South Carolina Personal Lines Practice Exam

What type of damage would not be covered under all three Dwelling Property forms?

1. Damage from theft

2. Neglect to maintain the property

3. Damage from fire

4. Vandalism

The correct answer is: Neglect to maintain the property

Neglect to maintain the property would not be covered under all three Dwelling Property forms because these forms typically exclude coverage for damages resulting from a lack of proper upkeep. The Dwelling Property forms, which include Basic, Broad, and Special coverage, focus on insurable perils, meaning that they are designed to cover specific risks like fire, theft, and vandalism. In contrast, damages caused by neglect, such as deterioration over time, wear and tear, or failure to make necessary repairs, are considered the property owner's responsibility and not insurable events. Therefore, if neglect leads to damage, it does not fall within the coverage parameters established by the dwelling policy forms, which aim to protect against sudden and accidental occurrences rather than the gradual decline of the property due to a lack of care.