
Dwelling Policy Quiz

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Professional Development
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a peril covered under DP 2 but not DP 1?
Internal explosion
Lightning
Fire
Freezing plumbing
Answer explanation
Freezing plumbing is covered under DP 2 but not DP 1, which only includes basic perils like fire, lightning, and internal explosion. DP 2 offers broader coverage, including damage from freezing.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of Coverage A is typically allocated to Coverage B — Other Structures?
20%
15%
10%
5%
Answer explanation
Typically, 10% of Coverage A is allocated to Coverage B — Other Structures. This standard allocation helps ensure that additional structures on the property are adequately covered.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the maximum duration for which a dwelling can remain vacant under the Special Provisions — Massachusetts endorsement before a claim can be denied?
30 days
45 days
60 days
90 days
Answer explanation
Under the Special Provisions — Massachusetts endorsement, a dwelling can remain vacant for a maximum of 45 days before a claim may be denied. Therefore, the correct answer is 45 days.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Automatic Increase in Insurance endorsement (DP 04 11)?
To decrease coverage limits annually
To automatically raise Coverage A by a specified percentage annually
To provide additional liability coverage
To cover theft of personal property
Answer explanation
The Automatic Increase in Insurance endorsement (DP 04 11) is designed to automatically raise Coverage A by a specified percentage annually, ensuring that the coverage keeps pace with inflation and rising construction costs.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Under which coverage form is open-peril coverage provided for the dwelling?
DP 1 (Basic)
DP 2 (Broad)
DP 3 (Special)
None of the above
Answer explanation
DP 3 (Special) provides open-peril coverage for the dwelling, meaning it covers all risks except those specifically excluded. In contrast, DP 1 (Basic) and DP 2 (Broad) offer more limited coverage.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which coverage pays for lost rental income when a covered peril makes the premises untenantable?
Coverage E — Additional Living Expense
Coverage D — Fair Rental Value
Coverage A — Dwelling
Coverage C — Personal Property
Answer explanation
Coverage D — Fair Rental Value pays for lost rental income when a covered peril makes the premises untenantable, compensating the property owner for the income they would have received.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What additional coverage does DP 2 (Broad) form provide over DP 1?
Open-peril coverage
Named perils like falling objects and freezing plumbing
Liability coverage
Earthquake coverage
Answer explanation
DP 2 (Broad) form provides additional coverage for named perils, including falling objects and freezing plumbing, which are not covered under DP 1. This enhances protection against specific risks.
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