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Florida Property & Casualty 2-20 Study Guide

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Section 1 Specific exam blueprint requirement: HO-2/3/4/5/6/8 — Concept: HO-2/3/4/5/6/8 (Item 1) Preview

Preview: Property policies

Preview includes
  • 4 of 5 lesson topics
  • 1 overview segment
  • 3 core concepts
  • 2 exam tips

Lesson Topics

  • HO-3 definition
  • HO-2 comparison
  • Coverage limits key
  • Named peril exclusions

Overview

This objective assesses understanding of HO-2/3/4/5/6/8 policy concepts, focusing on coverage differences and valuation approaches as outlined in the 2026 General Lines exam blueprint.

Core Concepts

  • HO-2 is a named-peril homeowners form; HO-3 generally uses open-peril dwelling coverage with named-peril personal property; HO-5 is broader open-peril coverage for dwelling and personal property, subject to exclusions.
  • HO-4 is the tenants/renters form; HO-6 is the condominium unit-owners form; HO-8 is designed for certain older homes where modified coverage/valuation is appropriate.
  • Always separate Coverage A/B property, Coverage C personal property, loss of use, liability, and medical-payments concepts; the form and endorsements control the details.

Exam Tips

  • Carefully review the coverage limits and exclusions for each policy type. These are critical differentiators.
  • Understand the scope of valuation – replacement cost vs. actual cash value – and how it impacts coverage amounts.
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Section 9 Specific exam blueprint requirement: HO-2/3/4/5/6/8 — Concept: HO-2/3/4/5/6/8 (Item 9) Pro
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