3622600
Descripción
Test por ltcolonelswife, actualizado hace más de 1 año
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Creado por ltcolonelswife
hace casi 9 años
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Pregunta 1
Pregunta
compared to the homeowners policy, the dwelling policy provides (broader/more limited) [blank_start]_______________________[blank_end]_property coverage.
Respuesta
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more limited
Pregunta 2
Pregunta
Which of the following could be covered under a dwelling policy? (choose all that apply)
Respuesta
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Mobile home not permanently located
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Home under construction
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Townhouse
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Home rented to another person
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Five-unit apartment building
Pregunta 3
Pregunta
Which of the following coverages are contained in an unendorsed dwelling policy?
Respuesta
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Dwelling
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Other structures
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Liability
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Personal Property
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Fair Rental Value
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Medical payments to others
Pregunta 4
Pregunta
Which of the following items of personal property would be covered under a dwelling policy?
Respuesta
-
Motorcycle
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Poodle
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Pool Table
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Sailboat
Pregunta 5
Pregunta
A DP-1 automatically provides coverage for:
Respuesta
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fire, lightning, and internal explosions
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lightning and internal explosions
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extended coverage perils only
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vandalism and malicious mischief
Pregunta 6
Pregunta
Under the DP-1, the insured may opt to have property covered against:
Respuesta
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fire, lightning, and internal explosions
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all of the perils described in A plus the extended coverage perils
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all of the perils described in A plus the extended coverage perils and vandalism and malicious mischief
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any of the above
Pregunta 7
Pregunta
The DP-2 insures against fire, lightning, and which of the following?
Respuesta
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The extended coverage perils, V&MM, and additional perils
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The extended coverage perils only
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V&MM only
Pregunta 8
Pregunta
The DP-3 provides:
Respuesta
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basic coverage for the dwelling and broad coverage for personal property
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broad coverage for the dwelling and basic coverage for personal property
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open peril coverage for the dwelling and broad coverage for personal property
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open peril coverage for both the dwelling and personal property
Pregunta 9
Pregunta
Which of the following other coverages are included in all dwelling forms? (choose all that apply)
Respuesta
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Collapse
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Fire department service charge
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Debris removal
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Reasonable repair
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Trees, shrubs, and other plants
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Glass or safety glazing material
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Property removed
Pregunta 10
Pregunta
Under which of the dwelling forms may the insured be reimbursed for the replacement cost when the dwelling is destroyed?
Respuesta
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All dwelling forms
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DP-1 Only
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DP-2 and DP-3
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DP-3 only
Pregunta 11
Pregunta
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?
Respuesta
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$6,000
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$9,000
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$12,000
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Nothing
Pregunta 12
Pregunta
Which dwelling forms pay losses to personal property on an actual cash value basis?
Respuesta
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DP-1
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DP-2
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DP-3
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All of the above
Pregunta 13
Pregunta
Which of the following would be covered under Coverage A or Coverage B of the dwelling policy?
Respuesta
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A storage shed 100 feet in back of the insured's dwelling where she keeps various yard tools
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A detached garage that has been altered to house a manufacturing operation
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A stack of lumber placed at the edge of the insured's property that will be used to construct a boat shed
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A water softener and water heater located in the insured's attached garage
Pregunta 14
Pregunta
Which of the following losses would be excluded under DP-1?
Respuesta
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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.
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When Languid Lake overflows, the first story of the insured's home is flooded, causing extensive damage.
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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.
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An earthquake causes a fire that destroys the insured's home.
Pregunta 15
Pregunta
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?
Respuesta
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Coverage C - additional living space
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Coverage E - additional living space
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Coverage A (and; only if they had the additional open peril coverage)
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None of the above.
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