3 - Dwelling Policy

Question 1

Name everything in BB BICE-GOLF (Broad form coverage perils)

Answer 1

Bursting of heating systems
Burglary damage

Breaking of weater heaters
Ice, snow or sleet weight
Collapse of building or part of building
Electrical damage (Artificially generated)

Glass breakage
Objects falling from outside
Leakage of water or steam damage
Freezing of plumbing

Question 2

WHARVES stands for

Answer 2

Windstorm
Hail
Aircraft
Riot/Civic Commotion
Volcanic Eruption
Explosion
Smoke

Question 3

WC SHAVER

Answer 3

Windstorm
Civic Commotion
Smoke
Hail
Aircraft
Vehicles and Volcano
Explosion
Riots

Question 4

What are the three coverage forms available under the dwelling program?

Answer 4

Basic
Broad
Special Form

Question 5

Basic and Broad are _____ peril forms….

Answer 5

Named peril

Question 6

Special is a ______ peril form…

Answer 6

an open peril form

Question 7

Replacement cost coverage is provided in both the broad and special form dwelling policies when……

Answer 7

The amount of insurance on the dwelling is at least 80% of its replacement cost at the time of the loss

Question 8

A house insured by dwelling policy has been vacant for 70 consecutive days. What would be excluded?

Answer 8

Loss by vandalism and malicious mischief

Question 9

How much is the premium for the dwelling under construction endorsements in the dwelling policy?

Answer 9

The average amount of insurance during construction

Question 10

Name coverages in order

Answer 10

Dwelling
Other Structures
Personal Property
Fair Rent
Additonal Expenses
???

Question 11

All volcanic activities will be considered one eruption if they occur within a _____ hour policy under the dwelling policy.

Answer 11

72 hours

Question 12

All of the following are exclusions that apply in all three types of dwelling policies EXCEPT

fire & lightning
water damage
earth movement
government action

Answer 12

FIRE AND LIGHTNING

Question 13

Which of the following dwelling coverage forms would pay replacement cost for the dwelling?

DP-2 & DP-3
DP-3 only
All the dwelling property coverage forms
DP-1 only

Answer 13

DP2 and DP3

Question 14

The removal coverage that is included in the broad form dwelling policy will cover property temporarily removed from the premisis to protect it from damage for how long

Answer 14

30 days

Question 15

Coverage A is for _____ perils

Answer 15

All risk

Question 16

Coverage C is for ____ form perils

Answer 16

broad form perils

Question 17

All of the following are other coverages included in both the broad and special form dwelling policy EXCEPT

Theft of personal property
collapse
breakage of glass
lawns, shrubs, trees and plants

Answer 17

Theft of personal policy

Question 17

All of the following are other coverages included in both the broad and special form dwelling policy EXCEPT

Theft of personal property
collapse
breakage of glass
lawns, shrubs, trees and plants

Answer 17

Theft of personal policy

Question 18

Earth movement is or is not a coverage under dwelling policy?

Answer 18

Is NOT

Question 19

What is Coverage E?

Answer 19

Additional Living expenses

Question 20

What covers protection to contents damaged by fire?

Answer 20

Coverage C

Question 21

Which of the following losses would be covered by an unendorsed homeowners policy?

Collapse caused by earthquake
Fire or lightening
Faulty or defective zoning
Theft in a structure under construction

Answer 21

Fire or lightning

Question 22

Which of the following homeowners endorsements covers liability exposures arising from an incidental business conducted within a building on a residence premises?

Special limit of liability
Professional liability
Business income - report of value
Permitted incidental occupancies

Answer 22

Permitted incidental occupancies

Question 23

Which of the following would not be covred by medical payments to others in Section II of your HO policy?

You are walking your neighbors dog and it bites someone
You let neighbors play football in your yard and someone gets hurt
You are weed wacking in your backyard with your neighbors weed whacker
Your childs nanny falls down your stairs

Answer 23

You are weed wacking in your backyard with your neighbors weed whacker

Question 24

Which of the following would NOT be considered part of the insured location under the liability section of your homeowners policy?

Vacant farmland owned by insured
A residence where the insured is temporarily residing
A family cemetary plot
A lakeside cabin rented by the insured for vacation

Answer 24

Vacant farmland owned by the insured

Question 25

The insured purchases a scheduled personal property endorsement for her expensive jewelry. When the insured adds this to her homeowners policy, which of the following statements is correct?

The amount of cov. will be doubled
Coverage C will no longer apply
The endorsement becomes excess cov.
The endorsement becomes primary and the HO secondary

Answer 25

Coverage C will no longer apply

Question 26

The personal injury liability endorsement to an HO policy applies to all the following EXCEPT

invasion of privacy
False arrest
A third party breaks a leg when insured knocks them down
Slander

Answer 26

A third party breaks a leg when insured knocks them down

**a broken leg is covered by personal liability coverage

Question 27

Under the H04 and H06 homeowners policy forms property is insured against…. __________ form perils

Answer 27

Broad form perils

Question 28

The main difference between H04 and H06 is….

Answer 28

H06 provides limited dwelling coverage as well as contents coverage

Question 29

Which of the following liability coverages must be added by endorsement to a homeowners policy in order to apply?

Property damage liability
Medical Payments to others
Personal injury
Bodily injury

Answer 29

Personal injury