Kentucky Property & Casualty (Chapter 5) well answered rated A+ 2024

Kentucky Property & Casualty (Chapter 5) Dwelling Insurance Policy - correct answer This type of policy covers residential properties that are not regularly occupied by the policyholder. Includes properties which are rented to others and properties which are occupied seasonally. This coverage is most often selected when the insured does not qualify for the broader coverages of the homeowner’s policy. Reasons for purchasing dwelling insurance policy - correct answer Coverage is often selected when the insured does not qualify for broader coverages of the homeowner’s policy. The dwelling does not meet the minimum property value required by homeowner’s policy of $25,000 The insured dwelling is still under construction The residential dwelling is not owner occupied. Dwelling policies are essential insurance coverage for landlords. Dwelling Policy Types - correct answer Basic (DP 01) offers limited coverage Broad (DP 02) offers more coverage than basic Special (DP 03) offers the most comprehensive coverages