HOI Quiz
HOI Policy Knowledge Quiz
Test your understanding of Homeowners Insurance (HOI) policies with this interactive quiz! Whether you're a beginner or an expert, this quiz will help you gauge your knowledge and improve your understanding of crucial insurance concepts.
- 10 challenging multiple choice questions
- Immediate feedback on your answers
- Perfect for anyone involved in insurance or real estate
How long does an HOI policy need to be good for?
6 months
3 months
1 year
2 years
When do we need a renewal policy?
When the policy expires
If the policy expires within 60 days
Never
Always
What main 2 items are we changing no the HOI policy?
Mortgagee Clause
Coverage amount
Loan amount
Loan number
What must we always get with the dec page?
Renewal
Certificate of insurance
PIF/Invoice
What do we need to always use to check the dec page before uploading it to the loan?
Encompass
Google
HOI Checklist
Who do we call to update the Mortgagee clause and loan number?
The SR
The CES
The insurance agent
The borrower
The premium on the dec page needs to match what doc?
The loan amount
The PIF/Invoice
The mortgage amount
When do we need an RCE
Always
Never
When the Dwelling A coverage does not meet the loan amount
Your loan amount is 350K and the dwelling A coverage is 250K, What do we also need to get?
Renewal`
Invoice/ PIF
RCE
What do you need to do before completing the HOI service?
Leave your notes
Fill out the service tracker
Complete the loan
Assign a case number
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