Dwelling Policy

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

10 days

Within how many years of a loss may an insured bring a lawsuit against an insurer, according to the dwelling policy?

2 years

The limited theft endorsement is intended for which type of property?

An apartment building in which the owner does not reside

Dwelling policy Coverage C - Personal Property will cover all of the following EXCEPT...

Animals and birds

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

Automatically

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

DP-1

Which of the following is true of dwelling policy coverage?

Exclusions apply to all three policy forms

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

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?

30 days

Which of the following would provide coverage for loss of income when an insured rental dwelling is rendered uninhabitable because of a covered loss?

Coverage D

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

DP-2 and DP-3

Which of the following is NOT covered by the condominium unit owners endorsement?

Furniture in the building

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

Under a dwelling policy, which of the following clauses applies if an insured has lost one of two matching silver candlesticks?

Pair or set

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...

Sinkhole collapse endorsement

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

Theft

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

Vandalism

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

60

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?

60 days

Under the dwelling policy form, what is the maximum time limit during which multiple volcanic activities would be considered part of one occurrence?

72 hours

Which of the following would be covered by the broad theft endorsement on a dwelling policy?

A camera the insured has with him on vacation

All of the following would be eligible for coverage under the dwelling policy EXCEPT...

A house that has 5 residential units

Which of the following other coverages is NOT included in the basic form dwelling policy?

Breakage of glass

In dwelling policies, automatic increase in insurance is...

Coverage by endorsement

All of the following are other coverages under the dwelling policy EXCEPT...

Earth movement

All of the following are exclusions that apply in all three types of Dwelling Policies EXCEPT...

Fire and lightning

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

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

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

In a dwelling policy, which of the following is true regarding personal liability coverage?

It must be added as a supplement or written as a separate policy

Dwelling coverage includes all of the following EXCEPT...

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

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

In a dwelling policy, which of the following other structures would be covered?

Rented to a neighbor for use as a private garage

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

The amount negotiated by the insured

Under which of the following circumstances would an insurer be allowed to cancel a dwelling policy midterm?

The insured knowingly lied about the year the property was constructed

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

The insured's camera is stolen from his vacation home while he is there

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

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

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

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

All of the following are other coverages included in both the broad and special form dwelling policy EXCEPT...

Theft of personal property

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

Watercraft

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

Replacement cost 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

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

The average amount of insurance during construction

The broad theft coverage endorsement on the dwelling form specifies all of the following limitations EXCEPT...

$1,000 on silverware (The limit on silverware is $2,500)

Which of the following statements 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 B

Which of the following property coverages would provide protection to contents damaged by fire?

Coverage C - Personal Property

In a dwelling policy, which of the following provides coverage for additional living expenses incurred by an owner-occupant in the event a covered peril makes the premises uninhabitable due to a covered loss?

Coverage E

An insured's house is damaged by a fire and is uninhabitable. As a result, the insured has to rent an apartment until repairs are made. A dwelling insurance policy will pay for the expense of renting the apartment. Which type of broad or special form coverage does the insured have?

Coverage E - Additional Living Expense

Under which of the following conditions can broad theft coverage be added to a dwelling policy?

If the insured is owner-occupant of the dwelling

An insured owns a large dog. The first day he has to leave the dog home alone to go to work, the insured comes back to find his $400 couch torn apart, his $100 coffee table chewed up, his $50 window curtain shredded, and a $200 window pane shattered where his dog jumped through. The insured has personal property coverage under a special form dwelling policy. How much of this loss will the policy cover?

$0 (Damage that results from domestic animals is excluded under the special form dwelling policy)

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?

$1,500 (up to $1,000 per person excluding the insured)

Coverage for water backup or sump pump overflow is excluded from the Dwelling Policy. However, with the purchase of the water backup and sump pump overflow endorsement, coverage for up to $5,000 in loss or damage can be provided for an additional premium. What is the deductible associated with this coverage?

$250

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 kills 10 trees valued at $600 each. How much will the policy pay for the trees?

$5,000 (Trees, shrubs, and plants are covered, limited to not more than $500 for any one tree or plant, and not to exceed 5% of Coverage A in total or $5,000 in this example)

Under the additional living expenses coverage, if a civil authority prohibits the insured from using the dwelling because of direct damage to a neighboring location from a peril covered in the insured's policy, loss would be covered for up to...

2 weeks

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

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

5

All of the following are characteristics of the dwelling policy EXCEPT...

The dwelling must be owner-occupied