Which of the Following Statements About Dwelling Property 1 (Basic

question 20

Multiple Choice

Which of the following statements about Dwelling Property 1 (basic form) is true?

• A)Coverage on the dwelling is written on a replacement cost basis.
• B)The full amount of personal property coverage applies to property away from the insured premises.
• C)Coverage for fair rental value of the dwelling is subject to both an overall maximum and a monthly maximum.
• D)"All-risk" coverage is automatically provided for both the dwelling and personal property.

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Definitions:

Inverted Funnel Sequence

A method of organizing information or questioning in which general questions are asked first, followed by more specific ones.

Hourglass Sequence

A narrative or organizational structure that begins with a broad overview, narrows down to focus on specific details, and then expands again to consider broader implications.

Fire Supervision

It entails the management and strategic oversight of procedures related to preventing, controlling, and extinguishing fires, primarily within organizational or industrial settings.

Fire Prevention

Measures and practices aimed at reducing the risk and severity of fires to protect lives and property.