Free Dwelling Policy Practice Questions
Tennessee Personal Lines exam — 85 practice questions.
Subtopics: Use of dwelling policy, Coverage comparison, DP-1 form, DP-3 form, Fair rental value, Other structures, Perils insured, Purpose, No liability, DP-1 basic form, 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, 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. The dwelling policy is commonly used to insure:
Rental dwellings and non-owner-occupied homes
The dwelling policy is commonly used for rental dwellings or homes that are not owner-occupied and do not fit the homeowners program.
2. Compared with a homeowners policy, the basic dwelling policy generally:
Omits liability and theft coverage unless added
The basic dwelling policy does not automatically include personal liability or theft coverage; those may be added.
3. The DP-1 (basic) dwelling form generally covers losses on a:
Named-perils basis with a limited list
The DP-1 basic form covers a limited list of named perils such as fire and lightning, with others available by extension.
4. The DP-3 dwelling form generally insures the dwelling on a(n):
Open-perils (special) basis
The DP-3 special form insures the dwelling on an open-perils basis, covering all perils except those excluded.
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.
