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  4. Dwelling Policy

Free Dwelling Policy Practice Questions

New Jersey Personal Lines exam — 42 practice questions.

Subtopics: Use, Liability, DP-1, DP-3, Coverage, Fair rental value, Purpose, No liability, DP-1 basic form, 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 (rather than a homeowners policy) is often used to insure:

A rental or non-owner-occupied dwelling

Dwelling policies commonly cover rental or non-owner-occupied homes that do not qualify for a homeowners form.

2. Compared with a homeowners policy, a basic dwelling policy generally:

Does not automatically include personal liability coverage

Unlike homeowners forms, a dwelling policy does not automatically include personal liability; it can be added.

3. The DP-1 (basic form) dwelling policy primarily covers perils such as:

Fire, lightning, and (with addition) extended coverage perils

DP-1 covers a limited set of named perils, principally fire and lightning, with extended coverage available.

4. The DP-3 (special form) dwelling policy typically insures the dwelling on:

An open-perils basis

DP-3 covers the dwelling on an open-perils basis, similar to the HO-3 approach.

All Personal Lines topics

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.