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  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Alaska Personal Lines exam — 43 practice questions.

Subtopics: Dwelling versus homeowners, DP-1 basic form, DP-3 special form, Fair rental value, Landlord use, Personal property option, Vacancy, Purpose, No liability, Coverage A, Coverage B, Coverage C, Coverage D, Coverage E, Eligible dwellings, Loss settlement, Extended coverage perils, Vandalism endorsement, Other coverages debris removal, Improvements by tenant, Personal liability supplement, Excluded perils, DP-2 broad form, Coverage C optional, Automatic increase, Theft endorsement, Reasonable repairs, Trees shrubs and plants, Fire department service charge, Property removed, Worldwide personal property, Definition of insured, Coinsurance clause, DP-3 loss settlement, Collapse coverage, Seasonal dwelling, Other structures rented, Lightning peril, Glass coverage, Fair rental value vs ALE, Ordinance or law

Read the Dwelling Policy study guide

Sample questions & answers

1. A dwelling policy differs from a homeowners policy because the dwelling policy:

Is often used for non-owner-occupied dwellings and does not automatically include the broad homeowners coverages

A dwelling policy is often used for rental or non-owner-occupied homes and lacks the automatic broad coverages of a homeowners policy.

2. The DP-1 basic dwelling form provides coverage on a:

Named perils basis covering a limited list of perils

The DP-1 basic form covers a limited list of named perils.

3. Compared with the DP-1 the DP-3 special dwelling form generally:

Covers the dwelling on an open perils basis

The DP-3 special form covers the dwelling on an open perils basis for direct physical loss except exclusions.

4. Fair rental value coverage under a dwelling policy pays the landlord for:

Lost rental income while the dwelling is uninhabitable after a covered loss

Fair rental value coverage reimburses lost rents while the dwelling is uninhabitable after a covered loss.

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Practice: Dwelling Policy

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.