Dwelling Policy Test Questions with Answers Graded A+
A house insured under a dwelling policy has NOT a factor in determining a loss? -
been vacant for 70 consecutive days. Which of ANSWER -The amount negotiated by the
the following statements is true? - insured
ANSWER -Loss by vandalism and
malicious mischief is excluded
Under the dwelling policy, if an insurer chooses
to repair or replace damaged or lost property, it
The removal coverage that is included in the must inform the insured within how many days of
broad form dwelling policy will cover property receiving proof of loss? - ANSWER -30
temporarily removed from the premises to protect days
it from damage for how long? - ANSWER -
30 days
Which of the following dwelling coverage forms
would pay replacement cost for the dwelling? -
Which of the following is NOT true concerning ANSWER -DP-2 and DP-3
the fair rental value coverage provided in a
dwelling policy? - ANSWER -Loss or
expense caused by the cancellation of a lease is Under which of the following circumstances
covered would an insurer be allowed to cancel a dwelling
policy midterm? - ANSWER -The insured
knowingly lied about the year the property was
Dwelling policy Coverage C - Personal Property constructed
will cover all of the following EXCEPT... -
ANSWER -Animals and birds
The endorsement that provides coverage for
losses arising from sudden collapse of earth
Both the broad theft and limited theft arising from underground limestone created by
endorsements on the dwelling program exclude the action of water on rock formations is a/an... -
all of the following types of property EXCEPT... - ANSWER -Sinkhole collapse endorsement
ANSWER -Watercraft
In a dwelling policy, which of the following other
What is the maximum number of roomers or structures would be covered? - ANSWER -
boarders for properties insured under the Rented to a neighbor for use as a private garage
dwelling policy? - ANSWER -5
On a DP-3 Dwelling Property Special Form
If more than one person has an insurable interest policy, the coverage provided for personal
in the property covered under a dwelling policy,... property is... - ANSWER -The same as
- ANSWER -The insurer will be liable for provided on the DP-2 Broad Form
only the insured's interest in the damaged
property
All of the following are other coverages under the
dwelling policy EXCEPT... - ANSWER -
Under a dwelling policy, which of the following is Earth movement
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, Dwelling Policy Test Questions with Answers Graded A+
Which of the following would provide coverage Assuming the insurer and the insured agree to
for loss of income when an insured rental the amount payable for a loss covered under a
dwelling is rendered uninhabitable because of a dwelling policy, how soon after the insurer has
covered loss? - ANSWER -Coverage D received proof of loss must it make payment? -
ANSWER -60 days
An insured is in his garage with his two friends
when some shelving loaded with heavy objects Which of the following would be covered by the
collapses and falls on them. All three of them are broad theft endorsement on a dwelling policy? -
experiencing back pain, so they go to an ANSWER -A camera the insured has with
emergency room where MRIs are performed at a him on vacation
cost of $750 each. How much will the medical
expense coverage of the insured's dwelling
policy pay for these costs? - ANSWER - A basic dwelling policy automatically provides
$1,500 (up to $1,000 per person excluding the coverage against fire, lightning, and... -
insured) ANSWER -Internal explosion
Which of the following property coverages would How much is the premium for the dwelling under
provide protection to contents damaged by fire? - construction endorsement under the dwelling
ANSWER -Coverage C - Personal Property policy? - ANSWER -The average amount of
insurance during construction
In which of the following situations would off-
premises coverage in a broad theft endorsement Which of the following is true of dwelling policy
apply? - ANSWER -The insured's camera coverage? - ANSWER -Exclusions apply to
is stolen from his vacation home while he is there all three policy forms
The limited theft endorsement is intended for All of the following would be eligible for coverage
which type of property? - ANSWER -An under the dwelling policy EXCEPT... -
apartment building in which the owner does not ANSWER -A house that has 5 residential
reside units
All of the following are perils covered under the Replacement cost coverage is provided in both
broad form dwelling policy EXCEPT... - the broad and special form dwelling policies
ANSWER -Theft when... - ANSWER -The amount of
insurance on the dwelling is at least 80% of its
replacement cost at the time of loss
Which of the following is NOT covered by the
condominium unit owners endorsement? -
ANSWER -Furniture in the building Within how many years of a loss may an insured
