DWELLING POLICY | 100% Accurate Solutions.
DP1 (BASIC) COVERAGES correct answers FIRE, LIGHTNING, INTERNAL EXPLOSION.
VM&M BY ENDORSEMENT ONLY
DP2 (BROAD) COVERAGES correct answers ALL DP1 PLUS WC SHAVVER, BIG AFFECT
DP2 (SPECIAL) COVERAGES correct answers OPEN PERILS ON DWELLING/BROAD
PERILS ON PERSONAL PROPERTY
WHAT IS HOSTILE FIRE? correct answers SPREAD FROM INTENDED ORIGIN, SUDDEN
& UNEXPECTED, RAPID OXIDATION
WHO IS ELIGIBLE FOR DWELLING POLICY? correct answers 1-4 FAMILY HOUSES,
MAX 5 BOARDERS, PERMANENTLY INSTSALLED MOBILE HOMES
WC SHAVVER correct answers WINDSTORM, CIVIL COMMOTION, SMOKE, HAIL,
AIRCRAFT, VEHICLES, VOLCANO, EXPLOSION, RIOT
BIG AFFECT correct answers BURGLARY, ICE AND SNOW WEIGHT, GLASS
BREAKAGE, ACCIDENTAL DISCHARGE OF WATER, FALLING, FREEZING,
ELECTRICAL, COLLAPSE, TEARING APART
WHAT IS TIME LIMIT OF VACANCY FOR VM&M TO APPLY? correct answers 60 DAYS
WHAT IS COVERAGE A? correct answers DWELLING AND ATTACHED STRUCTURES
HOW ARE COVERAGE A LOSSES PAID UNDER DP1? correct answers ACV
HOW ARE COVERAGE A LOSSES PAID UNDER DP2 & DP3? correct answers
REPLACEMENT COST
WHAT IS COVERAGE B? correct answers OTHER STRUCTURES
HOW MUCH COVERAGE APPLIES TO COVERAGE B FOR DP2 & DP3? correct answers
10% OF COVERAGE A (ADDITIONAL AMOUNT)
HOW MUCH COVERAGE APPLIES TO COVERAGE B FOR DP1? correct answers 10% OF
COVERAGE A (INCLUSIVE AMOUNT)
WHAT IS COVERAGE C? correct answers PERSONAL PROPERTY
DOES COVERAGE C COST EXTRA? correct answers YES
HOW ARE LOSSES VALUATED ON COVERAGE C? (FOR ALL FORMS) correct answers
ACV
DP1 (BASIC) COVERAGES correct answers FIRE, LIGHTNING, INTERNAL EXPLOSION.
VM&M BY ENDORSEMENT ONLY
DP2 (BROAD) COVERAGES correct answers ALL DP1 PLUS WC SHAVVER, BIG AFFECT
DP2 (SPECIAL) COVERAGES correct answers OPEN PERILS ON DWELLING/BROAD
PERILS ON PERSONAL PROPERTY
WHAT IS HOSTILE FIRE? correct answers SPREAD FROM INTENDED ORIGIN, SUDDEN
& UNEXPECTED, RAPID OXIDATION
WHO IS ELIGIBLE FOR DWELLING POLICY? correct answers 1-4 FAMILY HOUSES,
MAX 5 BOARDERS, PERMANENTLY INSTSALLED MOBILE HOMES
WC SHAVVER correct answers WINDSTORM, CIVIL COMMOTION, SMOKE, HAIL,
AIRCRAFT, VEHICLES, VOLCANO, EXPLOSION, RIOT
BIG AFFECT correct answers BURGLARY, ICE AND SNOW WEIGHT, GLASS
BREAKAGE, ACCIDENTAL DISCHARGE OF WATER, FALLING, FREEZING,
ELECTRICAL, COLLAPSE, TEARING APART
WHAT IS TIME LIMIT OF VACANCY FOR VM&M TO APPLY? correct answers 60 DAYS
WHAT IS COVERAGE A? correct answers DWELLING AND ATTACHED STRUCTURES
HOW ARE COVERAGE A LOSSES PAID UNDER DP1? correct answers ACV
HOW ARE COVERAGE A LOSSES PAID UNDER DP2 & DP3? correct answers
REPLACEMENT COST
WHAT IS COVERAGE B? correct answers OTHER STRUCTURES
HOW MUCH COVERAGE APPLIES TO COVERAGE B FOR DP2 & DP3? correct answers
10% OF COVERAGE A (ADDITIONAL AMOUNT)
HOW MUCH COVERAGE APPLIES TO COVERAGE B FOR DP1? correct answers 10% OF
COVERAGE A (INCLUSIVE AMOUNT)
WHAT IS COVERAGE C? correct answers PERSONAL PROPERTY
DOES COVERAGE C COST EXTRA? correct answers YES
HOW ARE LOSSES VALUATED ON COVERAGE C? (FOR ALL FORMS) correct answers
ACV
