Dwelling Insurance Q & A

AN insured has a &70,000 dwelling policy with a $500 deductible. WHile the insured is on vacation, burglars enter the house and steal several items. The total loss is estimated ot be $5000 how much will be paid under the policy

0

An insured has a &60,000 special form. When a covered loss in the amount of $10,000 damages the attached garage, how much of that amount is paid under the coverag B other structures

0

an insured has a $40,000 dwelling special form (DP-3) policy. After hosting an afternoon party, the insured discovers that the family's credit cards and ATM cards are missing. If the cards are used, what coverage is provided under Coverage C-Personal Property and why

0. Coverage C excluedes coverage for credit cards

Giselle's home is covered by the DP-3 with the personal liability and medical payments to others endorsement. When a visitor at Giselle's home is injured, Giselle calls an ambulance to provide immediate first aid and transport the visitor to the emergency room. In addition to $800 in medical expenses, the ambulance service bills Giselle $250. The insured's medical payments to others limit is $1,000. How much would the insurer pay for this loss?

1,050

An insured has an $80,000 dwelling policy with a $500 deductible. In addition to the house, the property includes a detached garage, storage shed, and an artist's studio. During a thunderstorm, the garage and storage shed are damaged by lightning. The loss is $3,000 to the garage and $1,000 to the shed. What amount is covered by the policy

3500

the dwelling policy will provide how much additional coverag for a fire department service charge

500

In the dwelling forms, damage from vandalism is not covered if the building has been vacant for more than

60 consecutive days

The insured has a DP-3 covering a home that has a replacement value of $100,000. The insured carries $60,000 of insurance. Following a loss, it is determined that it would cost $12,000 to replace the damaged portion of the home. How much could the insured collect, assuming the ACV of the loss is $6,000?

9,000

Myrtle has a dwelling policy with broad theft coverage for on and off her premises. Which of the following theft losses would be covered

A $400 handgun taken from a bureau in her home

Which of the following would NOT be covered under Coverage A or Coverage B of the dwelling policy?

A detached garage that has been altered to house a manufacturing operation

The DP-1 automatically provides coverage for

A fire

Which of the following losses would NOT be excluded under the DP-1?

AN earthquake causes a fire that destroys the insured's home

Coverage E in the dwelling policy provides coverage for

Additional living expense

Which of the following losses would be covered under the DP-1?

An earthquake causes a fire that destroys an insured's home

A dwelling policy can be used to insure all of the following EXCEPT

Apartment building with 6 units

Damage caused by burglars is excluded under which of the dwelling forms

Basic form

an insured suffers a covered loss to some rental property that forces the tenant to move to another location. Under which section of the dwelling policy would the insured receive payment during the time the property is being repaird

Coverage D-- fair rental value

An insured has a dwelling policy (DP-3 special form) . After a covered fire loss, the insured moves to a local hotel while repairs are being made to the house. Which coverage form will pay for reasonable lodging, food and transportation expenses?

Coverage E

Damage to covered property caused by glass breakage i

Covered in the DP-2 and DP-3 , but not the DP-1

Which dwelling forms pay losses to dwellings and other structures on an actual cash value basis?

DP-1

Which dwelling forms pay losses to personal property on an actual cash value basis?

DP-1, DP-2, and DP-3

Under which of the dwelling forms may the insured be reimbursed for the replacement cost of a dwelling when it is destroyed?

DP-2 and DP-3

Wilson owns a 4-family apartment building. Which dwelling form(s) would provide coverage against building damage caused by the freezing of plumbing, heating, air conditioning, and sprinkler systems?

DP-2 and DP-3

A dwelling policy can insure all of the following types of personal property EXCEPT

DP-3 special form and a separage tenant's policy to cover personal property

ALl of the following perils are covered under DP-2 broad form EXCEPT

Earthquake

Which one of the following types of property CANNOT be covered by a dwelling policy?

Farm dwellings

The following perils may be insured against under a basic dwelling policy EXCEPT

Flood

Which of the following other coverages are included in all dwelling forms? I. Collapse II. Fire department service charge III. Debris removal IV. Reasonable repairs V. Trees, shrubs, and other plants VI. Property removed VII. Glass or safety glazing material

II, III, IV, and VI

Which of the following coverages are NOT contained in an unendorsed dwelling policy?

III and VI

A DP-2 policy would cover losses from all of the following perils EXCEPT

Infestation of insect

The DP-2 insures against all of the following EXCEPT?

Losses caused by domestic animals

A dwelling policy with no endorsements attached contains all of the following coverages EXCEPT

Medical payments coverage

In comparison to the homeowners policy, the dwelling policy provides

More limited coverage

The DP-3 provides

Open peril coverage for the dwelling and broad coverage for personal property

Which of these items of personal property would be covered under a dwelling policy?

Pool table

A dwelling policy can insure all of the following types of personal property EXCEPT

Sailboats

Which of the following could be covered under a dwelling policy?

Single family dwelling that is rented to tenants

Which of the following statements about the dwelling basic form (DP-1) is CORRECT?

The DP-1 provides coverage for appurtenant structures

In addition to the perils that are automatically covered in the DP-1, the insured may opt to have property covered against

The extended coverage perils and vandalism and malicious mischief

Which of the following statements about dwelling policies is CORRECT

They may be used to insure rental homes

The greatest difference between the dwelling basic form (DP-1) and the broad form (DP-2) is that the DP-2 automatically includes coverage for

Vandalism and maliciuos mischief

Which one of the following would NOT be covered under Coverage A or Coverage B of the Dwelling policy

a detached garage that has been altered to house a manufactuign operation

Coverage for debris removal is provided i

all of the dwelling forms

How does the dwelling policy provide theft coverage

it must be added by endorsement

Compared to the homeowners policy, the dwelling policy provides (broader/more limited) property coverage

more limited

The special form covers the dwelling and other structures for

open perils

of the dwelling forms, which one of the following provides the broadest caverage

special

All of the following statements are true regarding an insured's duties to the insurer after a loss to an insured dwelling EXCEPT

the damaged property must be appraised