South Carolina Personal Lines Practice Exam

Which HO forms do not have a Section 1 and Section 2?

1. HO-1 and HO-2

2. HO-3 and HO-4

3. HO-4 and HO-6

4. HO-5 and HO-7

The correct answer is: HO-4 and HO-6

The correct answer identifies the Homeowners (HO) forms that lack a distinct Section 1 and Section 2. In the context of homeowners insurance policies, Section 1 is typically focused on property coverage, while Section 2 covers personal liability. HO-4, also known as renters insurance, is designed for tenants and provides personal property coverage without covering the building itself, as renters do not own the property. Therefore, it does not have a Section 1 that covers physical structures or additional living expenses related to the dwelling. HO-6, commonly structured for condominium owners, similarly emphasizes personal property and personal liability coverage. It covers the interior of the unit and personal liability, but it defines coverage in a manner that does not conform to the traditional structure of Sections 1 and 2. Meanwhile, other forms like HO-1, HO-2, HO-3, HO-5, and HO-7 do include Sections outlining different aspects of property and liability coverage, as these forms are tailored to provide more comprehensive homeowner coverage and are structured to separate these sections clearly. Thus, the identification of HO-4 and HO-6 as not having distinct Sections illustrates a specific focus on covering personal property and liabilities without the structural definitions found