Dwelling Policy (DP)Câu 275 / 474
The broad and special dwelling forms differ from the basic form in that they settle:
a.Losses to personal property at full replacement cost too
b.Dwelling losses at replacement cost, not actual cash value
c.Dwelling losses at the home's current fair market value
d.Every covered loss at actual cash value after depreciation
Giải thích
Both the broad and special forms pay building losses at replacement cost, provided the insured carries the percentage of replacement cost the policy's loss-settlement condition demands. Personal property stays on an actual cash value basis unless a replacement cost endorsement is bought, so the contents answer overstates what the forms give.
Luyện miễn phí toàn bộ 474 câu hỏi — không cần đăng ký.
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
Câu hỏi liên quan cùng chủ đề
- When a dwelling policy settles a fair rental value claim, the insurer pays:
- A dwelling insured on a basic form is damaged by fire. The building loss is settled on:
- 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:
- 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:
- Why is theft of the insured's property not paid under an unendorsed dwelling policy?
- Burglars force a door on a dwelling insured on an unendorsed broad form and carry off a television. The policy pays for:
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Personal Lines Insurance License Exam · Quy trình kiểm tra