All-Lines Insurance Adjuster Exam (Texas and Florida 6-20)

Property policies and coverages: practice questions

Our Insurance adjuster (all lines) bank has 70 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1

Which peril is excluded under standard homeowners policies and must be covered separately, often through the NFIP?

Flood
Fire
Windstorm
Theft

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A. Flood — Homeowners policies exclude flood (surface water); flood coverage is available through the National Flood Insurance Program or private flood policies.

Question 2

For the SFIP, a 'principal residence' is a dwelling the insured or spouse lived in for at least what share of the 365 days before the loss?

50 percent
66 percent
80 percent
100 percent

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C. 80 percent — SFIP definitions: principal residence means the dwelling in which you or your spouse have lived for at least 80 percent of the 365 days immediately preceding the loss.

Question 3

Which homeowners form is designed for tenants and covers personal property but not the building?

HO-4
HO-3
HO-6
HO-8

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A. HO-4 — HO-4 (renters/contents broad form) insures personal property and liability for tenants; it has no dwelling coverage.

Question 4

Under the SFIP, Increased Cost of Compliance (Coverage D) pays up to:

$10,000
$30,000
$50,000
$100,000

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B. $30,000 — SFIP Coverage D: up to $30,000, in addition to the building limit selected.

Question 5

Under the SFIP Dwelling Form, a detached garage at the described location is covered for up to what share of the dwelling limit?

10 percent
5 percent
20 percent
50 percent

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A. 10 percent — SFIP: coverage for a detached garage is limited to no more than 10 percent of the limit of liability on the dwelling, and it reduces the building limit.

Property policies and coverages: practice questions

Which peril is excluded under standard homeowners policies and must be covered separately, often through the NFIP?

For the SFIP, a 'principal residence' is a dwelling the insured or spouse lived in for at least what share of the 365 days before the loss?

Which homeowners form is designed for tenants and covers personal property but not the building?

Under the SFIP, Increased Cost of Compliance (Coverage D) pays up to:

Under the SFIP Dwelling Form, a detached garage at the described location is covered for up to what share of the dwelling limit?

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