1. Which of the following homeowner's policies is designed for tenants of a rental unit?

A. HO-2

B. HO-4

C. HO-6

D. HO-8

2. Margaret is the only insured named in the declarations of her homeowner's policy. Which of the following persons is (are) classified as an insured under Margaret's policy?

I. Margaret's husband who is separated from her and lives elsewhere.

II. Margaret's 20-year old son who lived with her until he went to college where he is a part-time student and an aspiring comedian.

A. I only

B. II only

C. Both I and II

D. Neither I nor II

3. Which of the following situations would be covered under the (Coverage E) personal liability portion of Section II of a homeowner's policy?

I. The insured is sued by his landlord for water damage to the insured's apartment.

II. The insured is sued after a friend suffered injury from using cocaine the insured sold him.

A. I only

B. II only

C. Both I and II

D. Neither I nor II

4. Do you think you need a long-term care policy? Why or why not?

5. All of the following statements concerning homeowner's policy endorsements are correct EXCEPT

a. The inflation guard endorsement increases property limits by an annual percentage selected by the insured.

b. The home day-care coverage endorsement is appropriate for a person conducting a home day-care business for older adults.

c. The personal property replacement cost loss settlement endorsement changes the loss settlement basis for most types of covered personal property.

d. The earthquake endorsement provides coverage subject to the same deductible that applies to other covered perils.

6. Describe some key elements of Title Insurance.

7. Additional coverage may be needed for personal property that is subject to sublimits in a homeowner's policy. Such property includes all the following EXCEPT

a. Furs

b. Jewelry

c. Silverware

d. Antiques