Free Dwelling Policy Practice Questions
Arkansas Personal Lines exam — 85 practice questions.
Subtopics: Dwelling policy purpose, DP-1 basic form, DP-3 special form, Liability on dwelling, Fair rental value, Dwelling versus homeowners, Extended coverage perils, Purpose, No liability, Coverage A, Coverage B, Coverage C, Coverage D, Coverage E, Coverage A eligibility, Loss settlement, 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, DP-1 perils, DP-1 vehicles peril, Windstorm peril, DP-1 vandalism, Other structures, Rental value and ALE, Civil authority, Tenant improvements, Coverage C location, Property not covered, Coverage A scope, Coverage B exclusions, DP-3 open perils exclusions, Vacancy, DP-3 Coverage C perils, DP-2 perils, DP-1 trees exclusion, Fire department charges, Collapse, Replacement cost settlement, Cancellation, Nonrenewal, Mortgagee notice, Other insurance, Earth movement, Water exclusion, Freezing, Eligibility, Guest property, Newly acquired residence, Intentional loss, Glass breakage, DP forms, Dwelling liability
Read the Dwelling Policy study guide
Sample questions & answers
1. A dwelling policy (DP) is commonly used to insure:
A dwelling rented to others
Dwelling forms are commonly used for dwellings that are not owner-occupied, such as rentals; the DP-3 includes Fair Rental Value for property rented to others.
2. The DP-1 (basic form) dwelling policy generally covers:
A limited list of named perils such as fire and, by extension, certain others
The DP-1 covers a limited list of named perils, with extended coverage perils available by endorsement.
3. The DP-3 (special form) dwelling policy generally insures the dwelling on an:
Open-perils basis for the dwelling
The DP-3 insures Coverages A and B against direct physical loss unless excluded.
4. Personal liability coverage under a dwelling policy is:
Not automatic, but can be added by endorsement
A dwelling policy does not automatically include personal liability, but it can be added by endorsement.
Practice: Dwelling Policy
Answer choices are shuffled every time, and every question comes with an explanation.
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.
