1. Exam Prep
  2. South Carolina
  3. Personal Lines
  4. Dwelling Policy

Free Dwelling Policy Practice Questions

South Carolina Personal Lines exam — 43 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, 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 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 rental income when the dwelling is uninhabitable due to a covered loss

Fair rental value coverage reimburses lost rental income when a covered loss makes the rented dwelling uninhabitable.

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 Pennsylvania Insurance Department and the exam administrator before relying on it.