Free Dwelling Policy Concepts Practice Questions
Ohio Property & Casualty exam (series 11-36) — 40 practice questions.
Subtopics: DP-3, Fair rental value, Vacancy, Coverage forms, Characteristics, Property coverages, Perils insured against, Eligibility, Other structures, DP-1 basic form, DP-3 special form, Additional living expense, Replacement cost loss settlement, Other coverages, Coverage A property, DP-1 perils, DP-1 loss settlement, DP-2 perils, DP-3 personal property, Cancellation, Personal liability supplement, Selected endorsements, Loss settlement
Read the Dwelling Policy Concepts study guide
Sample questions & answers
1. The ISO DP 00 03 (special form) insures the dwelling and other structures against:
Direct physical loss unless excluded (open perils)
DP 00 03 insures against direct physical loss to property in Coverages A and B, subject to exclusions.
2. A landlord's ISO dwelling policy pays lost rent when a covered loss makes the rented part unfit for use under:
Coverage D - Fair Rental Value
DP 00 03 Coverage D pays the fair rental value of the part rented to others that a covered loss makes unfit for its normal use.
3. Under DP 00 03, vandalism and malicious mischief damage is not covered if the dwelling has been vacant for more than:
60 consecutive days before the loss
The special dwelling form excludes vandalism loss if the dwelling has been vacant for more than 60 consecutive days immediately before the loss.
4. The Dwelling policy form that provides open-peril (special form) coverage on the dwelling structure is the:
DP-3
The DP-3 provides special (open-peril) coverage on the dwelling and other structures; DP-1 is basic and DP-2 is broad named-peril.
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Practice: Dwelling Policy Concepts
Answer choices are shuffled every time, and every question comes with an explanation.
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.
