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  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Virginia Personal Lines exam — 43 practice questions.

Subtopics: Purpose, DP-1 basic form, DP-3 form, No liability built in, Fair rental value, Coverage for contents, Perils insured, No liability, 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. A dwelling policy is commonly used to insure:

A dwelling that may not be owner-occupied, such as a rental

Dwelling policies cover residential property, including non-owner-occupied dwellings such as rentals.

2. The DP-1 (basic) dwelling form is generally a:

Named-peril form covering limited perils

The DP-1 is a basic named-peril dwelling form covering a limited set of perils.

3. The DP-3 (special) dwelling form typically insures the dwelling on:

An open-peril basis

The DP-3 special form insures the dwelling on an open-peril basis.

4. Compared with a homeowners policy, a basic dwelling policy generally:

Does not automatically include personal liability coverage

Dwelling policies focus on property; personal liability is not automatically included and may be added.

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.