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A house insured under a dwelling policy has NOT a factor in determining a loss? -
been vacant for 70 consecutive days. Which of ANSWER -The amount negotiated by the
the following statements is true? - insured
ANSWER -Loss by vandalism and
malicious mischief is excluded
Under the dwelling policy, if an insurer chooses
to repair or replace damaged or lost property, it
The removal coverage that is included in the must inform the insured within how many days of
broad form dwelling policy will cover property receiving proof of loss? - ANSWER -30
temporarily removed from the premises to protect days
it from damage for how long? - ANSWER -
30 days
Which of the following dwelling coverage forms
would pay replacement cost for the dwelling? -
Which of the following is NOT true concerning ANSWER -DP-2 and DP-3
the fair rental value coverage provided in a
dwelling policy? - ANSWER -Loss or
expense caused by the cancellation of a lease is Under which of the following circumstances
covered would an insurer be allowed to cancel a dwelling
policy midterm? - ANSWER -The insured
knowingly lied about the year the property was
Dwelling policy Coverage C - Personal Property constructed
will cover all of the following EXCEPT... -
ANSWER -Animals and birds
The endorsement that provides coverage for
losses arising from sudden collapse of earth
Both the broad theft and limited theft arising from underground limestone created by
endorsements on the dwelling program exclude the action of water on rock formations is a/an... -
all of the following types of property EXCEPT... - ANSWER -Sinkhole collapse endorsement
ANSWER -Watercraft
In a dwelling policy, which of the following other
What is the maximum number of roomers or structures would be covered? - ANSWER -
boarders for properties insured under the Rented to a neighbor for use as a private garage
dwelling policy? - ANSWER -5
On a DP-3 Dwelling Property Special Form
If more than one person has an insurable interest policy, the coverage provided for personal
in the property covered under a dwelling policy,... property is... - ANSWER -The same as
- ANSWER -The insurer will be liable for provided on the DP-2 Broad Form
only the insured's interest in the damaged
property
All of the following are other coverages under the
dwelling policy EXCEPT... - ANSWER -
Under a dwelling policy, which of the following is Earth movement
1/5
, Dwelling Policy Test Questions with Answers Graded A+
Which of the following would provide coverage Assuming the insurer and the insured agree to
for loss of income when an insured rental the amount payable for a loss covered under a
dwelling is rendered uninhabitable because of a dwelling policy, how soon after the insurer has
covered loss? - ANSWER -Coverage D received proof of loss must it make payment? -
ANSWER -60 days
An insured is in his garage with his two friends
when some shelving loaded with heavy objects Which of the following would be covered by the
collapses and falls on them. All three of them are broad theft endorsement on a dwelling policy? -
experiencing back pain, so they go to an ANSWER -A camera the insured has with
emergency room where MRIs are performed at a him on vacation
cost of $750 each. How much will the medical
expense coverage of the insured's dwelling
policy pay for these costs? - ANSWER - A basic dwelling policy automatically provides
$1,500 (up to $1,000 per person excluding the coverage against fire, lightning, and... -
insured) ANSWER -Internal explosion
Which of the following property coverages would How much is the premium for the dwelling under
provide protection to contents damaged by fire? - construction endorsement under the dwelling
ANSWER -Coverage C - Personal Property policy? - ANSWER -The average amount of
insurance during construction
In which of the following situations would off-
premises coverage in a broad theft endorsement Which of the following is true of dwelling policy
apply? - ANSWER -The insured's camera coverage? - ANSWER -Exclusions apply to
is stolen from his vacation home while he is there all three policy forms
The limited theft endorsement is intended for All of the following would be eligible for coverage
which type of property? - ANSWER -An under the dwelling policy EXCEPT... -
apartment building in which the owner does not ANSWER -A house that has 5 residential
reside units
All of the following are perils covered under the Replacement cost coverage is provided in both
broad form dwelling policy EXCEPT... - the broad and special form dwelling policies
ANSWER -Theft when... - ANSWER -The amount of
insurance on the dwelling is at least 80% of its
replacement cost at the time of loss
Which of the following is NOT covered by the
condominium unit owners endorsement? -
ANSWER -Furniture in the building Within how many years of a loss may an insured
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