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10 Cards in this Set
- Front
- Back
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When is it ok to require federal tax returns? |
1-Claimant is ordered to produce those returns by a court 2-Claim involves a fire loss 3-Claim involves lost profits or income |
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Rebate |
Offering or paying to a prospective insured part of the paid premium as an inducement to purchase the insurance |
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Reasons For a Texas Dwelling Policy |
-Owners rent to others -Homeowners insurer find that the risks are unacceptable -Seasonal dwelling |
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Texas Dwelling Policy is also known as? |
Standard Fire Policy |
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Which has more coverage? Texas Dwelling or Homeowners? |
Homeowners |
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Ineligible For Texas Dwelling Policy: |
Cannot contain more than two family living units: single or two family Dwelling units, townhouses, or garage apartments
Trailer homes
Business occupancies more than 50%
Condos Houseboats |
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TDP-Form 1 Perils Insured Against |
-Fire & Lightning -Sudden & accidental damage from smoke (not industrial or agricultural) -Windstorm, hurricane, and hail |
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TDP- Form 2 Perils Insured Against |
-Fire & Lightning -Sudden and accidental damage from smoke -Windstorm, hurricane, and hail |
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TDP- Form 3 Coverage B Perils |
-Fire & Lightning -Sudden & accidental damage from smoke -Windstorm, hurricane, and hail -Explosion -Aircraft & vehicles -Riot & Civil commotion -Vandalism & malicious mischief -Collapse of building or part -Accidental discharge/leakage/overflow of water or stream from within a plumbing, heating, or air conditioning system or appliance -Freezing of pipes or household appliances -Falling objects |
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Property Not Covered under TDP |
-Animals -Money/currency -Securities/deeds/debt docs -Records -Motor or engine propelled vehicles or machines designed for movement on land, including attached machinery or equipment EXCEPT vehicles that are not subject to motor vehicle registration |
