Dwelling & Homeowners

Question 1

Which of the following is not eligible under the dwelling program?

A) Dwelling has 5 roomer
B) Dwelling has 4 apartment units
C) Dwelling includes a piano school
D) Dwelling is located on a farm

Answer 1

D) Dwelling is located on a farm

Question 2

Which of the following dwelling program forms covers the building on an open peril basis?

A) DP-1 Basic form
B) DP-2 Broad form
C) DP-3 Special form
D) DP-4 Liability form

Answer 2

C) Special form

Question 3

Which of the following dwelling forms pays for losses to the dwelling on an actual cash value basis?

A) DP-1 Basic form
B) DP-2 Broad form
C) DP-3 Special form
D) DP-4 Liability form

Answer 3

A) DP-1 Basic form

Question 4

An attached carport is covered under which of the following coverages?

A) Coverage A - Dwelling
B) Coverage B - Other structures
C) Coverage C - Personal Property
D) Fair Rental Value

Answer 4

A) Coverage A - Dwelling

Question 5

All of the following are covered under Coverage B - Other Structures EXCEPT:

A) Swimming pool
B) Construction Material
C) Shed
D) Storage building

Answer 5

B) Construction material

Question 6

Which coverage pays for the loss of rent due to direct loss to the dwelling from a covered peril?

A) Coverage B - Other Structures
B) Coverage C - Personal Property
C) Coverage D - Fair rental Value
D) Coverage E - Additional living expense

Answer 6

C) Coverage D - Fair rental value

Question 7

All of the following are types of property NOT covered under Coverage C - Personal property EXCEPT:

A) A dog
B) Canoe
C) Motor Vehicles
D) Credit Cards or fund transfer cards

Answer 7

B) Canoe

Question 8

The limit of insurance for the Other Coverage Trees, Shrubs, and Other Plants is provided at which percentage of the Coverage A limit?

A) 5%
B) 10%
C) 50%
D) 100%

Answer 8

A) 5%

Question 9

Which of the following is NOT true about coverage for Property Removed?

A) Property is covered while being removed from the premises to avoid a covered loss
B) Coverage applies under the DP-3 form for 30 days while the property is removed
C) Coverage does not increase the limit of insurance that applies to the property removed
D) Property coverage applies under the DP-1 policy for 30 days while the property is removed

Answer 9

D) Property coverage applies under the DP-1 policy for 30 days while the property is removed

Question 10

Which of the following does NOT apply to the Other Coverage Glass or Safety Glazing Material?

A) Covers glass that is part of a covered structure
B) Applies to all dwelling forms
C) No coverage applies if a dwelling is vacant for 60 consecutive days before the loss
D) May be settled on a replacement cost basis

Answer 10

B) Applies to all dwelling forms

Question 11

The Earth Movement exclusion contains all of the following perils, EXCEPT:

A) Mudflow
B) Explosion
C) Landslide
D) Earthquake

Answer 11

B) Explosion

Question 12

What type of power failure is excluded under all of the dwelling forms?

A) Power failure that occurs on the insured premises
B) Power failure that causes a fire to a neighboring property
C) Power failure that occurs off the insured premises
D) Power failure that causes a fire on the described location

Answer 12

C) Power failure that occurs off the insured premise

Question 13

All of the following statements are TRUE about the Broad Theft Coverage endorsement, EXCEPT:

A) It does not apply to the DP-1
B) Both on- and off- premises coverage is available
C) Theft and attempted theft are covered
D) Resulting damage caused by malicious mischief and vandalism is covered

Answer 13

A) It does not apply to the DP-1

Question 14

The Personal Liability endorsement includes each of the following additional coverages, EXCEPT:

A) First aid expenses
B) Damage to the property of others
C) Claims expenses
D) Debris removal

Answer 14

D) Debris removal

Question 15

The automatic increase in insurance endorsement typically increases Coverages A and B by which of the following?

A) A flat amount
B) A percentage designed on the endorsement
C) $10,000
D) $25,000

Answer 15

B) A percentage designed on the endorsement

Question 16

An owner of a condominium unit would would purchase which Homeowner form?

A) HO-2, Broad Form
B) HO-4, Contents Broad Form
C) HO-6, unit-owners form
D) HO-8, Modified Coverage Form

Answer 16

C) HO-6, Unit-owners forms

Question 17

In what way is the HO-5, Comprehensive Form, different from the HO-3, Special Form?

A) Personal property is valued at actual cash value
B) Personal property is insured on an open peril basis
C) The dwelling is valued at replacement cost
D) The dwelling is insured on an open peril basis

Answer 17

B) Personal property is insured on an open peril basis

Question 18

A related, full-time student away at school and under what age is considered an insured on the Homeowner policy?

A) 18
B) 19
C) 20
D) 24

Answer 18

D) 24

Question 19

Coverage A - dwelling does not cover vandalism and malicious mischief if the dwelling has been vacant for how many days?

A) 20
B) 30
C) 60
D) 90

Answer 19

C) 60

Question 20

The amount of insurance provided for Coverage C is what percentage of Coverage A on a HO-3, Special Form?

A) 15%
B) 25%
C) 35%
D) 50%

Answer 20

D) 50%

Question 21

All of the following special limits of Coverage C are correct EXCEPT:

A) $200 for money
B) $2,500 for theft of firearms
C) $1,500 for a trailer not used with watercraft
D) $2,500 for business property away from premises

Answer 21

D) $2,500 for business away from premises

Question 22

The automatic limit for Coverage D - Fair rental value is what percentage of Coverage A under an HO-3, Special Form?

A) 10
B) 20
C) 30
D) 50

Answer 22

C) 30

Question 23

The landlord’s furnishings endorsement provides up to $_____ of coverage

A) 500
B) 1,000
C) 2,000
D) 2,500

Answer 23

D) 2,500

Question 24

Which of the following is a Section I exclusion in the Homeowner policy?

A) Government Action
B) Property Removed
C) Loss Assessment
D) Debris Removal

Answer 24

A) Government Action

Question 25

The Water Back Up and Sump Discharge or Overflow endorsement provides how much coverage for damaged property?

A) $2,500
B) $5,000
C) $7,500
D) $10,000

Answer 25

B) $5,000

Question 26

All of the following are covered by Coverage F - Medical Payments to Others, EXCEPT:

A) An injury to the insured while mowing the lawn
B) A Neighbor’s injury caused by an insured’s activity
C) An injury to another person caused by a residence employee while mowing the lawn
D) A guest is injured while visiting the insured at home

Answer 26

A) An injury to the insured while mowing the lawn

Question 27

Section II Additional Coverages includes Damage to Property of Others for what limit of insurance?

A) $15,000
B) $12,500
C) $1,000
D) $500

Answer 27

C) $1,000

Question 28

Which of the following is excluded under the Section II exclusions?

A) Vehicle in dead storage
B) Motorized golf cart approved for use while golfing
C) Non-owned vehicle used off public roads
D) Vehicle used to assist the handicapped and parked in a public lot

Answer 28

D) Vehicle used to assist the handicapped and parked in a public lot

Question 29

The duties required of an injured person seeking coverage under Medical Payments to Others include all of the following, EXCEPT:

A) Promptly notify the insurer of any notice or demand
B) Submit to a physical exam by the insurer’s physician
C) Cooperate with the insurer
D) Help the insurer in settling the claim

Answer 29

D) Help the insurer in settling the claim

Question 30

Which of the following boats is covered under the watercraft liability endorsement?

A) A watercraft rented to another person
B) A 20-foot sail boat
C) A jet boat
D) A boat used to practice for a race

Answer 30

B) A 20-foot sail boat