Chapter 5

which of the following dwelling property forms insures against loss to dwelling on an open perils basis

DP-3

the standard deductible of a dwelling policy is

$500

extended coverages may be added to a dwelling property basic form for an additional premium. each of the following is covered by extended coverages except

vandalism damage

a dwelling policy provides property insurance coverage for damage to an insureds home and personal property. if this policy is written on an open peril basis and the insured suffers a loss by theft of attached building materials how will the insurer respond to the claim

pay the loss less the deductible

a dwelling property basic form is named peril policy. all of the following choices are covered perils in this standard policy except

loss as result of windstorm

a personal liability supplement added to a dwelling property policy

provides liability coverage for occurrences happening both on and off the premises

a standard dwelling property form provides no personal liability coverage. which of the following may be added to this type of policy to provide such protection to an insured

personal liability supplement

under the loss settlement clause of a DP policy which of the following policies provides dwelling and contents on an ACV basis

DP-1

max owns a home valued at $100,000 that he rents out. he purchases a special dwelling policy (DP-03) and insures the building for $80,000. a detached tool shed on the property is destroyed by fire. the shed was valued at $1,500 but costs $2,000 to replace. will his policy cover this loss

yes his policy will pay $2,000 the replacement cost of the tool shed

which of the following descriptions of dwelling program coverage forms is incorrect

the basic form pays for loss to the dwelling and detached other structures on a replacement cost basis