Dwelling Policy (DP)Pregunta 253 de 474
A family owns a lakeside cottage they use only in summer and rent to no one. Coverage on the cottage is:
a.Unavailable, because seasonal homes cannot be insured
b.Available only on a homeowners form for second homes
c.Available only if the cottage is occupied year round
d.Available on a dwelling policy as a seasonal dwelling
Explicación
Seasonal dwellings are within the dwelling program, which is one reason producers reach for it when a homeowners form does not fit the occupancy. The answer requiring year-round occupancy confuses eligibility with the vacancy condition, which suspends certain perils after a stated period rather than barring the policy from being written.
Practica las 474 preguntas gratis — sin registro.
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- A major difference between a Dwelling policy and a Homeowners policy is that the Dwelling policy:
- Compared with a homeowners policy, a dwelling policy is best described as:
- Which risk is eligible for coverage under a standard dwelling program?
- The unendorsed basic form of the dwelling policy insures the building against:
- Which group of perils does the extended coverage endorsement add to a basic dwelling form?
- A windstorm tears shingles off a dwelling insured on an unendorsed basic form. The loss is:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Personal Lines Insurance License Exam · Cómo revisamos