Dwelling Policy Test Questions with Answers Graded A+
a house insured under a dwelling policy has ANSWER -coverage A is for all-risk perils,
been vacant for 70 consecutive days. which of and Coverage C is for the broad form perils
the following statements is true? -
ANSWER -loss by vandalism and malicious
mischief is excluded an insured has a special form dwelling policy
written for $100,000 on a dwelling. the dwelling's
replacement cost is $115,000. fire causes
replacement cost coverage is provided in both $75,000 in damage to the dwelling, $15,000
the broad and special form dwelling policies damage to a separate garage, and kills 10 trees
when - ANSWER -the amount of insurance valued at $600 each. how much will the policy
on the dwelling is at least 80% of its replacement pay for the trees? - ANSWER -$5,000
cost at the time of loss
how much is the premium for the dwelling under
which of the following dwelling policies insures a construction endorsement under the dwelling
structure on an actual cash value basis? - policy? - ANSWER -the average amount of
ANSWER -dp-1 insurance during construction
in which of the following situations would off- all of the following would be eligible for coverage
premises coverage in a broad theft endorsement under the dwelling policy except? -
apply? - ANSWER -the insured's camera is ANSWER -a house that has 5 families living
stolen from his vacation home while he is there in it
under the additional living expenses coverage, if under the dwelling policy, Coverage C- Personal
a civil authority prohibits the insured from using Property is - ANSWER -limited to coverage
the dwelling because of direct damage to a a servant's property while at the insured location
neighboring location from a peril covered in the
insured's policy, loss would be covered for up to -
ANSWER -2 weeks all of the following are other coverages included
in both the broad and special form dwelling policy
except - ANSWER -theft of personal
an insured is in his garage with his 2 friends property
when some shelving loaded with heavy objects
collapses and falls on them. all three of them are
experiencing back pain, so they go to an if an individual insures his dwelling and contents
emergency room where MRI's are performed at a under a dp-3, he would be protected against loss
cost of $750 each. how much will the medical by all of the following perils except -
expense coverage of the insured's dwelling pay ANSWER -theft of personal property
for these cost? - ANSWER -$1,500 located in the dwelling
which of the following statements is true which of the following would be covered under
concerning the special form dwelling policy? - the broad form (dp-2) policy's falling object peril?
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a house insured under a dwelling policy has ANSWER -coverage A is for all-risk perils,
been vacant for 70 consecutive days. which of and Coverage C is for the broad form perils
the following statements is true? -
ANSWER -loss by vandalism and malicious
mischief is excluded an insured has a special form dwelling policy
written for $100,000 on a dwelling. the dwelling's
replacement cost is $115,000. fire causes
replacement cost coverage is provided in both $75,000 in damage to the dwelling, $15,000
the broad and special form dwelling policies damage to a separate garage, and kills 10 trees
when - ANSWER -the amount of insurance valued at $600 each. how much will the policy
on the dwelling is at least 80% of its replacement pay for the trees? - ANSWER -$5,000
cost at the time of loss
how much is the premium for the dwelling under
which of the following dwelling policies insures a construction endorsement under the dwelling
structure on an actual cash value basis? - policy? - ANSWER -the average amount of
ANSWER -dp-1 insurance during construction
in which of the following situations would off- all of the following would be eligible for coverage
premises coverage in a broad theft endorsement under the dwelling policy except? -
apply? - ANSWER -the insured's camera is ANSWER -a house that has 5 families living
stolen from his vacation home while he is there in it
under the additional living expenses coverage, if under the dwelling policy, Coverage C- Personal
a civil authority prohibits the insured from using Property is - ANSWER -limited to coverage
the dwelling because of direct damage to a a servant's property while at the insured location
neighboring location from a peril covered in the
insured's policy, loss would be covered for up to -
ANSWER -2 weeks all of the following are other coverages included
in both the broad and special form dwelling policy
except - ANSWER -theft of personal
an insured is in his garage with his 2 friends property
when some shelving loaded with heavy objects
collapses and falls on them. all three of them are
experiencing back pain, so they go to an if an individual insures his dwelling and contents
emergency room where MRI's are performed at a under a dp-3, he would be protected against loss
cost of $750 each. how much will the medical by all of the following perils except -
expense coverage of the insured's dwelling pay ANSWER -theft of personal property
for these cost? - ANSWER -$1,500 located in the dwelling
which of the following statements is true which of the following would be covered under
concerning the special form dwelling policy? - the broad form (dp-2) policy's falling object peril?
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