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  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Minnesota Personal Lines exam — 43 practice questions.

Subtopics: Dwelling versus homeowners, DP-1 basic form, DP-3 special form, Dwelling coverage, Fair rental value, Theft coverage, Typical use, 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 primarily because it generally does what?

Is often used for non-owner-occupied or rental dwellings with narrower coverage

A dwelling policy is often used for rental or non-owner-occupied homes and generally provides narrower coverage than a homeowners policy.

2. The DP-1 basic dwelling form generally covers losses on what basis?

A limited list of named perils

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

3. The DP-3 special dwelling form generally insures the dwelling on what basis?

Open perils (risks of direct physical loss except those excluded)

The DP-3 special form generally insures the dwelling on an open-perils basis, covering direct physical loss except for excluded causes.

4. Coverage A in a dwelling policy applies to what?

The dwelling structure

Coverage A in a dwelling policy applies to the dwelling structure itself.

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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.