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  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Tennessee Personal Lines exam — 43 practice questions.

Subtopics: Use of dwelling policy, Coverage comparison, DP-1 form, DP-3 form, Fair rental value, Other structures, Perils insured, 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. The dwelling policy is commonly used to insure:

Dwellings that may be rented to others or are not owner-occupied

The dwelling policy is commonly used for rental dwellings or homes that are not owner-occupied and do not fit the homeowners program.

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

Does not automatically include personal liability or theft coverage

The basic dwelling policy does not automatically include personal liability or theft coverage; those may be added.

3. The DP-1 (basic) dwelling form generally covers losses on a:

Named-perils basis for a limited list of perils

The DP-1 basic form covers a limited list of named perils such as fire and lightning, with others available by extension.

4. The DP-3 dwelling form generally insures the dwelling on a(n):

Open-perils (special) basis

The DP-3 special form insures the dwelling on an open-perils basis, covering all perils except those excluded.

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.