Special Webinar Question: Property and Casualty Insurance

Posted by Adam Scherer, CFP®, MS

Jun 4, 2020

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.

 

Topics: Practice Questions