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  3. Personal Lines
  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Maryland Personal Lines exam — 43 practice questions.

Subtopics: Dwelling vs homeowners, DP-1 basic form, Dwelling for rentals, Fair rental value, DP-3 form, Theft coverage, Other coverages, Purpose, No liability, DP-3 special form, 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 it generally:

Does not automatically include personal liability coverage

Dwelling policies cover property exposures but, unlike homeowners forms, do not automatically include personal liability (it can be added).

2. The DP-1 (basic) dwelling form covers a limited set of perils, generally beginning with:

Fire, lightning, and internal explosion

The DP-1 basic form covers a narrow list of named perils, starting with fire, lightning, and internal explosion (other perils may be added).

3. A dwelling policy is commonly used to insure:

Rental or non-owner-occupied dwellings

Dwelling policies are frequently used for rental properties and dwellings not eligible for, or needing, a full homeowners policy.

4. The fair rental value coverage in a dwelling policy pays the landlord for:

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

Fair rental value reimburses the owner for lost rents during the time the dwelling cannot be rented due to 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.