Free Dwelling Policy Concepts Practice Questions
California Property Broker-Agent exam (series Property) — 63 practice questions.
Subtopics: Mandatory earthquake offer, Earthquake offer timing, California Earthquake Authority, Earthquake acceptance period, CEA deductible, Wildfire mitigation, Peril disclosure, Wildfire smoke, Earthquake offer methods, CEA eligibility, CEA nature, Eligibility, DP-1 basic, DP-3 special, Coverage A, Coverage B, Coverage C, Fair rental value, Additional living expense, Theft not covered, No liability in base, Inflation guard, Dwelling under construction, Extended coverage perils, DP-2 broad form, Broad theft endorsement, Dwelling replacement cost settlement, Personal Liability Supplement medical payments, Vandalism and malicious mischief, Recovered property, Personal property loss settlement, Improvements and betterments, Personal property off-premises, Trees shrubs and plants, Internal explosion, Property not covered, Functional Replacement Cost endorsement, DP-2 burglar damage, DP-3 vs DP-2, DP Coverage E, Fair rental value calc, DP civil authority, DP money excluded, DP Coverage A materials, DP general exclusion, DP water backup, DP freezing, DP windstorm interior, DP smoke peril, DP-3 theft not covered, DP reasonable repairs, DP ordinance or law, DP-3 exclusions, DP Coverage C named perils, DP deductible, DP vacancy - glass, DP mortgagee rights, DP Coverage B, DP-2 replacement cost, DP volcanic eruption, Dwelling forms, Dwelling coverages
Read the Dwelling Policy Concepts study guide
Sample questions & answers
1. An insurer issuing a California residential property policy must:
Offer the insured earthquake coverage
California requires insurers to offer earthquake coverage in conjunction with a residential property policy.
2. If a California homeowner does not accept the earthquake offer, the insurer must re-offer the coverage:
On an every-other-year basis
If the offer is not accepted, the insurer must re-offer earthquake coverage on an every-other-year basis.
3. Residential earthquake policies in California are commonly provided through the:
California Earthquake Authority
The California Earthquake Authority is a state-created entity that provides residential earthquake coverage.
4. A California homeowner generally has how long to accept a mailed offer of earthquake coverage before it is presumed declined?
30 days
The statutory earthquake offer notice gives the insured 30 days from mailing to accept before it is presumed not accepted.
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Practice: Dwelling Policy Concepts
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.
