DWELLING POLICY Exam Solved
Correctly To Score A+
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)
Correctly To Score A+
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)
