Flashcards
CAIB 1- CHAPTER 2
Flashcards do conjunto (20)
- 1COMMON CHARACTERISTICS TO HOMEOWNERS FORM1) CLEAR LANGUAGE APPROACH
2) COMMON FORMAT OR STRUCTURE
3) POLICY DEFINITIONS UNIFORM
4) INSURE THE SAME EXPOSURE TO LOSS - 2DEFINE PREMISESMEANS THE LAND CONTAINED WITHIN THE LOT LINES ON WHICH THE DWELLING IS SITUATED
- 3DEFINE DWELLINGTHE BUILDING DESCRIBED ON THE COVERAGE SUMMARY PAGE WHOLLY OF PARTIALLY OCCUPIED BY YOU AS A PRIVATE RESIDENCE
- 4DEFINE INSUREDTHE PERSON NAMED AS INSURED ON THE COVERAGE SUMMARY PAGE AND, WHILE LIVING IN THE SAME HOUSEHOLD: SPOUSE, RELATIVES OF EITHER, ANY PERSON UNDER 21 IN THEIR CARE, AND A STUDENT WHO IS ENROLLED IN AND ATTENDS A SCHOOL AND WHO IS DEPENDENT ON THE NAMED INSURED OR THEIR SPOUSE FOR SUPPORT AND MAINTENANCE EVEN IF TEMPORARILY RESIDING AWAY FROM THE PRINCIPAL RESIDENCE STATED ON COVERAGE SUMMARY PAGE
- 5DEFINE SPOUSE-EITHER OF A MAN OR A WOMAN WHO ARE MARRIED TO EACHOTHER
-EITHER OF TWO PERSONS WHO ARE IN A CONJUGAL RELATIONSHIP AND HAVE SO LIVED TOGETHER CONTINUOUSLY FOR 3 YEARS OR IF THEY ARE PARENTS OF A CHILD, FOR A PERIOD OF 1 YEAR - 6SECTION 1- PROPERTY COVERAGESCOVERAGE A- DWELLING BUILDING
COVERAGE B- DETACHED PRIVATE STRUCTURES
COVERAGE C- PERSONAL PROPERTY
COVERAGE D- ADDITIONAL LIVING EXPENSE - 7SECTION 2- LIABILITY COVERAGECOVERAGE E- PERSONAL LIABILITY
COVERAGE F- VOLUNTARY MEDICAL PAYMENTS
COVERAGE G- VOLUNTARY PAYMENT FOR DAMAGE TO PROPERTY
COVERAGE H- VOLUNTARY COMPENSATION FOR RESIDENCE EMPLOYEES - 8DEFINE DWELLING BUILDING-DWELING AND ATTACHED STRUCTURES
-PERMANENTLY INSTALLED OUTDOOR EQUIPMENT ON THE PREMISES
-OUTDOOR SWIMMING POOL AND ATTACHED EQUIPMENT ON THE PREMISES
-MATERIALS AND SUPPLIES LOCATED ON OR ADJACENT TO THE PREMISES INTENDED FOR USE IN THE CONSTRUCTION, ALTERATION OR REPAIR OF YOUR DWELLING OR PRIVATE STRUCTURES ON THE PREMISES. WE INSURE AGAINST THE PERIL OF THEFT ONLY WHEN YOUR DWELLING IS COMPLETED AND READY TO BE OCCUPIED - 9BUILDING FIXTURES AND FITTINGS TEMPORARILY REMOVEDCAN OPT TO APPLY AS MUCH AS 10% OF AMOUNT OF INSURANCE ON DWELLING BUILDING TO BUILDING FITTINGS AND FIXTURES TEMPORARILY REMOVED FROM THE PREMISES FOR REPAIR OR SEASONAL STORAGE
- 10OUTDOOR TREES, SHRUBS AND PLANTSCAN OPT TO APPLY AS MUCH AS 5% FROM AMOUNT OF INSURANCE ON DWELLING BUILDING TO OUTDOOR TREES, SHRUBS AND PLANTS ON THE PREMISES
- 11WHAT ARE THE LIMITS FOR OUTDOOR TREES, SHRUBS AND PLANTS-NO COVERAGE FOR WINDSTORM/HAIL
-MAX LIMIT OF $500 FOR ANY ONE TREE, PLANT, SHRUB INCLUDING DEBRIS REMOVAL EXPENSE
