1. Exam Prep
  2. Vermont
  3. Personal Lines
  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Vermont Personal Lines exam — 67 practice questions.

Subtopics: Appropriate use, Basic form, Liability difference, Fair rental value, Special form, Vacancy, HO purpose, HO-3 special form, HO-5 comprehensive, HO-4 renters, HO-6 condo, HO-8 modified, Coverage A, Coverage B, Coverage C, Coverage D, Coverage E, Coverage F, Medical payments exclusion, Special limits jewelry, Scheduled personal property, Coverage C off-premises, Replacement cost dwelling, Personal property loss settlement, Liability exclusion business, Liability exclusion intentional, Auto exclusion, Additional coverage debris removal, Loss assessment, Ordinance or law, Water backup endorsement, Earthquake exclusion, Flood exclusion, Section II exclusion own injury, Eligibility owner-occupied, Identity theft endorsement, HO-2 broad form, Coverage B default, Coverage D default, Trees shrubs plants limit, Credit card forgery coverage, Fire department service charge, Collapse coverage, Reasonable repairs, Property removed, Special limit money, Special limit securities, Special limit silverware theft, Special limit firearms theft, Special limit business property, Off-premises property limit, Mold limitation, Section I deductible, Damage to property of others, First aid expenses, Claim expenses, Business pursuits endorsement, Permitted incidental occupancy, Watercraft liability, Personal injury endorsement, Insured location definition, Residence premises definition, Property of others under Coverage C, Severability of insurance, Refrigerated property endorsement, Building materials under Coverage A, Coinsurance calculation

Read the Dwelling Policy study guide

Sample questions & answers

1. A dwelling property (DP) policy is most appropriate for:

A rental or non-owner-occupied dwelling

The dwelling policy is often used for rental or non-owner-occupied dwellings and does not automatically include liability.

2. The DP-1 (basic form) dwelling policy primarily covers losses on:

A limited named-perils basis, such as fire and lightning

DP-1 covers a limited list of named perils, commonly fire, lightning, and internal explosion, with others added optionally.

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

Does not automatically include personal liability or theft coverage

Unlike homeowners forms, the dwelling policy does not automatically include broad liability or theft coverage.

4. Fair rental value coverage under a dwelling policy pays the landlord for:

Lost rental income while the dwelling is being repaired after a covered loss

Fair rental value reimburses the owner for lost rents while a rented dwelling is untenantable due to a covered loss.

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.