Unit 6 Cram Quiz

What is unique about a dwelling policy compared to a homeowners policy?

• It requires the owner to occupy the property.

• It is identical to a homeowners policy.

• It is not required to be owner occupied.

• It only covers new homes.

What does Coverage A in Dwelling Property Coverages refer to?

• Personal property

• Dwelling

• Fair rental value

• Additional living expense

What is the maximum coverage for trees, shrubs, and plants under DP-2 and DP-3?

• $300 each

• $500 each

• $700 each

• $1000 each

What is the worldwide personal property coverage percentage of Coverage C?

• 5%

• 10%

• 15%

• 20%

What additional coverage can be added to DP-1 with an extra premium?

• EC—WCSHAVVER and V&MM

• Flood and earthquake

• Theft and vandalism

• Glass breakage and freezing pipes

What does DP-3 Special cover for personal property?

• Open perils

• Broad perils

• Basic perils

• Excluded perils

Which of the following is a DP-2 Broad coverage?

• Flood

• Tearing asunder

• Earthquake

• Theft

Which of the following is a general exclusion in all dwelling policies?

• Theft

• Earthquake

• Wear and tear

• Freezing of plumbing

Which of the following is an exclusion in residential theft coverage?

• Interest

• Loss of earnings

• Animals

• Defense

What is the status of tenant's property in relation to residential theft coverage?

• Automatically included

• Excluded

• Limited

• Broad