Dwelling & Homeowners Flashcards
Which of the following is not eligible under the dwelling program?
A) Dwelling has 5 roomer
B) Dwelling has 4 apartment units
C) Dwelling includes a piano school
D) Dwelling is located on a farm
D) Dwelling is located on a farm
Which of the following dwelling program forms covers the building on an open peril basis?
A) DP-1 Basic form
B) DP-2 Broad form
C) DP-3 Special form
D) DP-4 Liability form
C) Special form
Which of the following dwelling forms pays for losses to the dwelling on an actual cash value basis?
A) DP-1 Basic form
B) DP-2 Broad form
C) DP-3 Special form
D) DP-4 Liability form
A) DP-1 Basic form
An attached carport is covered under which of the following coverages?
A) Coverage A - Dwelling
B) Coverage B - Other structures
C) Coverage C - Personal Property
D) Fair Rental Value
A) Coverage A - Dwelling
All of the following are covered under Coverage B - Other Structures EXCEPT:
A) Swimming pool
B) Construction Material
C) Shed
D) Storage building
B) Construction material
Which coverage pays for the loss of rent due to direct loss to the dwelling from a covered peril?
A) Coverage B - Other Structures
B) Coverage C - Personal Property
C) Coverage D - Fair rental Value
D) Coverage E - Additional living expense
C) Coverage D - Fair rental value
All of the following are types of property NOT covered under Coverage C - Personal property EXCEPT:
A) A dog
B) Canoe
C) Motor Vehicles
D) Credit Cards or fund transfer cards
B) Canoe
The limit of insurance for the Other Coverage Trees, Shrubs, and Other Plants is provided at which percentage of the Coverage A limit?
A) 5%
B) 10%
C) 50%
D) 100%
A) 5%
Which of the following is NOT true about coverage for Property Removed?
A) Property is covered while being removed from the premises to avoid a covered loss
B) Coverage applies under the DP-3 form for 30 days while the property is removed
C) Coverage does not increase the limit of insurance that applies to the property removed
D) Property coverage applies under the DP-1 policy for 30 days while the property is removed
D) Property coverage applies under the DP-1 policy for 30 days while the property is removed
Which of the following does NOT apply to the Other Coverage Glass or Safety Glazing Material?
A) Covers glass that is part of a covered structure
B) Applies to all dwelling forms
C) No coverage applies if a dwelling is vacant for 60 consecutive days before the loss
D) May be settled on a replacement cost basis
B) Applies to all dwelling forms
The Earth Movement exclusion contains all of the following perils, EXCEPT:
A) Mudflow
B) Explosion
C) Landslide
D) Earthquake
B) Explosion
What type of power failure is excluded under all of the dwelling forms?
A) Power failure that occurs on the insured premises
B) Power failure that causes a fire to a neighboring property
C) Power failure that occurs off the insured premises
D) Power failure that causes a fire on the described location
C) Power failure that occurs off the insured premise
All of the following statements are TRUE about the Broad Theft Coverage endorsement, EXCEPT:
A) It does not apply to the DP-1
B) Both on- and off- premises coverage is available
C) Theft and attempted theft are covered
D) Resulting damage caused by malicious mischief and vandalism is covered
A) It does not apply to the DP-1
The Personal Liability endorsement includes each of the following additional coverages, EXCEPT:
A) First aid expenses
B) Damage to the property of others
C) Claims expenses
D) Debris removal
D) Debris removal
The automatic increase in insurance endorsement typically increases Coverages A and B by which of the following?
A) A flat amount
B) A percentage designed on the endorsement
C) $10,000
D) $25,000
B) A percentage designed on the endorsement