6. Dwelling Policy

A dwelling policy has a standard deductible that applies to all property coverage, except fair rental value, additional living expense, and the fire department service charge. How much is this deductible? $100 $250 $500 $1,000

$250 A standard deductible of $250 applies to all property coverage, except fair rental value, additional living expense, and the fire department service charge.

An insured has a special form dwelling policy written for $100,000 on a dwelling. The dwelling's replacement cost is $115,000. Fire causes $75,000 in damage to the dwelling, $15,000 damage to a separate garage, and kill 10 trees valued at $600 each. How much will the policy pay for the trees?

$5,000

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? 5 days 30 days 60 days 90 days

30 days

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

5

Vandalism and malicious mischief would be covered if the insured's premises have been vacant for no more than how many days?

60

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

A house that has 5 residential units. Cannot have more than 4 family units.

Which of the following coverages is NOT included in the basic form dwelling policy? Other structures Loss of fair rental value Additional living expense Dwelling coverage

Additional living expenses

Dwelling policy Coverage C - Personal Property will cover all of the following EXCEPT Canoes Animals and birds Hobby aircraft Computer software

Animal and birds

Which of the following other coverages is NOT included in the basic form dwelling policy? Removal coverage Personal property temporarily away from the insured premises Tenant's improvements, alterations, and additions Breakage of glass

Breakage of glass

Which of the following statement is true concerning the special form dwelling policy?

Coverage A is for all-risk perils, and coverage C is for the broad form perils

Which of the following dwelling coverages would provide coverage to a garage not attached to the primary insured dwelling? Coverage A Coverage B Coverage C Coverage E

Coverage B

Which of the following property coverages would provide protection to contents damaged by fire? Coverage A Coverage B Coverage C Coverage D

Coverage C

Which of the following is the Fair Rental Value coverage in the dwelling policy?

Coverage D

In dwelling policies, automatic increase in insurance is

Coverage by Endorsement

The Basic dwelling form (DP-1) provides all of the following coverages without endorsement EXCEPT

Coverage for additional living expense.

Which of the following policy forms primarily insures a structure on an actual cash value basis?

DP-1

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

DP-2 and DP-3

Which of the following claims would be included under the dwelling policy?

Fire damage to the insured's rowboat stored in the attached garage

Which of the following would be covered under the Broad Form (DP-2) policy's falling object peril?

Interior building damage if the exterior was damaged first

A basic dwelling policy automatically provides coverage against fire, lightning and ?

Internal explosion

Which of the following additional perils is covered under both the basic form and broad form dwelling policies?

Internal explosion

Dwelling coverage includes all of the following EXCEPT Land on which the dwelling is located The dwelling used principally for residential purposes Materials on the described location used to alter or repair the dwelling Building and outdoor equipment used to service the described location

Land on which the dwelling is located

What type of property would NOT be covered under the dwelling policy special form Coverage A - Dwelling?

Land on which the dwelling is located

Under the dwelling policy, Coverage C - Personal Property is

Limited to covering a servant's property while at the insured location.

A house insured under a dwelling policy has been vacant for 70 consecutive days. Which of the following statement is true?

Loss by vandalism and malicious mischief is excluded.

A house insured under a dwelling policy has been vacant for 70 consecutive days. Which of the following statements is true?

Loss by vandalism and malicious mischief is excluded.

Which of the following is NOT true concerning the fair rental value coverage provided in a dwelling policy?

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

Under a dwelling policy, which of the following is NOT a factor in determining a loss?

The amount negotiated by the insured

Replacement coverage is provided in both the broad and special form dwelling policies when?

The amount of insurance on the dwelling is at least 80% of its replacement cost at the time of loss.

All of the following are characteristics of the dwelling policy EXCEPT Incidental occupancy of limited service-type exposure is permitted Dwellings up to four family units are eligible The dwelling must be owner-occupied Coverage includes the dwelling only, contents only, or both

The dwelling must be owner-occupied.

If more than one person has an insurable interest in the property covered under a dwelling policy,

The insurer will be liable for the insured's interest in the damaged property

On a DP-3 Dwelling Property Special Form policy, the coverage provided for personal property is Open Peril The same as provided on the DP-1 Basic Form The same as provided on the DP-2 Broad Form All risk

The same as provided on the DP-2 Broad Form

On a DP-3 Dwelling property special form policy, the coverage provided for personal property is

The same as provided on the DP-2 Broad form.

All of the following are perils covered under the broad form dwelling policy EXCEPT

Theft

Which of the following losses would most likely NOT be covered under Coverage A in dwelling policy? Fire damage to building material on the premises Outdoor personal property of the insured Supplies used for repair of the dwelling Theft of a renter's lawnmower used to service the premises

Theft of a renter's lawnmower used to service the premises

Which of the following losses would most likely NOT be covered under Coverage A in the dwelling policy?

Theft of a renter's lawnmower used to service the premises

Which of the following losses would Not be covered by the dwelling policy if the dwelling is vacant for over 60 days?

Vandalism

Both the broad theft and limited theft endorsements on the dwelling program exclude all of the following types of property EXCEPT

Watercraft