Dwelling Policy

DP2 (Broad form)

*Includes DP1 perils plus: 1.damage by burglars(but not theft). 2.falling objects. 3.weight of ice snow or sleet. 4.accidental discharge or overflow of water or steam. 5.sudden and accidental tearing apart. 6.freezing. 7.sudden and accidental damage from artificially generated electrical current. *Dwelling and other structures losses are paid on a replacement cost basis *Losses to personal property are paid on an actual cash value basis.

DP3 (Special Form)

*Open perils coverage for dwelling and other structures( unless specifically excluded in policy) *Named perils coverage for personal property. *Dwelling and other structures losses paid on a replacement cost basis *Personal property losses paid on an Actual Cash value basis. Seek study guide for specific exclusions

The broad theft coverage endorsement on the dwelling form specifies all of the following limitations except 1,000 on Silverware 200 on money 1500 on securities 1500 on jewelry

1,000 on Silverware

Selected Endorsements

1.Automatic Increase in Insurance Broad Theft Coverage(Covers theft attempted theft and VMM as long as the dwelling is not vacant for more then 60 days) Dwelling Under Construction Personal Liability Supplement( Provides personal liability and medical payments to others.) Coverage L and Coverage M

Other Coverages

1.Debris Removal 2.Improvements Alterations and Additions 3.Reasonable Repairs 4.Property Removed 5.Tress Shrubs and other plants 6.Fire Department Service Charge 7.Collapse 8.Glass 9.Ordinance or Law 10. Worldwide Coverage

coverage A: dwelling

1.Insures the dwelling and attached structures 2.Materials and supplies to construct or repair 3.Building and outdoor equipment used to service location(lawnmower) 4.NO coverage for land

within the first 60 days of coverage under a dwelling policy how much notice is required for the cancellation of a policy

10 days

If an insured is in the process of moving to a new location his personal property coverage under the dwelling policy will apply on a pro rata basis at both locations for

30 days

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??

30 days

What is the maximum number of roomers or boarders for properties insured under the dwelling policy

5

which of the following would be covered by the broad theft endorsement on a dwelling policy? An antique car A camera the insured has with him on vacation A pedigreed show dog Fabric and patterns in a clothing designers studio at her home.

A camera the insured has with him on vacation

On what basis are losses to the dwelling other structures and personal property paid on DP1

Actual Cash Value

Under a dwelling policy which of the following is not a factor in determining a loss. Policy Limit Amount reflecting the insureds interest in the property at the time of loss Amount necessary to repair or replace the property Amount negotiated by the insured

Amount negotiated by the insured

If an insurer makes a change to broaden coverage in a dwelling policy while it is in effect, when will the changes will apply

Automatically

How much is the premium for the dwelling under construction and endorsement under the dwelling policy

Average amount of insurance during construction

Dwelling Property Policy

Can be purchased to insure properties solely used for residential purposes. Used primarily as property coverage form.

What additional coverage is provided in DP3 not provided in Dp1? Collapse Fire Department service change World wide coverage other structures

Collapse

Dwelling Coverages

Coverage A: Dwelling Coverage B: Other structures Coverage C :Personal Property Coverage D: Fair Rental Value Coverage E: Additional Living Expense (Only provided in DP2 and DP3 forms)

DP1 (Basic Form)

Covered perils are Fire lightning and internal explosion. E xtended Coverage W indstorm or hail E xplosion R iot or civil commotion A ircraft and vehicles S moke V olcanic eruptions Vandalism and Malicious Mischief (VMM) excluded if dwelling was vacated for 60 days

All of the following are covered under the other coverage trees shrubs and other plants except?? damage caused by neighbors car damage caused by weight of snow damage cause by vandalism 300 damage to one tree

Damage caused by weight of snow

Which of the following dwelling coverage would pay replacement cost for the dwelling?

Dp2 and Dp3

Which of the following is true of dwelling policy coverage? Special forms only have special exclusions Exclusions apply to all 3 policy forms Exclusions only apply to broad policy forms There are no exclusion forms

Exclusions apply to all 3 policy forms

Which of the following perils is included in DP2 and DP3 but not Dp1 Sprinkler Leakage Sink Hole Collapse Falling Objects Earthquake

Falling Objects

Coverage L&M (Liability and Medical Liability)

Insured son not covered but guest is claimed under Medical Liability.

Coverage C: Personal Property

Insures personal property usual to a dwelling occupant and owned or used by a insured or resident relative who reside with the insured Property covered only while on the premises Property not covered Accounts bank notes bills coins birds animals or fish vehicles data credit cards water or steam gravemarkers Personal property coverage is provided off premises subject to the following Insured worldwide for loss by a covered peril

A basic dwelling policy automatically provides coverage against fire lightning and

Internal Explosion

Which of the following is true of theft in all dwelling property forms Is covered under dp3 only has 1000 limit automatically provided is excluded

Is excluded

Coverage B Other structures

Like unattatched garage NO coverage for structures rented to others NO coverage for land Insurance limit is up to 10% of Coverage A

Coverage D: Fair rental value

Loss in rental value sustained by insured if covered loss under Coverage A B or C makes dwelling not for for normal use Does not include continuing expenses Insurance limit is up to 20 percent of Coverage A

Which of the following is NOT true concerning the fair rental value coverage provided in a dwelling policy? Loss or expense cause by the cancellation of a lease is covered It pays for the loss of rent you would have collected less any expenses that would not have continued Coverage continues until repairs are completed The period of time to repair or replace is not limited by the expiration date of the policy.

Loss or expense caused by the cancellation of a lease is covered

On what form is personal liability insurance provided in the dwelling program

Personal Liability Supplement

Coverage E: Additional Living Expenses

Sustained by insured if covered loss under Coverage A B or C makes dwelling not fit for normal use Does not include continuing expenses Examples stay in hotel if needed Up to 20 percent of Coverage A

In which of the following situations would off premises coverage in a broad theft endorsement apply

The insureds camera is stolen from his vacation home while he is there.

All of the following are other coverages included in both the broad and special form dwelling policy EXCEPT Lawn trees shrubs and plants Theft of personal property Collapse Breakage of glass

Theft of personal property

Fire Department Service Charge

Up to $500 for contractual liability when fire department is called to protect covered property from a covered peril Not applied in city limits.

Which of the following losses would not be covered by the dwelling policy if the dwelling is vacant for over 60 days? Vandalism Fire Windstorm Internal Explosion

Vandalism

All of the following would be eligible for coverage under the dwelling policy EXCEPT a dwelling in the course of construction a duplex with one primary owner a house that has 5 residential units a tenant occupied dwelling

a house that has 5 residential units