West Virginia Property and Casualty Licensing Practice Exam

To which homeowner forms can the mobile homeowners endorsement be attached?

1. HO1 or HO4

2. HO2 or HO3 only

3. HO5 or HO8

4. HO6 or HO7

The correct answer is: HO2 or HO3 only

The mobile homeowners endorsement is specifically designed to be attached to certain homeowner policies that provide broader coverage for mobile or manufactured homes. The correct answer indicates that the endorsement can be attached to HO2 and HO3 forms, which are standard homeowner's policies that offer coverage for both personal property and the dwelling itself against specific perils. HO2 is known as the Broad Form, which covers the dwelling and personal property against named perils, while HO3 is the Special Form, providing open perils coverage for the dwelling and named perils for personal property. These forms are suitable for mobile homeowners because they allow for adaptable coverage that aligns with the unique needs of mobile home ownership. The other choices do not align with the types of homeowner policies that can accommodate mobile homeowners endorsements. For example, HO1 is a basic form with very limited coverage, and HO4 is a renters form, not applicable to mobile homes. Similarly, while HO5 provides comprehensive coverage for personal property, it isn't specifically designed for mobile homes in the same way as HO2 and HO3. Lastly, HO6 is intended for condominium owners, and HO7 is a special type primarily for mobile homes but is often associated with specific standards distinct from the HO2 and HO3 forms. Thus