured's legal rights to sue the at-fault party?

Explanation

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22. An insured responding to a question to the best of their knowledge would be

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23. Giving someone sporting tickets in exchange for purchasing a policy is called

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24. Damage to fishing equipment would be claimed under which homeowner policy coverage?

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25. An insured's indifference to a loss or attitude about safety can create a

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26. In some states if the injured party can be proven even partially responsible for the accident, they are barred from recovery, this is called

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27. What are open perils?

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28. How long will personal property be covered at a new location?

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29. Non-renewal refers to a termination of coverage anytime during the middle of the policy period

Explanation

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30. Personal automobile medical payments cover

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31. How will your homeowner policy cover the insured when their pet bites someone?

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32. Making a false statement intended to injure an insurer's reputation is an illegal practice known as:

Explanation

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33. What is the limit called when you have more than one property at more than one location covered by one single limit on the policy?

Explanation

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34. The Insurance Commissioner is empowered to:

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35. Which one of the following is guaranty that all the information provided is correct?

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36. Coverage D will cover which type of loss?

Explanation

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37. The fire department service charge is how much?

Explanation

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38. Unequal transfer of value between the insurer and Named Insured is

Explanation

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39. What coverage do the numbers 100/3000 represent in a 100/300/50 split limit?

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40. All of the following are resident producer requirements EXCEPT:

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41. Coverage D on an Homeowner's policy will NOT cover for which of the following claims>

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42. Which of the following damages will punish the responsible party?

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43. What type of financial loss occurs as a consequence of direct loss?

Explanation

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44. Which of the following is NOT considered unfair discrimination

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45. All of the following are elements necessary for a contract to be valid, EXCEPT:

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46. All of the following will be listed on a written binder, EXCEPT:

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47. Which clause found in the policy contract states that the Named Insured may not transfer policy ownership without the insurers consent?

Explanation

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48. It is illegal for an agent to pay, allow, give, offer, or promise to a prospective insurance buyer any return of premiums, any special favor or advantage, or anything of value not specified in the insurance contract, as an inducement to buy insurance because this practice is known as

Explanation

Chapter 1

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49. A building that does NOT contain enough personal property to be used for that purpose and no one was home at the time of the loss best describes which of the following terms?

Explanation

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50. Coverage E on a homeowner policy covers which of the following?

Explanation

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51. Which of the following is NOT considered an insured location on a homeowner policy?

Explanation

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52. Underinsured motorist coverage provides protection to an insured after an accident in which of the following situation

Explanation

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53. What are payments that are automatically included and do not affect the limit of liability?

Explanation

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54. What is NOT covered by supplementary payments under Section II of a homeowner policy?

Explanation

Chapter 66

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55. An unendorsed homeowner policy will settle personal property for which valuation method?

Explanation

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56. Which one of the following homeowner forms does NOT provide Coverage A?

Explanation

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57. Each of the following must be present to establish negligent liability, EXCEPT

Explanation

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58. What is proximate cause?

Explanation

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59. What will happen to your policy premium if you decrease your deductible?

Explanation

If you decrease your deductible, it means that you will have to pay less out of pocket before your insurance coverage kicks in. This will result in a lower policy premium because the insurance company will have to cover a larger portion of the costs in the event of a claim.

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60. How is the premium returned when the Named Insured cancels the policy?

Explanation

Chapter 3

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61. Where will the perils insured against be found in the policy contract?

Explanation

Chapter 3

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62. This covers the insured up to $1,000 in the event property owned by the homeowner's association suffers a loss that would be a covered loss under the insured's policy.

Explanation

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63. For an investigative consumer report the customer has to be advised in writing within

Explanation

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64. Where in a policy would you find the exception for whether intentional acts are covered?

Explanation

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65. Which one of the following policies will cover real and personal property for special perils?

Explanation

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66. What is awarded for pain and suffering following an accident?

