Question

Which of the following coverages are included, In a dwelling policy without endorsements?

a) Liability coverage
b) Dwelling coverage
c) Personal property coverage
d) All of the above

Answer 1

A basic dwelling policy only covers the structure of the dwelling itself and does not include liability or personal property coverage. To get liability and personal property coverage, they must be purchased separately or as part of a comprehensive policy.

Step-by-step explanation:

A dwelling policy without endorsements typically includes coverage for the structure of the dwelling itself. This means it provides financial reimbursement for damages to the home due to events like fires, storms, and other covered perils. However, a basic dwelling policy does not include liability coverage or personal property coverage. Liability coverage pays out when a policyholder causes damage to others or when someone is injured on the property and decides to sue. Personal property coverage pays out when the possessions inside the dwelling are damaged, stolen, or destroyed. To obtain liability and personal property coverage, a homeowner would need to purchase these as separate endorsements or as part of a more comprehensive home insurance policy.