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24 Cards in this Set
- Front
- Back
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How many days does a dwelling have to be vacant before vandalism is no longer covered?
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60 days
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Debris removal, improvements/alterations/additions, and other structures are all examples of what?
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other coverages |
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Computer software, hobby aircraft, and canoes are covered under which dwelling policy coverage?
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Coverage C - Personal Property |
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How many days does an insurer have to make a payment, after the proof of loss is submitted?
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60 days
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How long will a dwelling policy pay for a loss of use due to civil authority?
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2 weeks |
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Falling object coverage will pay damages to the interior. But, only if....
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the exterior is damaged first
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Which dwelling policy coverage provides compensation for loss of rental income?
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Coverage D |
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Which dwelling policy coverage forms cover internal explosion?
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All of them |
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The dwelling policy will cover outdoor equipment. But, only if....
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it is used to service the described location. |
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What must be added to an ISO policy form to make the policy conform to a particular state's renewal/cancellation provisions?
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a special provisions endorsement |
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Which of the dwelling policy coverage forms pay replacement cost for the dwelling?
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DP-2 and DP-3 |
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What stipulations must be met before broad theft coverage can be added to the dwelling policy?
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The dwelling must be owner-occupied.
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How long does removal coverage last?
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30 days |
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Which coverage applies to garages?
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Coverage B |
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What is automatic increase and how is it added to the policy?
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It provides an annual increase in insurance coverage to offset the effects of inflation. It is added by endorsement. |
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Which coverage pays for additional living expenses after a covered loss?
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Coverage E |
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What is the dwelling policy limit on silverware?
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$2500 |
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How is a loss settled under a DP-1 policy?
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ACV |
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What is the major difference between a dwelling policy and a homeowners policy?
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A dwelling policy does not include liability.
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If a policy has been in effect for less than 60 days, how many days notice must be given before cancellation?
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10 days |
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Which dwelling policies cover breakage of glass? |
DP-2 and DP-3 |
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Which dwelling form covers the land on which the property is located?
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None of them. Land is not covered. |
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Which dwelling coverage form provides theft coverage for personal property?
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None of them, unless endorsed. |
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What is the limit for Coverage E - Additional living expense?
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10% of coverage C
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