Dwelling Coverages

Question 1

Which coverage covers the following:

Dwelling & attached structures
Materials to repair
Building & outdoor equipment

Answer 1

Coverage A (Dwelling)

Question 2

Which coverage covers the following:

Other structures NOT attached to the dwelling

Answer 2

Coverage B (Other Structures)

Question 3

The limit of insurance for coverage B is ____

Answer 3

10% of Coverage A

Question 4

Which coverage are the following properties excluded from:

Accounts, bank notes, bills
Birds, animals or fish
Aircraft
Motor vehicles

Answer 4

Coverage C (Personal Property)

Question 5

Which coverage covers the following:

Loss in rental value sustained by the insured if the covered loss under Coverages A-C makes the dwelling unfit for normal use

Answer 5

Coverage D (Fair Rental Value)

Question 6

The insurance limit of Coverage D is ____

Answer 6

20% of the Coverage A limit

Question 7

True or False

Coverage E is automatically included in the DP-2 & DP-3 forms

Answer 7

True

Question 8

Which coverage covers necessary increases in living expenses when the when a loss makes the unit un-livable?

Answer 8

Coverage E (Additional Living Expenses)

Question 9

True or False

Coverage E includes continuing expenses

Answer 9

False

Question 10

The Coverage E insurance limit is ____

Answer 10

20% of Coverage A