Free Dwelling Policy Practice Questions
South Carolina Personal Lines exam — 85 practice questions.
Subtopics: Use, DP-1 basic form, No automatic liability, Fair rental value, DP-3 special form, Personal property, Typical purchaser, Purpose, No liability, Coverage A, Coverage B, Coverage C, Coverage D, Coverage E, Coverage A eligibility, 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, DP-1 perils, DP-1 vehicles peril, Windstorm peril, DP-1 vandalism, Other structures, Rental value and ALE, Civil authority, Tenant improvements, Coverage C location, Property not covered, Coverage A scope, Coverage B exclusions, DP-3 open perils exclusions, Vacancy, DP-3 Coverage C perils, DP-2 perils, DP-1 trees exclusion, Fire department charges, Collapse, Replacement cost settlement, Cancellation, Nonrenewal, Mortgagee notice, Other insurance, Earth movement, Water exclusion, Freezing, Eligibility, Guest property, Newly acquired residence, Intentional loss, Glass breakage, DP forms, Dwelling liability
Read the Dwelling Policy study guide
Sample questions & answers
1. The dwelling policy is most often used to insure:
A dwelling that is not owner-occupied, such as a rental
The dwelling policy is commonly used for non-owner-occupied dwellings, such as rental houses, and homes ineligible for an HO policy.
2. The DP-1 (basic form) dwelling policy covers a limited list of perils on a:
Named-peril basis
The DP-1 basic form provides coverage for a limited list of named perils.
3. Unlike a homeowners policy, the basic dwelling policy generally does not automatically include:
Personal liability coverage
The dwelling policy focuses on property coverage and does not automatically include personal liability, which must be added.
4. The dwelling policy's fair rental value coverage pays the owner for:
Lost rent after a covered loss
Dwelling Coverage D pays the fair rental value of the part of the described location rented to others when a covered loss makes it unfit for its normal use.
Practice: Dwelling Policy
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.
