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  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Arkansas Personal Lines exam — 43 practice questions.

Subtopics: Dwelling policy purpose, DP-1 basic form, DP-3 special form, Liability on dwelling, Fair rental value, Dwelling versus homeowners, Extended coverage perils, Purpose, No liability, Coverage A, Coverage B, Coverage C, Coverage D, Coverage E, Eligible dwellings, Loss settlement, 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 (DP) is commonly used to insure:

A dwelling that is rented to others or not owner-occupied

A dwelling policy is commonly used for rental or non-owner-occupied dwellings.

2. The DP-1 (basic form) dwelling policy generally covers:

A limited list of named perils such as fire and, by extension, certain others

The DP-1 covers a limited list of named perils, with extended coverage perils available by endorsement.

3. The DP-3 (special form) dwelling policy generally insures the dwelling on an:

Open-perils basis, covering risks not specifically excluded

The DP-3 insures the dwelling on an open-perils basis, covering risks except those excluded.

4. Personal liability coverage under a dwelling policy is:

Not automatic, but can be added by endorsement

A dwelling policy does not automatically include personal liability, but it can be added by endorsement.

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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.