PROPERTY INSURANCE

Which of the following statements regarding a DP-2 policy form is FALSE? A) Detached structures on the covered property (Coverage B) are covered for up to 10% of the Coverage A limit. B) Coverage D. "Fair Rental Value* will pay up to 20% of the Coverage A policy limit. C) As long as all requirements are met, replacement cost is the basis used for paying claims covered by Coverage f D) Coverage A covers personal property at the described premises. Which of the following would NOT generally be included in the supplementary payments portion of a liability policy? A) Post judgment interest B) Premiums for certain types of bonds C) Expenses incurred in the investigation of a claim D) Damage to property owned by the insured The builders risk coverage form identifies specific reasons coverage may cease. Which of the following is NOT a reason for coverage to cease? A) the building is occupied or put to its intended use B) construction is abandoned C) the insured's interest in the property ceases D) 10 days have elapsed since construction was completed In the building and personal property coverage form, coverage for pollutant clean-up and removal is A) provided as a coverage extension B) excluded C) provided by adding the spoilage endorsement to the form D) provided as an additional coverage What Personal Intand Marine form covers an insured's personal belongings, such as baggage, while the insured is traveling? A) Personal property form B) Floater form C) Travel and accident form D) Personal effects form A basic dwelling policy automatically includes coverage for fire, lightning, and A) the extended coverage perils B) vandalism and malicious mischief C) liability D) internal explosion