Free Dwelling Policy Practice Questions
Maryland Personal Lines exam (series 20-29) — 85 practice questions.
Subtopics: Dwelling vs homeowners, DP-1 basic form, Dwelling for rentals, Fair rental value, DP-3 form, Theft coverage, Other coverages, Purpose, No liability, DP-3 special form, Coverage A, Coverage B, Coverage C, Coverage D, Coverage E, Coverage A eligibility, 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, 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 differs from a homeowners policy because it generally:
Does not automatically include personal liability
Dwelling policies cover property exposures but, unlike homeowners forms, do not automatically include personal liability (it can be added).
2. The DP-1 (basic) dwelling form covers a limited set of perils, generally beginning with:
Fire, lightning, and internal explosion
The DP-1 basic form covers a narrow list of named perils, starting with fire, lightning, and internal explosion (other perils may be added).
3. A dwelling policy is commonly used to insure:
Rental or non-owner-occupied dwellings
Dwelling policies are frequently used for rental properties and dwellings not eligible for, or needing, a full homeowners policy.
4. The fair rental value coverage in a dwelling policy pays the landlord for:
Lost rent when the dwelling is unfit after a covered loss
Fair rental value reimburses the owner for lost rents during the time the dwelling cannot be rented due to a covered loss.
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.
