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  4. Dwelling Policy

Free Dwelling Policy Practice Questions

Wisconsin Personal Lines exam — 43 practice questions.

Subtopics: Dwelling policy use, DP-1 basic form, Fair rental value, Coverage difference from HO, DP-3 special form, Other coverages, Vacancy concerns, 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. A dwelling policy (DP) is typically used to insure:

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

Dwelling policies are commonly used for non-owner-occupied or rental dwellings that do not qualify for homeowners forms.

2. The DP-1 basic dwelling form covers a limited set of perils typically including:

Fire, lightning, and internal explosion

The DP-1 basic form covers a narrow list of named perils such as fire, lightning, and internal explosion.

3. Fair rental value coverage in a dwelling policy pays:

Lost rental income when a covered loss makes the rental uninhabitable

Fair rental value reimburses the landlord for lost rent when a covered loss renders the rental property uninhabitable.

4. A key difference between a dwelling policy and a homeowners policy is that the dwelling policy:

Does not automatically include the same broad personal liability and contents coverage

Dwelling policies focus on the structure and may not automatically include the broad liability and contents coverage of a homeowners policy.

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.