Explanation

General Damages are awarded for pain and suffering following an accident. These damages are meant to compensate the injured party for the physical and emotional pain, as well as any loss of enjoyment of life, that they have experienced as a result of the accident. General Damages are different from Special Damages, which are awarded to cover specific financial losses such as medical expenses and lost wages. Punitive Damages and Exemplary Damages, on the other hand, are awarded in cases where the defendant's conduct was particularly egregious or malicious, and are meant to punish the defendant rather than compensate the plaintiff.

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67. Section II, Liability in a homeowner policy would NOT cover all of the following EXCEPT?

Explanation

Chapter 6

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68. Which one of the following is an additional coverage on all homeowner policies?

Explanation

Chapter 6

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69. Which one of the following would only be covered under special perils?

Explanation

Chapter 6

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70. What coverage on a homeowners policy will pay out regardless of fault

Explanation

Chapter 6

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A devise which is used to minimize small nuisance claims, keep...
The failure to act or not as a reasonable person would under similar...
Changes or additions to a policy contract are referred to as:
Installing an ADT alarm system is an example of which risk management...
Which one of the following is NOT an eligible vehicle for coverage...
Fire, lightning and hail are best used for which of the following...
Information about the premium and policy limits, the identity and...
Perils that are not covered by the policy contract are called
Which loss valuation will provide a new item for an old item if...
Something that may increase the seriousness of a loss or the...
Physical harm to a person is a definition of
If the Commissioner finds the person has violated insurance laws, it...
Returning an insured back to the same financial condition prior to the...
When can the Commissioner examine an insurer's records?
Which one of the following would NOT be considered an insured on a...
In order to collect on an insurance claim
Additional living expenses would be paid by which homeowner policy...
Which policy would be used to insure a condo?
If the insurance company cancels the policy, how will the unearned...
Which one of the following locations will NOT be covered on a personal...
Which term best describes the insurance company's assumption of...
An insured responding to a question to the best of their knowledge...
Giving someone sporting tickets in exchange for purchasing a policy is...
Damage to fishing equipment would be claimed under which homeowner...
An insured's indifference to a loss or attitude about safety can...
In some states if the injured party can be proven even partially...
What are open perils?
How long will personal property be covered at a new location?
Non-renewal refers to a termination of coverage anytime during the...
Personal automobile medical payments cover
How will your homeowner policy cover the insured when their pet bites...
Making a false statement intended to injure an insurer's...
What is the limit called when you have more than one property at more...
The Insurance Commissioner is empowered to:
Which one of the following is guaranty that all the information...
Coverage D will cover which type of loss?
The fire department service charge is how much?
Unequal transfer of value between the insurer and Named Insured is
What coverage do the numbers 100/3000 represent in a 100/300/50 split...
All of the following are resident producer requirements EXCEPT:
Coverage D on an Homeowner's policy will NOT cover for which of...
Which of the following damages will punish the responsible party?
What type of financial loss occurs as a consequence of direct loss?
Which of the following is NOT considered unfair discrimination
All of the following are elements necessary for a contract to be...
All of the following will be listed on a written binder, EXCEPT:
Which clause found in the policy contract states that the Named...
It is illegal for an agent to pay, allow, give, offer, or promise to a...
A building that does NOT contain enough personal property to be used...
Coverage E on a homeowner policy covers which of the following?
Which of the following is NOT considered an insured location on a...
Underinsured motorist coverage provides protection to an insured after...
What are payments that are automatically included and do not affect...
What is NOT covered by supplementary payments under Section II of a...
An unendorsed homeowner policy will settle personal property for which...
Which one of the following homeowner forms does NOT provide Coverage...
Each of the following must be present to establish negligent...
What is proximate cause?
What will happen to your policy premium if you decrease your...
How is the premium returned when the Named Insured cancels the policy?
Where will the perils insured against be found in the policy contract?
This covers the insured up to $1,000 in the event property owned by...
For an investigative consumer report the customer has to be advised in...
Where in a policy would you find the exception for whether intentional...
Which one of the following policies will cover real and personal...
What is awarded for pain and suffering following an accident?
Section II, Liability in a homeowner policy would NOT cover all of the...
Which one of the following is an additional coverage on all homeowner...
Which one of the following would only be covered under special perils?
What coverage on a homeowners policy will pay out regardless of fault
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