Chapter 4 - Homeowners DP-3 Special Form

Question 1

DP - 3 Special Form - dwelling coverage is on an ______ ______ basis.

Answer 1

open perils - covers all causes of loss except those specifically excluded.

Question 2

DP-3 Special Form covers _______

Answer 2

collapse

Question 3

DP - 3 Special Form covers freezing, _______, ______ of water/ice

Answer 3

thawing, weight

Question 4

DP-3 Special Form covers theft of property ______ ______

Answer 4

under construction

Question 5

DP-3 Special Form covers wind, ____, ice, snow or _____

Answer 5

hail, sleet

Question 6

DP-3 Special Form covers VMM (______) or _____ if vacant 60 or more days

Answer 6

vandalism and malicious mischief, theft

Question 7

DP-3 Special Form covers constant/repeated _____ from plumbing, heating, AC, fire protection and appliances

Answer 7

leakage

Question 8

DP-3 Special form covers _____/_____ and deterioration

Answer 8

wear/tear

Question 9

DP-3 Special form covers by _______ basis for dwellings and structures

Answer 9

replacement cost

Question 10

DP-3 Special form covers contents by a _____ form perils.

Answer 10

broad

Question 11

DP-3 Special form covers by _______ basis on personal property

Answer 11

actual cash value (vacancy not included)

Question 12

DP-3 Special form has coverage for additional living expenses only under ____ & _____

Answer 12

DP-2 & DP-3

Question 13

DP-3 Special Form covers up to ___% of coverage C limit towards personal property anywhere in the world.

Answer 13

10%