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12 Cards in this Set
- Front
- Back
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Tx dwelling policy covers private dwellings
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- no liability
- property only - policy owner must own but does not have to occupy. |
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dwelling policy can be used for mobile homes only if...
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they are stationary.
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what is a good way to remember who dwelling policy is good for?
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refer to it as the land lord policy
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Could you have a dwelling policy if more than 50% of your property space is used for business?
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no
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could you have a dwelling policy if more than 500+ feet of your property space is used for business operations?
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no
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how does the tx dwelling policy handle houseboats, boat docks, boathouses, condos, and dwellings under constuction?
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The policy cannot be used for any of those properties or situations. we don't like water on the policy, can't be used for condos because of the # of units, and dwellings under construction needs a seperate policy.
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is the tx dwelling policy widely sold?
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the dwelling policy is not widely sold but the homeowners is.
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the tx dwelling policy dwelling policy comes in how many forms
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3
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what are the 3 forms on the tx dwelling policy?
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basic broad and special
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What is a form?
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tells how well I choose to protect my property
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how are forms characterized?
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by the perils they cover.
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what do form coverages describe?
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they describe exactly what property is protected.
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