Dwelling Policy (DP)Question 277 of 474
Why is theft of the insured's property not paid under an unendorsed dwelling policy?
a.Theft is covered but capped at a small dollar sublimit
b.Theft is not one of the perils the form insures against
c.Theft losses are paid only after a police report is filed
d.Theft applies only while the dwelling is owner occupied
Explanation
No dwelling form, basic, broad, or special, carries theft as an insured peril, which is one of the sharpest differences from a homeowners policy. A theft coverage endorsement adds it. The sublimit answer imports the homeowners treatment of jewelry and firearms, where theft is covered but capped, into a form that does not insure theft at all.
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Related questions on this topic
- A basic form dwelling loses a roof section that costs $12,000 to replace and has depreciated $4,000. Before any deductible, the policy pays:
- The broad and special dwelling forms differ from the basic form in that they settle:
- A dwelling costs $300,000 to replace and is insured on a special form for $180,000 under an 80% loss-settlement condition. A partial building loss is settled:
- Burglars force a door on a dwelling insured on an unendorsed broad form and carry off a television. The policy pays for:
- A visitor slips on the steps of a rented dwelling and sues the owner. An unendorsed dwelling policy:
- A tenant renting a house may use a dwelling policy to insure:
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