-NO COVERAGE FOR ITEMS BEING GROWN FOR RESALE - 12DEFINE DETACHED PRIVATE STRUCTUREANY STRUCTURE OR BUILDING SEPERATED FROM THE DWELLING BY A CLEAR SPACE
- 13THREE DIFFERENT INSURING AGREEMENTS FOR PERSONAL PROPERTY1) ON PREMISES COVERAGE
2) OFF PREMISES COVERAGE
3) PROPERTY OF STUDENTS - 14PROPERTY EXCLUDED BY HOMEOWNERS FORM-MOTORIZED VEHICLES OR THEIR EQUIPMENT
-CAMPER UNITS, TRUCK CAPS, TRAILERS, OR THEIR EQUIPMENT
-AIRCRAFT OR THEIR EQUIPMENT - 15SPECIAL LIMITS APPLIED TO SPECIFIC PROPERTY ITEMS, REGARDLESS OF CAUSE OF LOSS-BUSINESS PROPERTY- $2000
-SECURITIES- $2000
-PROPERTY OF STUDENTS TEMPORARILY LIVING AWAY FROM HOME- $2500
MONEY OR BULLION- $200
-GARDEN TYPE TRACTORS, ATTACHMENTS AND ACCESS- $5000
-WATERCRAFT- $1000
-COMPUTER SOFTWARE- $2500
-SPARE AUTOMOBILE PARTS- $1000 - 16SPECIFIC LIMITS APPLIED TO SPECIFIC PROPERTY ITEMS WHICH HAVE BEEN STOLEN-JEWELLRY, WATCHES, GEMS, FUR GARMENTS- UP TO $2000 IN ALL
-NUMISMATIC PROPERTY (EX. COIN COLLECTION) - UP TO $200
-MANUSCRIPTS, STAMPS AND PHILATELIC PROPERTY- UP TO $1000
-COLLECTIBLE CARDS- UP TO $1000
-EACH BICYCLE, ITS EQUIPMENT AND ACCESSORIES- UP TO $500 - 17ADDITIONAL LIVING EXPENSEPAYS ADDITIONAL LIVING EXPENSE ONLY:
-COST TO PLACE FAMILY PET IN KENNEL
-TAXI FARE TO TAKE CHILDREN TO AND FROM SCHOOL
-COSTS OF MOVING PERSONAL EFFECTS TO NEW TEMPORARY LOCATION
-PAYMENT IS LIMITED TO THOSE EXPENSES WHICH WERE NECCESSARILY INCURRED IN ORDER FOR THE INSUREDS TO MAINTAIN THEIR NORMAL STANDARD OF LIVING - 18FAIR RENTAL VALUE-PAYMENT SHALL BE MADE ONLY FOR SUCH REASONABLE TIME AS IS REQUIRED TO EFFECT REPAIR OR REPLACEMENT
-NO PAYMENT SHALL BE MADE FOR THOSE EXPENSES THAT DO NOT CONTINUE WHILE THAT PART OF THE PROPERTY RENTED OR HELD FOR RENTAL IS UNFIT FOR OCCUPANCY - 19ACCESS PROHIBITED BY ORDER OF CIVIL AUTHORITYINSURER AGREES TO PAY ADDITIONAL LIVING EXPENSE AND FAIR RENTAL VALUE FOR A PERIOD NOT EXCEEDING 2 WEEKS WHEN
-ACCESS TO INSUREDS PROPERTY IS PROHIBITED BY ORDER OF CIVIL AUTHORITY
-THE PERIL WHICH CAUSED THE ORDER TO BE GIVEN IS A PERIL INSURED BY THE INSUREDS OWN POLICY
-NO COVEREAGE FOR MASS EVACUATIONS - 20EXTENSIONS OF COVERAGE SAME FOR ALL FORMS-DEBRIS REMOVAL
-PROPERTY REMOVED
-MOVING TO ANOTHER HOME
-FIRE DEPARTMENT EXPENSES
-CHANGE OF TEMPERATURE
-FREEZER FOOD
--LOCK REPLACEMENT
-TEAR OUT
-ARSON CONVICTION REWARD
-CREDIT OR DEBIT CARDS, FORGERY AND COUNTERFEIT MONEY
-INFLATION PROTECTION
Informações
- Descrição
- 3 CAIB 1 FlashCards sobre CAIB 1- CHAPTER 2, criado por Pamela Stanton em 10-02-2017.
- Criado por
- Pamela Stanton
- Visualizações
- 14
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