This question is a part of BIF's Special Webinar series which was created to help students affected by the July 2020 CFP® Exam postponement to September 2020.
Match each homeowners form to the appropriate name:
|
HO-2
|
contents
|
|
HO-3
|
unit owners
|
|
HO-4
|
modified
|
|
HO-5
|
special
|
|
HO-6
|
broad
|
|
HO-7
|
comprehensive
|
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Correct answer:
|
HO-2
|
broad
|
|
HO-3
|
special
|
|
HO-4
|
contents
|
|
HO-5
|
comprehensive |
|
HO-6
|
unit owners
|
|
HO-7
|
modified |
CFP® Exam insight:
Work toward memorizing the type of residence that is covered by each homeowners form and the extent of the included coverage. For example, single-family, residential homes are covered by HO-2, HO-3, and HO-5 forms. The higher the number of these forms, the greater the extent of the coverage.