Dwelling Policy

Question 1

All the following are perils covered under the broad form dwelling policy EXCEPT

Answer 1

Theft

Question 2

Under a dwelling policy, which of the following clauses applies if an insured has lost one of the two matching silver candlesticks?

Answer 2

Pair or Set

Question 3

What type of property would NOT be covered under the dwelling policy special form Coverage A-Dwelling

Answer 3

Land on which dwelling is located

Question 4

In dwelling policies, automatic increase in insurance is

Answer 4

Coverage by endorsement

Question 5

What is the maximum number of roomers or boarders for properties insured under the dwelling policy?

Answer 5

5

Question 6

All of the following would be eligible for coverage under the dwelling policy EXCEPT

Answer 6

A house that has 5 residential units

Question 7

Within the first 60 days of coverage under a dwelling policy, how much notice is required for cancellation of a policy?

Answer 7

10 days

Question 8

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

Answer 8

The amount of insurance is at least 80% of it’s replacement cost at the time of loss.

Question 9

Which of the following claims would be included under the dwelling policy?

Answer 9

Fire damage to the insured’s rowboat stored in the attached garage.

Question 10

On a DP-3 dwelling property Special Form policy, the coverage provided for personal property is

Answer 10

The same as provided on the DP-2 Broad Form

Question 11

In a dwelling policy, which of the following is true regarding personal liability coverage?

Answer 11

It must be added as a supplement or written as a separate policy.

Question 12

Vandalism and malicious mischief would be covered if the insured’s premises have been vacant for no more than how many days?

Answer 12

60 days

Question 13

Which of the following property coverages would provide protection to contents damaged by fire?

Answer 13

Coverage C

Question 14

All of the following are other coverage under the dwelling policy EXCEPT

Answer 14

Earth Movement

Question 15

In a dwelling policy, which of the following is true regarding personal liability coverage?

Answer 15

It must be added as a supplement or written as a separate policy.

Question 16

An insured’s house is damaged by a fire and is uninhabitable. As a result, the insured has to rent an apartment until repairs are made. Which type of broad or special form coverage does the insured have?

Answer 16

Coverage E- Additional Living Expenses

Question 17

Under the dwelling policy, Coverage C- Personal Property is

Answer 17

Limited to covering a servant’s property while at the insured location

Question 18

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

Answer 18

DP-2 & DP-3

Question 19

If an insurer makes a change to broaden coverage in a dwelling policy while it is in effect, the changes will apply

Answer 19

Automatically

Question 20

Within how many years of a loss may an insured bring a lawsuit against an insurer, according to the dwelling policy?

Answer 20

2 years

Question 21

Which of the following dwelling coverages would provide coverage to a garage not attached to the primary insured dwelling?

Answer 21

Coverage B

Question 22

In a dwelling policy, which of the following other structures would be covered?

Answer 22

Rented to a neighbor for use as a private garage

Question 23

A basic dwelling policy automatically provides coverage against fire, lightning, and

Answer 23

Internal Explosion

Question 24

Which of the following is NOT true concerning the fair rental value coverage provided in a dwelling policy?

Answer 24

Loss or expense caused by the cancellation of a lease is covered.

Question 25

Under which of the following conditions can broad theft coverage be added to a dwelling policy?

Answer 25

If the insured is owner-occupant of the dwelling

Question 26

Assuming the insurer and insured agree to the amount payable for a loss covered under a dwelling policy, how soon after the insurer has received proof of loss must it make payment?

Answer 26

60 days