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5 Cards in this Set
- Front
- Back
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LINE OF COVERAGE |
when a particular risk or group of risks covered by a insurance policy |
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MONOLINE POLICY |
An insurance policy that covers only 1 risk or type of risk |
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4 PARTS OF THE STANDARD FIRE POLICY |
1.DEC PAGE 2.INSURING AGREEMENT 3.CONDITIONS 4.EXCLUSIONS |
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ENDORSEMENTS( a.k.a. addendums or attachments |
Written documents attached to a policy that add or change coverage for specific perils or insured items |
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THE STANDARD FIRE POLICY IS A |
1.NAMED PERIL POLICY 2.ONLY COVERED FIRE & LIGHTNING 3.PROVIDED HOMEOWNER & COMMERCIAL PROPERTY PROTECTION 4.FIRST USED IN 1918 NEW YORK 5.ACV VALUATION |
