Which of the following is NOT eligible for coverage under the dwelling policy?

A dwelling policy is designed to provide coverage for various types of residential properties, but it has specific eligibility requirements. One of those requirements is related to the number of residential units in the property.

A house that has five or more residential units is not eligible for coverage under a dwelling policy. This is because standard dwelling policies are typically intended for one- to four-family homes. Including properties with five or more units usually shifts the insurance coverage into a different category, often requiring a different type of policy, such as a commercial policy that is designed to cover larger or multi-family dwellings.

In contrast, properties such as a house with fewer than four units, rental properties, and second homes can all typically be covered under a dwelling policy, as they align with the intended use of this type of insurance. Understanding these eligibility criteria is crucial when determining the appropriate insurance coverage for a property.