Dwelling & Homeowners Flashcards

1
Q

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

A

D) Dwelling is located on a farm

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2
Q

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

A

C) Special form

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3
Q

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

A) DP-1 Basic form

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4
Q

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

A) Coverage A - Dwelling

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5
Q

All of the following are covered under Coverage B - Other Structures EXCEPT:

A) Swimming pool
B) Construction Material
C) Shed
D) Storage building

A

B) Construction material

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6
Q

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

A

C) Coverage D - Fair rental value

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7
Q

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

A

B) Canoe

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8
Q

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

A) 5%

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9
Q

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

A

D) Property coverage applies under the DP-1 policy for 30 days while the property is removed

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10
Q

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

A

B) Applies to all dwelling forms

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11
Q

The Earth Movement exclusion contains all of the following perils, EXCEPT:

A) Mudflow
B) Explosion
C) Landslide
D) Earthquake

A

B) Explosion

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12
Q

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

A

C) Power failure that occurs off the insured premise

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13
Q

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

A) It does not apply to the DP-1

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14
Q

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

A

D) Debris removal

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15
Q

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

A

B) A percentage designed on the endorsement

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16
Q

An owner of a condominium unit would would purchase which Homeowner form?

A) HO-2, Broad Form
B) HO-4, Contents Broad Form
C) HO-6, unit-owners form
D) HO-8, Modified Coverage Form

A

C) HO-6, Unit-owners forms

17
Q

In what way is the HO-5, Comprehensive Form, different from the HO-3, Special Form?

A) Personal property is valued at actual cash value
B) Personal property is insured on an open peril basis
C) The dwelling is valued at replacement cost
D) The dwelling is insured on an open peril basis

A

B) Personal property is insured on an open peril basis

18
Q

A related, full-time student away at school and under what age is considered an insured on the Homeowner policy?

A) 18
B) 19
C) 20
D) 24

A

D) 24

19
Q

Coverage A - dwelling does not cover vandalism and malicious mischief if the dwelling has been vacant for how many days?

A) 20
B) 30
C) 60
D) 90

A

C) 60

20
Q

The amount of insurance provided for Coverage C is what percentage of Coverage A on a HO-3, Special Form?

A) 15%
B) 25%
C) 35%
D) 50%

A

D) 50%

21
Q

All of the following special limits of Coverage C are correct EXCEPT:

A) $200 for money
B) $2,500 for theft of firearms
C) $1,500 for a trailer not used with watercraft
D) $2,500 for business property away from premises

A

D) $2,500 for business away from premises

22
Q

The automatic limit for Coverage D - Fair rental value is what percentage of Coverage A under an HO-3, Special Form?

A) 10
B) 20
C) 30
D) 50

A

C) 30

23
Q

The landlord’s furnishings endorsement provides up to $_____ of coverage

A) 500
B) 1,000
C) 2,000
D) 2,500

A

D) 2,500

24
Q

Which of the following is a Section I exclusion in the Homeowner policy?

A) Government Action
B) Property Removed
C) Loss Assessment
D) Debris Removal

A

A) Government Action

25
Q

The Water Back Up and Sump Discharge or Overflow endorsement provides how much coverage for damaged property?

A) $2,500
B) $5,000
C) $7,500
D) $10,000

A

B) $5,000

26
Q

All of the following are covered by Coverage F - Medical Payments to Others, EXCEPT:

A) An injury to the insured while mowing the lawn
B) A Neighbor’s injury caused by an insured’s activity
C) An injury to another person caused by a residence employee while mowing the lawn
D) A guest is injured while visiting the insured at home

A

A) An injury to the insured while mowing the lawn

27
Q

Section II Additional Coverages includes Damage to Property of Others for what limit of insurance?

A) $15,000
B) $12,500
C) $1,000
D) $500

A

C) $1,000

28
Q

Which of the following is excluded under the Section II exclusions?

A) Vehicle in dead storage
B) Motorized golf cart approved for use while golfing
C) Non-owned vehicle used off public roads
D) Vehicle used to assist the handicapped and parked in a public lot

A

D) Vehicle used to assist the handicapped and parked in a public lot

29
Q

The duties required of an injured person seeking coverage under Medical Payments to Others include all of the following, EXCEPT:

A) Promptly notify the insurer of any notice or demand
B) Submit to a physical exam by the insurer’s physician
C) Cooperate with the insurer
D) Help the insurer in settling the claim

A

D) Help the insurer in settling the claim

30
Q

Which of the following boats is covered under the watercraft liability endorsement?

A) A watercraft rented to another person
B) A 20-foot sail boat
C) A jet boat
D) A boat used to practice for a race

A

B) A 20-foot sail boat