Personal Lines Insurance - Iowa License Exam Manual
Questions with Correct Answers 2025/2026
The Dwelling Policy covers... - CORRECT ANSWER -Property coverage only
A Dwelling policy would NOT cover... - CORRECT ANSWER -A dwelling with more than four
apartments
Dwelling policies could NOT be used to insure... - CORRECT ANSWER -a dwelling with more than
five boarders
Property eligible for the Dwelling Policy may include... - CORRECT ANSWER -dwellings having up
to five apartments
The Dwelling Policy would NOT cover an incidental business such as a - CORRECT ANSWER -
woodworking business in the garage
Insured persons under the Dwelling Policy include - CORRECT ANSWER -the named insured's
spouse only while living in the same household
Coverage A - Dwelling under the Dwelling Policy does NOT cover - CORRECT ANSWER -detached
garages
Personal property coverage under the Dwelling Policy is paid on what basis - CORRECT ANSWER
-Actual Cash Value
Personal property coverage under the Dwelling Policy at a new residence location applies for... -
CORRECT ANSWER -30 days
,Coverage C - Personal Property under the Dwelling Policy excludes or limits all of the following
property EXCEPT - CORRECT ANSWER -Rowboats and canoes located on the premises
The Basic Dwelling Form DP-1does NOT cover... - CORRECT ANSWER -Falling Objects
The Dwelling Form Basic DP-1 "extended coverage perils" would NOT include... - CORRECT
ANSWER -collapse
Volcanic eruption under the Dwelling Policy does NOT cover - CORRECT ANSWER -land tremors
Multiple volcanic eruptions within what period of time are considered as one occurence? -
CORRECT ANSWER -72 hours
Vandalism and malicious mischief does not cover damage to a building vacant more than -
CORRECT ANSWER -60 consecutive days
The Dwelling Broad Form DP 2 provides coverage on - CORRECT ANSWER -A named peril basis
on the dwellings
The Dwelling Broad from DP - 2 does NOT cover - CORRECT ANSWER -international loss
The Other Coverages of the Dwelling Basic Form includes trees, shrubs, plants, or lawns up to
what maximum amount per tree or shrub? - CORRECT ANSWER -$500
What of the following Dwelling Forms provides coverage for risk of direct physical loss unless
the loss is excluded? - CORRECT ANSWER -Dwelling Policy Special Form
, The Dwelling Policy Special Form includes... - CORRECT ANSWER -damage caused by burglars in
attempt to steal property
The Dwelling Special Form DP-3 covers... - CORRECT ANSWER -volcanic eruption
The "Other Insurance" clause provides for distributing insurance among two or more insurers
on a.. - CORRECT ANSWER -pro-rata basis
Following agreement with the insurer, a loss will be paid within how many days under the "Loss
Payment" condition? - CORRECT ANSWER -30 days
Mary owns a matching pair of unique hand-blown vases worth $200. Individually the vases are
worth $75 each. One of the vases is destroyed. How much will the insurance company pay
under the "pair and set" clause? - CORRECT ANSWER -$75
Tom has a pair of matching engraved ivory handled pistols from Italy worth $1,200. Individually
the pistols are worth $500. One of the pistols is destroyed. How much will the insurance
company pay under the "pair and set" clause? - CORRECT ANSWER -$700
Mary has a pair of earrings with $200. Individually the earrings are worth $100. One of the
earrings is destroyed. How much will the insurance company pay under the "pair and set"
clause? - CORRECT ANSWER -$100
The insurer has the right to repair or replace damaged property within how many days after the
receiving the statement of loss? - CORRECT ANSWER -30 days
During a period of increasing prices due to inflation, an insured would need which endorsement
to protect against being underinsured at the time of loss? - CORRECT ANSWER -Automatic
increase in insurance development
Questions with Correct Answers 2025/2026
The Dwelling Policy covers... - CORRECT ANSWER -Property coverage only
A Dwelling policy would NOT cover... - CORRECT ANSWER -A dwelling with more than four
apartments
Dwelling policies could NOT be used to insure... - CORRECT ANSWER -a dwelling with more than
five boarders
Property eligible for the Dwelling Policy may include... - CORRECT ANSWER -dwellings having up
to five apartments
The Dwelling Policy would NOT cover an incidental business such as a - CORRECT ANSWER -
woodworking business in the garage
Insured persons under the Dwelling Policy include - CORRECT ANSWER -the named insured's
spouse only while living in the same household
Coverage A - Dwelling under the Dwelling Policy does NOT cover - CORRECT ANSWER -detached
garages
Personal property coverage under the Dwelling Policy is paid on what basis - CORRECT ANSWER
-Actual Cash Value
Personal property coverage under the Dwelling Policy at a new residence location applies for... -
CORRECT ANSWER -30 days
,Coverage C - Personal Property under the Dwelling Policy excludes or limits all of the following
property EXCEPT - CORRECT ANSWER -Rowboats and canoes located on the premises
The Basic Dwelling Form DP-1does NOT cover... - CORRECT ANSWER -Falling Objects
The Dwelling Form Basic DP-1 "extended coverage perils" would NOT include... - CORRECT
ANSWER -collapse
Volcanic eruption under the Dwelling Policy does NOT cover - CORRECT ANSWER -land tremors
Multiple volcanic eruptions within what period of time are considered as one occurence? -
CORRECT ANSWER -72 hours
Vandalism and malicious mischief does not cover damage to a building vacant more than -
CORRECT ANSWER -60 consecutive days
The Dwelling Broad Form DP 2 provides coverage on - CORRECT ANSWER -A named peril basis
on the dwellings
The Dwelling Broad from DP - 2 does NOT cover - CORRECT ANSWER -international loss
The Other Coverages of the Dwelling Basic Form includes trees, shrubs, plants, or lawns up to
what maximum amount per tree or shrub? - CORRECT ANSWER -$500
What of the following Dwelling Forms provides coverage for risk of direct physical loss unless
the loss is excluded? - CORRECT ANSWER -Dwelling Policy Special Form
, The Dwelling Policy Special Form includes... - CORRECT ANSWER -damage caused by burglars in
attempt to steal property
The Dwelling Special Form DP-3 covers... - CORRECT ANSWER -volcanic eruption
The "Other Insurance" clause provides for distributing insurance among two or more insurers
on a.. - CORRECT ANSWER -pro-rata basis
Following agreement with the insurer, a loss will be paid within how many days under the "Loss
Payment" condition? - CORRECT ANSWER -30 days
Mary owns a matching pair of unique hand-blown vases worth $200. Individually the vases are
worth $75 each. One of the vases is destroyed. How much will the insurance company pay
under the "pair and set" clause? - CORRECT ANSWER -$75
Tom has a pair of matching engraved ivory handled pistols from Italy worth $1,200. Individually
the pistols are worth $500. One of the pistols is destroyed. How much will the insurance
company pay under the "pair and set" clause? - CORRECT ANSWER -$700
Mary has a pair of earrings with $200. Individually the earrings are worth $100. One of the
earrings is destroyed. How much will the insurance company pay under the "pair and set"
clause? - CORRECT ANSWER -$100
The insurer has the right to repair or replace damaged property within how many days after the
receiving the statement of loss? - CORRECT ANSWER -30 days
During a period of increasing prices due to inflation, an insured would need which endorsement
to protect against being underinsured at the time of loss? - CORRECT ANSWER -Automatic
increase in insurance development
