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This practice quiz covers material presented in Geico's P and C Exam Prep Class for Chapters 6a-6b, Homeowners and Dwellings

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P and C Exam Prep: Chapter 6a - 6b Homeowners & Dwellings

Frage 1 von 15

1

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compared to the homeowners policy, the dwelling policy provides (broader/more limited) _property coverage.

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Frage 2 von 15

1

Which of the following could be covered under a dwelling policy? (choose all that apply)

Wähle eine oder mehr der folgenden:

  • Mobile home not permanently located

  • Home under construction

  • Townhouse

  • Home rented to another person

  • Five-unit apartment building

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Frage 3 von 15

1

Which of the following coverages are contained in an unendorsed dwelling policy?

Wähle eine oder mehr der folgenden:

  • Dwelling

  • Other structures

  • Liability

  • Personal Property

  • Fair Rental Value

  • Medical payments to others

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Frage 4 von 15

1

Which of the following items of personal property would be covered under a dwelling policy?

Wähle eine der folgenden:

  • Motorcycle

  • Poodle

  • Pool Table

  • Sailboat

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Frage 5 von 15

1

A DP-1 automatically provides coverage for:

Wähle eine der folgenden:

  • fire, lightning, and internal explosions

  • lightning and internal explosions

  • extended coverage perils only

  • vandalism and malicious mischief

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Frage 6 von 15

1

Under the DP-1, the insured may opt to have property covered against:

Wähle eine der folgenden:

  • fire, lightning, and internal explosions

  • all of the perils described in A plus the extended coverage perils

  • all of the perils described in A plus the extended coverage perils and vandalism and malicious mischief

  • any of the above

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Frage 7 von 15

1

The DP-2 insures against fire, lightning, and which of the following?

Wähle eine der folgenden:

  • The extended coverage perils, V&MM, and additional perils

  • The extended coverage perils only

  • V&MM only

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Frage 8 von 15

1

The DP-3 provides:

Wähle eine der folgenden:

  • basic coverage for the dwelling and broad coverage for personal property

  • broad coverage for the dwelling and basic coverage for personal property

  • open peril coverage for the dwelling and broad coverage for personal property

  • open peril coverage for both the dwelling and personal property

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Frage 9 von 15

1

Which of the following other coverages are included in all dwelling forms? (choose all that apply)

Wähle eine oder mehr der folgenden:

  • Collapse

  • Fire department service charge

  • Debris removal

  • Reasonable repair

  • Trees, shrubs, and other plants

  • Glass or safety glazing material

  • Property removed

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Frage 10 von 15

1

Under which of the dwelling forms may the insured be reimbursed for the replacement cost when the dwelling is destroyed?

Wähle eine der folgenden:

  • All dwelling forms

  • DP-1 Only

  • DP-2 and DP-3

  • DP-3 only

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Frage 11 von 15

1

the insured has a DP-3 covering a home that has a replacement value of $100,000. The insured carries $60,00 of insurance. Following a loss, it is determined 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?

Wähle eine der folgenden:

  • $6,000

  • $9,000

  • $12,000

  • Nothing

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Frage 12 von 15

1

Which dwelling forms pay losses to personal property on an actual cash value basis?

Wähle eine der folgenden:

  • DP-1

  • DP-2

  • DP-3

  • All of the above

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Frage 13 von 15

1

Which of the following would be covered under Coverage A or Coverage B of the dwelling policy?

Wähle eine oder mehr der folgenden:

  • A storage shed 100 feet in back of the insured's dwelling where she keeps various yard tools

  • A detached garage that has been altered to house a manufacturing operation

  • A stack of lumber placed at the edge of the insured's property that will be used to construct a boat shed

  • A water softener and water heater located in the insured's attached garage

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Frage 14 von 15

1

Which of the following losses would be excluded under DP-1?

Wähle eine oder mehr der folgenden:

  • While the insured is on vacation, a power failure that occurs away from the insured's home causes the electricity to go off in the insured's neighborhood for 10 hours. As a result, large amounts of food stored in a freezer are ruined.

  • When Languid Lake overflows, the first story of the insured's home is flooded, causing extensive damage.

  • Following a fire, the insured suffers an additional loss because a city ordinance requires tht he replace his frame dwelling with more expensive fire-resistant materials.

  • An earthquake causes a fire that destroys the insured's home.

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Frage 15 von 15

7

The Johnson's home is covered by the DP-3. When a fire damages the home, they are forced to stay at a motel for a month while repairs are made. What coverage would reimburse them for these expenses?

Wähle eine der folgenden:

  • Coverage C - additional living space

  • Coverage E - additional living space

  • Coverage A (and; only if they had the additional open peril coverage)

  • None of the above.

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