Dwelling Policies Exam Questions With
All Correct Answers 2025 Latest Update
2025
A Dwelling Property Basic form is named peril policy. All of the following are covered
perils in this standard policy, EXCEPT:
Loss as result of windstorm
Damage as result of an internal explosion
Damage resulting from hostile fire
Loss caused by a lightning strike CORRECT ANSWERS Loss as result of windstorm
Property removed is an other coverage that is automatically included in a dwelling
property form. The Dwelling Property Broad form provides this coverage for up to:
15 days
30 days
60 days
5 days CORRECT ANSWERS 30 days
Fire department service charges are covered as part of a dwelling property form in the
amount of:
$ 250
$ 1,000
$ 500
$ 2,000 CORRECT ANSWERS $ 500
All of the following policy provisions or coverages are automatically included in a
Dwelling Property Broad form, EXCEPT ?
Replacement cost provision
Theft coverage
Loss due to collapse
Property removed CORRECT ANSWERS Theft coverage
A dwelling policy is a monoline property insurance policy. One type of dwelling policy is
the Dwelling Property Special form which provides open peril coverage. Which of the
following is covered by this policy ?
Legal costs incurred when an insured is liable for an injury to another.
Damage that is caused by water that backs up through a sewer
Loss caused by a power failure off the premises
, Damage to covered property caused by a burglar CORRECT ANSWERS Damage to
covered property caused by a burglar
If an insured covered by a dwelling property form suffers a loss resulting from damage
caused by domestic animals, the claim filed with the insurer will be:
Partially paid
Paid
Declined
Paid less the deductible CORRECT ANSWERS Declined
Each of the following is an other coverage that is included in a dwelling property form,
EXCEPT:
Debris removal
Fire department service charges
Additional living expenses
Collapse coverage CORRECT ANSWERS Additional living expenses
A dwelling policy provides property insurance coverage for damage to an insured's
home and personal property. If this policy is written on an open peril basis and the
insured suffers a loss by theft of attached building materials, how will the insurer
respond to the claim ?
Limit coverage to the market value of the stolen property
Pay the loss
Pay the loss less the deductible
Decline the claim since theft is not a covered peril CORRECT ANSWERS Pay the loss
less the deductible
An insured may not take legal action against an insurer unless:
He or she has an insurable interest at the time of application
He or she has not engaged in concealment or fraud
He or she has given prompt notice to the insurer
He or she has complied with all policy provisions CORRECT ANSWERS He or she has
complied with all policy provisions
Which of the following coverage parts may be included in a Dwelling Property Special
form but is not available to be added to a Dwelling Property Basic form ?
Contents coverage
Reasonable repairs
Fair rental value
Additional living expenses CORRECT ANSWERS Additional living expenses
All Correct Answers 2025 Latest Update
2025
A Dwelling Property Basic form is named peril policy. All of the following are covered
perils in this standard policy, EXCEPT:
Loss as result of windstorm
Damage as result of an internal explosion
Damage resulting from hostile fire
Loss caused by a lightning strike CORRECT ANSWERS Loss as result of windstorm
Property removed is an other coverage that is automatically included in a dwelling
property form. The Dwelling Property Broad form provides this coverage for up to:
15 days
30 days
60 days
5 days CORRECT ANSWERS 30 days
Fire department service charges are covered as part of a dwelling property form in the
amount of:
$ 250
$ 1,000
$ 500
$ 2,000 CORRECT ANSWERS $ 500
All of the following policy provisions or coverages are automatically included in a
Dwelling Property Broad form, EXCEPT ?
Replacement cost provision
Theft coverage
Loss due to collapse
Property removed CORRECT ANSWERS Theft coverage
A dwelling policy is a monoline property insurance policy. One type of dwelling policy is
the Dwelling Property Special form which provides open peril coverage. Which of the
following is covered by this policy ?
Legal costs incurred when an insured is liable for an injury to another.
Damage that is caused by water that backs up through a sewer
Loss caused by a power failure off the premises
, Damage to covered property caused by a burglar CORRECT ANSWERS Damage to
covered property caused by a burglar
If an insured covered by a dwelling property form suffers a loss resulting from damage
caused by domestic animals, the claim filed with the insurer will be:
Partially paid
Paid
Declined
Paid less the deductible CORRECT ANSWERS Declined
Each of the following is an other coverage that is included in a dwelling property form,
EXCEPT:
Debris removal
Fire department service charges
Additional living expenses
Collapse coverage CORRECT ANSWERS Additional living expenses
A dwelling policy provides property insurance coverage for damage to an insured's
home and personal property. If this policy is written on an open peril basis and the
insured suffers a loss by theft of attached building materials, how will the insurer
respond to the claim ?
Limit coverage to the market value of the stolen property
Pay the loss
Pay the loss less the deductible
Decline the claim since theft is not a covered peril CORRECT ANSWERS Pay the loss
less the deductible
An insured may not take legal action against an insurer unless:
He or she has an insurable interest at the time of application
He or she has not engaged in concealment or fraud
He or she has given prompt notice to the insurer
He or she has complied with all policy provisions CORRECT ANSWERS He or she has
complied with all policy provisions
Which of the following coverage parts may be included in a Dwelling Property Special
form but is not available to be added to a Dwelling Property Basic form ?
Contents coverage
Reasonable repairs
Fair rental value
Additional living expenses CORRECT ANSWERS Additional living expenses
