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  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Delaware Personal Lines exam — 43 practice questions.

Subtopics: DP-1 basic form, DP-2 broad form, DP-3 special form, Coverage differences, Typical use, Fair rental value, 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, 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. The DP-1 dwelling policy is a basic form that covers a limited set of perils and commonly settles dwelling losses on a(n):

Actual cash value basis for a few named perils

The DP-1 basic form covers a narrow list of perils and typically settles losses on an actual cash value basis.

2. The DP-2 dwelling broad form provides:

A broader list of named perils and replacement cost coverage on the dwelling

The DP-2 broad form adds more named perils and provides replacement cost coverage on the dwelling.

3. The DP-3 dwelling special form covers the dwelling on a(n):

Open-perils basis

The DP-3 special form covers the dwelling on an open-perils basis, insuring against risks not specifically excluded.

4. Unlike a homeowners policy, a dwelling policy generally does not automatically include:

Personal liability and theft coverage

A dwelling policy focuses on the structure and generally must add personal liability and theft coverage 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.