Florida Insurance Licensing Practice Exam

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Which of the following is NOT eligible for a Homeowners Policy?

  1. A person who rents an apartment

  2. A condominium owner

  3. Owner-occupant of a four-family dwelling

  4. A beach house owned by ACME Corporation

The correct answer is: A beach house owned by ACME Corporation

Option A is eligible for a renters insurance policy, which is different from a homeowners policy. Option B may be eligible for a homeowners policy, as long as the condo association's insurance policy covers the shared areas of the building. Option C is eligible for a homeowners policy since the owner occupies one unit in the four-family dwelling. Option D, a beach house owned by a corporation, is not eligible for a homeowners policy because corporations are not personal, individual entities that live in or own property. Additionally, beach houses may require specialty insurance policies due to the higher risk of damage from weather events.

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