Dwelling Policy Exam Questions With
100% Correct Answers
A house insured under a dwelling policy has been vacant for 70 consecutive days.
Which of the following statements is true? CORRECT ANSWERS Loss by vandalism
and malicious mischief is excluded
The removal coverage that is included in the broad form dwelling policy will cover
property temporarily removed from the premises to protect it from damage for how
long? CORRECT ANSWERS 30 days
Which of the following is NOT true concerning the fair rental value coverage provided in
a dwelling policy? CORRECT ANSWERS Loss or expense caused by the cancellation
of a lease is covered
Dwelling policy Coverage C - Personal Property will cover all of the following EXCEPT...
CORRECT ANSWERS Animals and birds
Both the broad theft and limited theft endorsements on the dwelling program exclude all
of the following types of property EXCEPT... CORRECT ANSWERS Watercraft
What is the maximum number of roomers or boarders for properties insured under the
dwelling policy? CORRECT ANSWERS 5
If more than one person has an insurable interest in the property covered under a
dwelling policy,... CORRECT ANSWERS The insurer will be liable for only the insured's
interest in the damaged property
Under a dwelling policy, which of the following is NOT a factor in determining a loss?
CORRECT ANSWERS The amount negotiated by the insured
Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost
property, it must inform the insured within how many days of receiving proof of loss?
CORRECT ANSWERS 30 days
Which of the following dwelling coverage forms would pay replacement cost for the
dwelling? CORRECT ANSWERS DP-2 and DP-3
Under which of the following circumstances would an insurer be allowed to cancel a
dwelling policy midterm? CORRECT ANSWERS The insured knowingly lied about the
year the property was constructed
, The endorsement that provides coverage for losses arising from sudden collapse of
earth arising from underground limestone created by the action of water on rock
formations is a/an... CORRECT ANSWERS Sinkhole collapse endorsement
In a dwelling policy, which of the following other structures would be covered?
CORRECT ANSWERS Rented to a neighbor for use as a private garage
On a DP-3 Dwelling Property Special Form policy, the coverage provided for personal
property is... CORRECT ANSWERS The same as provided on the DP-2 Broad Form
All of the following are other coverages under the dwelling policy EXCEPT... CORRECT
ANSWERS Earth movement
Which of the following would provide coverage for loss of income when an insured
rental dwelling is rendered uninhabitable because of a covered loss? CORRECT
ANSWERS Coverage D
An insured is in his garage with his two friends 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 emergency room where MRIs are performed at a cost of $750 each. How
much will the medical expense coverage of the insured's dwelling policy pay for these
costs? CORRECT ANSWERS $1,500 (up to $1,000 per person excluding the insured)
Which of the following property coverages would provide protection to contents
damaged by fire? CORRECT ANSWERS Coverage C - Personal Property
In which of the following situations would off-premises coverage in a broad theft
endorsement apply? CORRECT ANSWERS The insured's camera is stolen from his
vacation home while he is there
The limited theft endorsement is intended for which type of property? CORRECT
ANSWERS An apartment building in which the owner does not reside
All of the following are perils covered under the broad form dwelling policy EXCEPT...
CORRECT ANSWERS Theft
Which of the following is NOT covered by the condominium unit owners endorsement?
CORRECT ANSWERS Furniture in the building
Assuming the insurer and the insured agree to the amount payable for a loss covered
under a dwelling policy, how soon after the insurer has received proof of loss must it
make payment? CORRECT ANSWERS 60 days
Which of the following would be covered by the broad theft endorsement on a dwelling
policy? CORRECT ANSWERS A camera the insured has with him on vacation
100% Correct Answers
A house insured under a dwelling policy has been vacant for 70 consecutive days.
Which of the following statements is true? CORRECT ANSWERS Loss by vandalism
and malicious mischief is excluded
The removal coverage that is included in the broad form dwelling policy will cover
property temporarily removed from the premises to protect it from damage for how
long? CORRECT ANSWERS 30 days
Which of the following is NOT true concerning the fair rental value coverage provided in
a dwelling policy? CORRECT ANSWERS Loss or expense caused by the cancellation
of a lease is covered
Dwelling policy Coverage C - Personal Property will cover all of the following EXCEPT...
CORRECT ANSWERS Animals and birds
Both the broad theft and limited theft endorsements on the dwelling program exclude all
of the following types of property EXCEPT... CORRECT ANSWERS Watercraft
What is the maximum number of roomers or boarders for properties insured under the
dwelling policy? CORRECT ANSWERS 5
If more than one person has an insurable interest in the property covered under a
dwelling policy,... CORRECT ANSWERS The insurer will be liable for only the insured's
interest in the damaged property
Under a dwelling policy, which of the following is NOT a factor in determining a loss?
CORRECT ANSWERS The amount negotiated by the insured
Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost
property, it must inform the insured within how many days of receiving proof of loss?
CORRECT ANSWERS 30 days
Which of the following dwelling coverage forms would pay replacement cost for the
dwelling? CORRECT ANSWERS DP-2 and DP-3
Under which of the following circumstances would an insurer be allowed to cancel a
dwelling policy midterm? CORRECT ANSWERS The insured knowingly lied about the
year the property was constructed
, The endorsement that provides coverage for losses arising from sudden collapse of
earth arising from underground limestone created by the action of water on rock
formations is a/an... CORRECT ANSWERS Sinkhole collapse endorsement
In a dwelling policy, which of the following other structures would be covered?
CORRECT ANSWERS Rented to a neighbor for use as a private garage
On a DP-3 Dwelling Property Special Form policy, the coverage provided for personal
property is... CORRECT ANSWERS The same as provided on the DP-2 Broad Form
All of the following are other coverages under the dwelling policy EXCEPT... CORRECT
ANSWERS Earth movement
Which of the following would provide coverage for loss of income when an insured
rental dwelling is rendered uninhabitable because of a covered loss? CORRECT
ANSWERS Coverage D
An insured is in his garage with his two friends 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 emergency room where MRIs are performed at a cost of $750 each. How
much will the medical expense coverage of the insured's dwelling policy pay for these
costs? CORRECT ANSWERS $1,500 (up to $1,000 per person excluding the insured)
Which of the following property coverages would provide protection to contents
damaged by fire? CORRECT ANSWERS Coverage C - Personal Property
In which of the following situations would off-premises coverage in a broad theft
endorsement apply? CORRECT ANSWERS The insured's camera is stolen from his
vacation home while he is there
The limited theft endorsement is intended for which type of property? CORRECT
ANSWERS An apartment building in which the owner does not reside
All of the following are perils covered under the broad form dwelling policy EXCEPT...
CORRECT ANSWERS Theft
Which of the following is NOT covered by the condominium unit owners endorsement?
CORRECT ANSWERS Furniture in the building
Assuming the insurer and the insured agree to the amount payable for a loss covered
under a dwelling policy, how soon after the insurer has received proof of loss must it
make payment? CORRECT ANSWERS 60 days
Which of the following would be covered by the broad theft endorsement on a dwelling
policy? CORRECT ANSWERS A camera the insured has with him on vacation
