Florida Insurance Licensing Practice Exam

A Homeowners Policy is designed to protect residences, and understanding eligibility is crucial for potential policyholders. The correct response indicates that all the individuals mentioned can qualify for some form of homeowner insurance tailored to their living situations.

Susie, who has purchased a condo unit, is eligible for a condominium insurance policy, commonly known as an HO-6. This type of policy covers the interior of the condo, personal property, and liability, even though the building itself is generally under the condo association's master policy.

John, who buys a duplex and resides in one side, can obtain a standard Homeowners Policy (HO-3) because he is an owner-occupant. Homeowners insurance is designed for single-family residences, but it can also apply to multi-family dwellings as long as the owner occupies one unit.

Sam, who rents an apartment, would typically lean towards a renters insurance policy, which is different from a Homeowners Policy. However, if we interpret "eligible for a Homeowners Policy" broadly for potential coverage options, it could refer to available renters' insurance products with homeowners characteristics.

The inclusion of all these scenarios in the right choice recognizes the various forms of housing and insurance available, making it clear that eligibility for coverage can extend beyond