A&h New Hire- #4-Principles Of A&h- Home

Front 1

Homeowner Insurance

Back 1

Policy providing coverage for:

• the home and contents
• Liability arising from ownership of the home

Front 2

Coverage A- Dwelling

Back 2

The structure in which the insured lives.

Front 3

Coverage B- Other Structures

Back 3

Structures on the insured’s property that are not attached to the dwelling

Front 4

Coverage C- Personal Property

Back 4

The personal belongings of the insured.

Front 5

Homeowner Rating Factors

Back 5

Characteristics of risk’s that impact premium:

• Weather patterns
• Fire department response time
• Distance to a fire hydrant
• Distance to the fire department
• Loss statistics in the area.

Front 6

Mobile Home

Back 6

A version of the Home policy:

endorsement of home contract to cover the risk for customers owning a mobile home.

Front 7

Coverage A Limits

Back 7

Coverage A limits are:
• Calculated on the cost to rebuild the insured
• Calculated by MetLife industry leading software
• Not based on the market value of the home

Front 8

Landlord Tenant

Back 8

A version of the Home policy:

endorsement that covers the risks of the customers owning rental property, in which they do not live.

Front 9

Coverage G- Medical Payments

Back 9

Covers medical costs for injuries to guests in the insured’s home, regardless of fault.

Front 10

Coverage D- Loss of Use

Back 10

MetLife will pay for the reasonable increase to maintain your standard of living if your covered residence premises is uninhabitable due to a covered loss.

Front 11

Coverage F- Liability

Back 11

Pays reasonable bodily injury and property damage expenses to a third party for which the insured is held legally liable

Front 12

Inflation Protection

Back 12

Inflation Protection

Policy feature that increases the Coverage A amount annually to keep pace with inflation costs.

Inflation protection is required on all policies that have optional coverages 2 and 3