Section 4 Dwelling Policy Practice
Questions With 100% Verified Answers
2025
all of the following are true regarding the DP-2 Broad Form policy EXCEPT
a. it is a Named Peril form
b. is is ACV on the contents
c. it contains the 80% Coinsurance clause
d. theft is a covered peril CORRECT ANSWERS d
On the DP-1 Basic Form, all of the following are covered under the Perils of Extended
Coverage EXCEPT
a. vehicles
b. aircraft
c. vandalism
d. riot and civil commotion CORRECT ANSWERS c
The DP-2 Broad Form automatically insures covered property against loss from any
cause while being removed from a premises endangered by a peril insured against for
no more than:
a. five days
b. 30 days
c. 60 days
d. 90 days CORRECT ANSWERS b
On a dwelling property form, coverage B, Other Structures, excludes all of the following
EXCEPT
a. private garage rented to others
b. farm structures
c. commercial structures
d. manufacturing structures CORRECT ANSWERS a
On Dwelling Property forms, there is no coverage for vandalism if the dwelling has been
vacant for more than
a. 10 days
b. 30 days
c. 45 days
d. 60 days CORRECT ANSWERS d
If Coverage C, Person Property (or Contents) coverage is written on a Dwelling Form,
an Extension of Coverage may be used to provide worldwide Personal Property
coverage for an amount up to
a. 10% of the Coverage C limit
, b. 25% of the Coverage C limit
c. 40% of the Coverage C limit
d. 50% of the Coverage C limit CORRECT ANSWERS a
The Broad and Special Dwelling Forms provide two Extensions of Coverage not found
on the Basic form. What are they?
a. Debris Removal and Worldwide Personal Property coverages
b. Removal coverage and coverage for Other Structures
c. Coverage for Other Structures and Loss of Rental Value
d. Coverages for Building Collapse and for Lawns, trees, and plants CORRECT
ANSWERS d
the clause in the dwelling policy that limits the liability of the insurer to a portion of the
loss no greater than "the amount hereby insured shall bear to the whole insurance
covering the property against the peril involved, whether collectible or not" is called the
a. appraisal clause
b. pro rata liability clause
c. cancellation clause
d. abandonment clause CORRECT ANSWERS b
theft of built-in dwelling fixtures are covered under which dwelling form
a. basic
b. broad
c. special
d. none CORRECT ANSWERS c
coverage B, other structures, is in addition to limits on all dwelling property policy forms
EXCEPT
a. Basic
b. Broad
c. Special
d. No exceptions CORRECT ANSWERS a
when canceling or non-renewing a dwelling fire policy for nonpayment, an insurer must
give how many days advance notice to the insured?
a. five
b. 10
c. 20
d. 30 CORRECT ANSWERS b
after a claim, unless the insured requests otherwise, the salvage value of the damaged
property belongs to
a. the insured
b. the mortgagee
c. the insurer
d. the fire department CORRECT ANSWERS c
Questions With 100% Verified Answers
2025
all of the following are true regarding the DP-2 Broad Form policy EXCEPT
a. it is a Named Peril form
b. is is ACV on the contents
c. it contains the 80% Coinsurance clause
d. theft is a covered peril CORRECT ANSWERS d
On the DP-1 Basic Form, all of the following are covered under the Perils of Extended
Coverage EXCEPT
a. vehicles
b. aircraft
c. vandalism
d. riot and civil commotion CORRECT ANSWERS c
The DP-2 Broad Form automatically insures covered property against loss from any
cause while being removed from a premises endangered by a peril insured against for
no more than:
a. five days
b. 30 days
c. 60 days
d. 90 days CORRECT ANSWERS b
On a dwelling property form, coverage B, Other Structures, excludes all of the following
EXCEPT
a. private garage rented to others
b. farm structures
c. commercial structures
d. manufacturing structures CORRECT ANSWERS a
On Dwelling Property forms, there is no coverage for vandalism if the dwelling has been
vacant for more than
a. 10 days
b. 30 days
c. 45 days
d. 60 days CORRECT ANSWERS d
If Coverage C, Person Property (or Contents) coverage is written on a Dwelling Form,
an Extension of Coverage may be used to provide worldwide Personal Property
coverage for an amount up to
a. 10% of the Coverage C limit
, b. 25% of the Coverage C limit
c. 40% of the Coverage C limit
d. 50% of the Coverage C limit CORRECT ANSWERS a
The Broad and Special Dwelling Forms provide two Extensions of Coverage not found
on the Basic form. What are they?
a. Debris Removal and Worldwide Personal Property coverages
b. Removal coverage and coverage for Other Structures
c. Coverage for Other Structures and Loss of Rental Value
d. Coverages for Building Collapse and for Lawns, trees, and plants CORRECT
ANSWERS d
the clause in the dwelling policy that limits the liability of the insurer to a portion of the
loss no greater than "the amount hereby insured shall bear to the whole insurance
covering the property against the peril involved, whether collectible or not" is called the
a. appraisal clause
b. pro rata liability clause
c. cancellation clause
d. abandonment clause CORRECT ANSWERS b
theft of built-in dwelling fixtures are covered under which dwelling form
a. basic
b. broad
c. special
d. none CORRECT ANSWERS c
coverage B, other structures, is in addition to limits on all dwelling property policy forms
EXCEPT
a. Basic
b. Broad
c. Special
d. No exceptions CORRECT ANSWERS a
when canceling or non-renewing a dwelling fire policy for nonpayment, an insurer must
give how many days advance notice to the insured?
a. five
b. 10
c. 20
d. 30 CORRECT ANSWERS b
after a claim, unless the insured requests otherwise, the salvage value of the damaged
property belongs to
a. the insured
b. the mortgagee
c. the insurer
d. the fire department CORRECT ANSWERS c
