Understanding Dwelling Policy Coverages

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

• 10% of Coverage A and a maximum of $1,000 per tree, shrub, or plant

• 5% of Coverage A and a maximum of $500 per tree, shrub, or plant

• 15% of Coverage A and a maximum of $750 per tree, shrub, or plant

• 20% of Coverage A and a maximum of $1,500 per tree, shrub, or plant

Which of the following perils is NOT covered under the collapse coverage of a building?

• Weight of snow, ice, sleet, or rain

• Hidden decay

• Earthquake

• Poor construction

What is the limit of liability for personal liability coverage under Coverage L?

• $50,000

• $100,000

• $150,000

• $200,000

Which of the following is NOT covered under the broad theft coverage endorsement?

• Jewelry, watches, furs, and precious stones

• Property of roomers, boarders, or tenants not related to the insured

• Firearms

• Silverware, goldware, or pewterware

What is the standard deductible for a Dwelling Policy per occurrence?

• $100

• $250

• $500

• $1,000

Which of the following is an exclusion under the DP-2 and DP-3 policies?

• Loss due to fire caused by nuclear hazards

• Loss due to volcanic eruption

• Loss due to flood

• Loss due to fire department spraying water

What is the maximum limit for medical payments to others under Coverage M?

• $500 per person

• $1,000 per person

• $1,500 per person

• $2,000 per person

Which of the following is NOT a default limit of liability for personal property under the broad theft coverage?

• Money or related property, coins, and precious metals: $200

• Watercraft, including trailers and equipment: $1,500

• Firearms: $3,000

• Silverware, goldware, or pewterware: $2,500