P and C Exam Prep: Chapter 6a - 6b Homeowners & Dwellings

Question 1 of 15

1

Fill the blank space to complete the text.

compared to the homeowners policy, the dwelling policy provides (broader/more limited) _property coverage.

Explanation

Question 2 of 15

1

Which of the following could be covered under a dwelling policy? (choose all that apply)

Select one or more of the following:

Mobile home not permanently located
Home under construction
Townhouse
Home rented to another person
Five-unit apartment building

Explanation

Question 3 of 15

1

Which of the following coverages are contained in an unendorsed dwelling policy?

Select one or more of the following:

Dwelling
Other structures
Liability
Personal Property
Fair Rental Value
Medical payments to others

Explanation

Question 4 of 15

1

Which of the following items of personal property would be covered under a dwelling policy?

Select one of the following:

Motorcycle
Poodle
Pool Table
Sailboat

Explanation

Question 5 of 15

1

A DP-1 automatically provides coverage for:

Select one of the following:

fire, lightning, and internal explosions
lightning and internal explosions
extended coverage perils only
vandalism and malicious mischief

Explanation

Question 6 of 15

1

Under the DP-1, the insured may opt to have property covered against:

Select one of the following:

fire, lightning, and internal explosions
all of the perils described in A plus the extended coverage perils
all of the perils described in A plus the extended coverage perils and vandalism and malicious mischief
any of the above

Explanation

Question 7 of 15

1

The DP-2 insures against fire, lightning, and which of the following?

Select one of the following:

The extended coverage perils, V&MM, and additional perils
The extended coverage perils only
V&MM only

Explanation

Question 8 of 15

1

The DP-3 provides:

Select one of the following:

basic coverage for the dwelling and broad coverage for personal property
broad coverage for the dwelling and basic coverage for personal property
open peril coverage for the dwelling and broad coverage for personal property
open peril coverage for both the dwelling and personal property

Explanation

Question 9 of 15

1

Which of the following other coverages are included in all dwelling forms? (choose all that apply)

Select one or more of the following:

Collapse
Fire department service charge
Debris removal
Reasonable repair
Trees, shrubs, and other plants
Glass or safety glazing material
Property removed

Explanation

Question 10 of 15

1

Under which of the dwelling forms may the insured be reimbursed for the replacement cost when the dwelling is destroyed?

Select one of the following:

All dwelling forms
DP-1 Only
DP-2 and DP-3
DP-3 only

Explanation

Question 11 of 15

1

the insured has a DP-3 covering a home that has a replacement value of $100,000. The insured carries $60,00 of insurance. Following a loss, it is determined that it would cost $12,000 to replace the damaged portion of the home. How much could the insured collect, assuming the ACV of the loss is $6,000?

Select one of the following:

$6,000
$9,000
$12,000
Nothing

Explanation

Question 12 of 15

1

Which dwelling forms pay losses to personal property on an actual cash value basis?

Select one of the following:

DP-1
DP-2
DP-3
All of the above

Explanation

Question 13 of 15

1

Which of the following would be covered under Coverage A or Coverage B of the dwelling policy?

Select one or more of the following:

A storage shed 100 feet in back of the insured's dwelling where she keeps various yard tools
A detached garage that has been altered to house a manufacturing operation
A stack of lumber placed at the edge of the insured's property that will be used to construct a boat shed
A water softener and water heater located in the insured's attached garage

Explanation

Question 14 of 15

1

Which of the following losses would be excluded under DP-1?

Select one or more of the following:

While the insured is on vacation, a power failure that occurs away from the insured's home causes the electricity to go off in the insured's neighborhood for 10 hours. As a result, large amounts of food stored in a freezer are ruined.
When Languid Lake overflows, the first story of the insured's home is flooded, causing extensive damage.
Following a fire, the insured suffers an additional loss because a city ordinance requires tht he replace his frame dwelling with more expensive fire-resistant materials.
An earthquake causes a fire that destroys the insured's home.

Explanation

Question 15 of 15

7

The Johnson's home is covered by the DP-3. When a fire damages the home, they are forced to stay at a motel for a month while repairs are made. What coverage would reimburse them for these expenses?

Select one of the following:

Coverage C - additional living space
Coverage E - additional living space
Coverage A (and; only if they had the additional open peril coverage)
None of the above.

	Created by ltcolonelswife over 8 years ago

This practice quiz covers material presented in Geico's P and C Exam Prep Class for Chapters 6a-6b, Homeowners and Dwellings

P and C Exam Prep: Chapter 6a - 6b Homeowners & Dwellings

Question 1 of 15

Fill the blank space to complete the text.

compared to the homeowners policy, the dwelling policy provides (broader/more limited) _property coverage.

Explanation

Question 2 of 15

Which of the following could be covered under a dwelling policy? (choose all that apply)

Select one or more of the following:

Explanation

Question 3 of 15

Which of the following coverages are contained in an unendorsed dwelling policy?

Select one or more of the following:

Explanation

Question 4 of 15

Which of the following items of personal property would be covered under a dwelling policy?

Select one of the following:

Explanation

Question 5 of 15

A DP-1 automatically provides coverage for:

Select one of the following:

Explanation

Question 6 of 15

Under the DP-1, the insured may opt to have property covered against:

Select one of the following:

Explanation

Question 7 of 15

The DP-2 insures against fire, lightning, and which of the following?

Select one of the following:

Explanation

Question 8 of 15

The DP-3 provides:

Select one of the following:

Explanation

Question 9 of 15

Which of the following other coverages are included in all dwelling forms? (choose all that apply)

Select one or more of the following:

Explanation

Question 10 of 15

Under which of the dwelling forms may the insured be reimbursed for the replacement cost when the dwelling is destroyed?

Select one of the following:

Explanation

Question 11 of 15

Select one of the following:

Explanation

Question 12 of 15

Which dwelling forms pay losses to personal property on an actual cash value basis?

Select one of the following:

Explanation

Question 13 of 15

Which of the following would be covered under Coverage A or Coverage B of the dwelling policy?

Select one or more of the following:

Explanation

Question 14 of 15

Which of the following losses would be excluded under DP-1?

Select one or more of the following:

Explanation

Question 15 of 15

The Johnson's home is covered by the DP-3. When a fire damages the home, they are forced to stay at a motel for a month while repairs are made. What coverage would reimburse them for these expenses?

Select one of the following:

Explanation