Dwelling Policy || with Complete Solutions.
In a dwelling policy, which of the following is true regarding personal liability coverage?
A. It must be added as a supplement or written as a separate policy.
B. It does not cover medical payments to others.
C. It is included in all dwelling policies.
D. It is the same as in homeowners' policies. correct answers A. It must be added as a
supplement or written as a separate policy.
**Dwelling does not include any personal liability coverage.
Which of the following statements is true concerning the special form dwelling policy?
A. Coverage A is for all-risk perils, and Coverage C is for basic perils only.
B. Coverage A is for all-risk perils, and Coverage C is for the broad form perils.
C. Both Coverage A and Coverage C are provided on an all-risk basis.
D. Both Coverage A and Coverage C are provided for the broad form perils. correct answers B.
Coverage A is for all-risk perils, and Coverage C is for the broad form perils.
If an insurer makes a change to broaden coverage in a dwelling policy while it is in effect, the
changes will apply
A. Within 60 days.
B. Automatically.
C. When the new policy is written.
D. When the policy is up for renewal. correct answers B. Automatically
The removal coverage that is included in the broad form dwelling policy will cover property
temporarily removed from the premises to protect it from damage for how long? correct answers
30 days
All of the following are perils covered under the broad form dwelling policy EXCEPT
A. Collapse.
B. Theft.
C. Fire.
D. Lightning. correct answers B. Theft
Under the dwelling policy form, what is the maximum time limit during which multiple volcanic
activities would be considered part of one occurrence? ** HINT: hours correct answers 72 hours
Which of the following claims would be included under the dwelling policy?
A. Theft of the insured's auto from the detached garage
B. Death to the insured's pet caused by smoke inhalation
, C. Fire damage to the insured's rowboat stored in the attached garage
D. Fire damage to a garage located on the insured premises used as an auto repair shop correct
answers C. Fire damage to the insured's rowboat stored in the attached garage
**Rowboats = personal property under dwelling
Which property coverage (A,B,C or D) would provide protection to contents damaged by fire?
correct answers Coverage C- Personal Property provides coverage for the contents of an insured
dwelling
Which dwelling coverages would provide coverage to a garage not attached to the primary
insured dwelling? correct answers Coverage B- Other structures covers premises not attached to
primary dwelling, except by fence or utility line
Which of the following would provide coverage for loss of income when an insured rental
dwelling is rendered uninhabitable because of a covered loss? correct answers Coverage D- Fair
Rental Value
Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost property, it
must inform the insured within how many days of receiving proof of loss? correct answers 30
days
How much is the premium for the dwelling under construction endorsement under the dwelling
policy?
A. The average amount of insurance during construction
B. 75% of the gross premium
C. The full value of the house
D. 50% of the actual value premium correct answers A. The average amount of insurance during
construction
The removal coverage included in the broad form dwelling policy will cover property
temporarily removed from the premises to protect it from damage for how long? correct answers
30 days
All of the following are other coverages included in both the broad and special form dwelling
policy EXCEPT
A. Theft of personal property.
B. Collapse.
C. Breakage of glass.
D. Lawns, trees, shrubs, and plants. correct answers A. Theft of personal property
** Can only be included via endorsement
In a dwelling policy, which of the following is true regarding personal liability coverage?
A. It must be added as a supplement or written as a separate policy.
B. It does not cover medical payments to others.
C. It is included in all dwelling policies.
D. It is the same as in homeowners' policies. correct answers A. It must be added as a
supplement or written as a separate policy.
**Dwelling does not include any personal liability coverage.
Which of the following statements is true concerning the special form dwelling policy?
A. Coverage A is for all-risk perils, and Coverage C is for basic perils only.
B. Coverage A is for all-risk perils, and Coverage C is for the broad form perils.
C. Both Coverage A and Coverage C are provided on an all-risk basis.
D. Both Coverage A and Coverage C are provided for the broad form perils. correct answers B.
Coverage A is for all-risk perils, and Coverage C is for the broad form perils.
If an insurer makes a change to broaden coverage in a dwelling policy while it is in effect, the
changes will apply
A. Within 60 days.
B. Automatically.
C. When the new policy is written.
D. When the policy is up for renewal. correct answers B. Automatically
The removal coverage that is included in the broad form dwelling policy will cover property
temporarily removed from the premises to protect it from damage for how long? correct answers
30 days
All of the following are perils covered under the broad form dwelling policy EXCEPT
A. Collapse.
B. Theft.
C. Fire.
D. Lightning. correct answers B. Theft
Under the dwelling policy form, what is the maximum time limit during which multiple volcanic
activities would be considered part of one occurrence? ** HINT: hours correct answers 72 hours
Which of the following claims would be included under the dwelling policy?
A. Theft of the insured's auto from the detached garage
B. Death to the insured's pet caused by smoke inhalation
, C. Fire damage to the insured's rowboat stored in the attached garage
D. Fire damage to a garage located on the insured premises used as an auto repair shop correct
answers C. Fire damage to the insured's rowboat stored in the attached garage
**Rowboats = personal property under dwelling
Which property coverage (A,B,C or D) would provide protection to contents damaged by fire?
correct answers Coverage C- Personal Property provides coverage for the contents of an insured
dwelling
Which dwelling coverages would provide coverage to a garage not attached to the primary
insured dwelling? correct answers Coverage B- Other structures covers premises not attached to
primary dwelling, except by fence or utility line
Which of the following would provide coverage for loss of income when an insured rental
dwelling is rendered uninhabitable because of a covered loss? correct answers Coverage D- Fair
Rental Value
Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost property, it
must inform the insured within how many days of receiving proof of loss? correct answers 30
days
How much is the premium for the dwelling under construction endorsement under the dwelling
policy?
A. The average amount of insurance during construction
B. 75% of the gross premium
C. The full value of the house
D. 50% of the actual value premium correct answers A. The average amount of insurance during
construction
The removal coverage included in the broad form dwelling policy will cover property
temporarily removed from the premises to protect it from damage for how long? correct answers
30 days
All of the following are other coverages included in both the broad and special form dwelling
policy EXCEPT
A. Theft of personal property.
B. Collapse.
C. Breakage of glass.
D. Lawns, trees, shrubs, and plants. correct answers A. Theft of personal property
** Can only be included via endorsement
