Dwelling Policy (DP)Câu 283 / 474
A dwelling policy is written on a house that is still being built. Under the standard forms, that building is:
a.Treated as vacant until furniture is moved into it
b.Covered once a certificate of occupancy is issued
c.Insured only for materials sitting on the job site
d.Not treated as vacant while construction continues
Giải thích
The dwelling forms state that a building under construction is not considered vacant, so the vacancy condition that suspends vandalism and certain other perils does not bite during the build. A certificate of occupancy is a municipal document, not a condition of coverage, and the dwelling limit insures the structure itself as well as materials on site.
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Câu hỏi liên quan cùng chủ đề
- 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:
- A landlord insuring a rented house wants the building, the appliances she supplies, and her rental income protected. She needs:
- A dwelling in which the owner runs a small insurance office is:
- A neighbor's car skids off the road into a dwelling insured on a basic form with extended coverage. The damage is:
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