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  3. Personal Lines
  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Nevada Personal Lines exam — 43 practice questions.

Subtopics: Dwelling policy purpose, DP-1 perils, No built-in liability, Fair rental value, DP-3 special form, Extended coverage, Other structures, Purpose, No liability, DP-1 basic 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. The dwelling policy is most commonly used to insure:

Dwellings, including rentals and non-owner-occupied homes, that may not qualify for a homeowners policy

The dwelling policy insures dwellings, including rental and non-owner-occupied homes, that may not be eligible for a homeowners policy.

2. The DP-1 basic form, in its most limited version, covers a narrow list of perils beginning with:

Fire, lightning, and internal explosion

The DP-1 basic form initially covers a limited set of perils such as fire, lightning, and internal explosion, with others added by endorsement.

3. Compared with a homeowners policy, a standard dwelling policy generally:

Focuses on property coverage and does not automatically include personal liability

A dwelling policy is primarily property coverage; personal liability is not automatically included and must be added separately.

4. On a dwelling policy covering a rental house, the coverage that reimburses the owner for lost rental income after a covered loss is:

Coverage D fair rental value

Fair rental value coverage reimburses the owner for lost rental income while the dwelling is uninhabitable 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.