Chapter 7. Dwelling Insurance
A Dwelling policy provides protection for individuals and families against loss to their dwelling and personal property.
- 1.Which of the following could not be covered under a Dwelling policy?
- A.
A mobile home that is not permanently located
- B.
A single family home that is under construction
- C.
A three-unit townhouse
- D.
A home that is rented to another person
- 2.Which of the following coverage provisions would not be found in an unendorsed Dwelling policy form?
- A.
Dwelling
- B.
Other structures
- C.
Liability
- D.
Personal property
- 3.Which of these items of personal property would be covered under a Dwelling policy when Coverage C is written?
- A.
A motorcycle
- B.
A pet poodle
- C.
A pool table
- D.
A sailboat
- 4.A Basic Dwelling policy form automatically provides coverage for losses caused by each of the following perils except which one?
- A.
Fire
- B.
Lightning
- C.
Internal explosion
- D.
Vandalism and malicious mischief
- 5.The Special Dwelling policy form provides which of the following?
- A.
Basic coverage for the dwelling and broad coverage for personal property
- B.
Broad coverage for the dwelling and basic coverage for personal property
- C.
Open peril coverage for the dwelling and broad coverage for personal property
- D.
Open peril coverage for both the dwelling and personal property
- 6.Under which of the Dwelling policy forms may the insured be reimbursed for the replacement cost when the dwelling is destroyed?
- A.
All Dwelling forms
- B.
The Basic form only
- C.
The Broad and Special forms
- D.
The Special form only
- 7.An 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, the determined is made 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?
- A.
$12,000
- B.
$9,000
- C.
$6,000
- D.
Nothing
- 8.Which of the following would not be covered under Coverage A or Coverage B of a Dwelling policy?
- A.
A storage shed 100 feet in back of the insured's dwelling where she keeps various yard tools
- B.
A detached garage that has been altered to house a manufacturing operation
- C.
A stack of lumber placed at the edge of the insured's property that will be used to construct a storage shed
- D.
A water heater located in the insured's attached garage
- 9.The Johnsons' home is covered by a Special Dwelling policy. When a fire damages the home, the family is forced to stay at a motel for a month while repairs are made. What coverage might reimburse them for these expenses?
- A.
Dwelling coverage
- B.
Additional living expenses
- C.
Personal property coverage
- D.
Fair rental value coverage
- 10.Myrtle has a Dwelling policy with Broad Theft coverage applicable both on and off her premises. Which of the following theft losses would be covered?
- A.
A $400 handgun taken from a bureau in her home
- B.
Theft of personal property owned by a boarder who rents a room in Myrtle's home
- C.
Two credit cards taken from her desk in her home
- D.
A tape player removed from the dashboard of her car that was parked in her garage
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Sample QuestionMedical payments under a homeowners policy are available for expenses resulting from an injury to which of the following?
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Sample QuestionThe Process of making and implementing decisions to handle loss exposure is known as __________
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