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DWELLING POLICY | 100% Accurate Solutions.

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Institution Dwelling Policy
Course Dwelling Policy
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DWELLING POLICY | 100% Accurate Solutions.

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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

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