Property Insurance

Front 1

If you go away on vacation and there is a loss caused by freezing pipes in your basement, are you covered?

Back 1

Yes.

If turned off the water and drained the appliances or arranged for a competent person to enter the dwelling daily (PG. 11-12)

Front 2

If a civil authority prohibits access to your premises due to damages to neighbouring premises are you covered?

Back 2

Yes. up to 14 days (PG. 70)

Front 3

What is the maximum amount the Comprehensive Homeowners policy will pay for the fire damage to a tree?

Back 3

$500 (PG. 4 A-4)

Front 4

Until what age is a student living away from home considered an "insured" under their parent's policy?

Back 4

No age limit (PG. 2)

Front 5

Are you required to pay a deductible on items where a special limit applies?

Back 5

Yes. A deductible is payable - the deductible amount comes off the total amount of the loss then the special limit is applied (PG. 14)

Front 6

Is a boat scheduled (listed) on a watercraft floater covered when used once a year in a race?

Back 6

Yes. Except while racing (PG. 51 #3)

Front 7

How much is unscheduled watercraft covered for in the event it burns in a cottage boathouse fire?

Back 7

$1000 (PG. 5 #5)

Front 8

If your friend moves in to share the cost of your apartment, is his/her contents covered under your policy?

Back 8

No. (PG. 4)

Front 9

For liability purposes, the definition of premises includes premises where you are residing temporarily except under what circumstances?

Back 9

1. if you are the owner

2. the premises are being rented under an agreement of more than 90 days

(PG. 17)

Front 10

How much are bicycles covered for if they are burned in a fire?

Back 10

Up to their full value when destroyed by the peril of fire (PG. 6 #12)

Front 11

If there is more than one policy covering a house, how would the loss be settled?

Back 11

Each contributes each ratable share (PG. 16)

Front 12

In the event of a loss to collector items, will you be able to get replacement cost on them?

Back 12

No. (PG. 16)

Front 13

When will an insurance company NOT waive its right to subrogate against the Directors and Officers of the Condominium Corporation?

Back 13

Except in the case of arson, fraud or vehicle impact (PG. 16)

Front 14

If the Condo Corp Master policy is invalid or inadequate, how much will the Condo Unit Owners Policy pay for damage to common areas that you get assessed for and for damage to your unit?

Back 14

Up to $10,000 or more if purchased (Common areas)

Up to $100,000 (condo unit)

Front 15

What is the maximum amount the Condo Unit Owners Policy will pay for improvements and betterments? Can more be purchased?

Back 15

100% of A1 ($100,000)

Yes - Can buy more coverage

Front 16

Is there coverage for contents while moving? If so, how long and what locations?

Back 16

Yes. for up to 30 days

Front 17

What are the three basis of claim payment an insurer may use to settle a claim on a house or outbuildings?

Back 17

A. Actual cash value

B. Replacement cost

C. Guaranteed Replacement Cost

Front 18

What three perils drop off as soon as a building is vacant?

Back 18

1. Glass breakage

2. Water escape

3. Vandalism

Front 19

When does all coverage drop off a vacant dwelling?

Back 19

30 days

Front 20

What are the 7 perils covered by a vacancy permit?

Back 20

1. Fire & Lightening

2. Explosion

3. Smoke

4. Falling Objects

5. Impact with air and land vehicles

6. Riot

7. Windstorm or hail

Front 21

Are the actions of a named insured who does not live on the premises described in the declarations, covered?

Back 21

No (PG. 19)

Front 22

What section of the policy covers watercraft if it is not scheduled on a watercraft floater? For how much?

Back 22

Property (PG. 5) Up to $1000

Front 23

If you lose one of your diamond earrings that were purchased for $3000 and they can't be replaced as the setting was unique, will your insurer buy you a new pair of earrings? What about if they were scheduled on a personal articles floater?

Back 23

No (Additional Conditions) - Pair and Set (PG. 63)

Front 24

What section of the Homeowner's Policy covers in-ground swimming pools?

Back 24

Coverage A (Dwelling/Building)

Front 25

To repair an air conditioner, walls have to be torn out. Would this be covered by the Homeowner's Policy?

Back 25

No - must result from insured peril (Pg. 9 # 10)

Front 26

If Dwelling Building is coverage A and personal property is coverage C, what is Liability?

Back 26

Section 2, coverage E

Front 27

If you have jewelry insured on a personal articles floater and you purchase a new ring for $7500 while on vacation is it covered if you lose it five days after purchasing it? If so, for how much?

Back 27

Not fully covered - Only for $5000 (PG. 50)

Front 28

If an insured chooses not to rebuild on the same location, what would be the basis of claims settlement?

Back 28

Actual Cash Value

Front 29

Does the Homeowner's Policy cover liability arising from the use of an owned aircraft?

Back 29

No. (PG. 26 #10)

Front 30

Would a residence employee be covered if he was injured on your premises due to no negligence on your part?

Back 30

Yes. Could use Voluntary Compensation for Residence Employees

Front 31

What must you do when something takes place and you believe that there may be a liability claim?

Back 31

(PG. 20): Promptly give notice to insurance company including:

a. Date/time/place/circumstance of occurrence

b. Names/addresses of potential witnesses and claimants

Also:

a. cooperate in legal actions

b. immediately send legal documents /communications

Front 32

Are you covered for a claim arising out of the use of an aircraft?

Back 32

No. (PG. 26 #10)

Front 33

Can you claim Voluntary Medical payments for a residence employee?

Back 33

Yes. (PG. 22) Coverage H - Voluntary Compensation for Residence Employees

Front 34

You have Guaranteed Replacement Cost on your building and you renovate your home over a period of three months. The total value of the renovations is $10,000. 10 days after you have completed the renovations there is a fire and the entire house burns down. Is there coverage for the renovations?

Back 34

(PG. 14) Guaranteed Replacement cost:

Renovations up to $5,000 started in the last 30 days

Front 35

What is covered by Sewer Backup/Water Escape coverage?

Back 35

(PG. 57)

loss or damage to the insured property caused by water entering the insured dwelling as a result of accidental escape of water from a sewer, storm drain, sump, septic tank, eaves trough or downspout, or from the melting of ice or snow on the exterior of the roof

Front 36

You have a secondary dwelling which is insured for $50,000 and a detached shed which is valued at $10,000. In the event of a total loss of both buildings what is covered on the policy?

Back 36

Up to $50,000 maximum (PG. 30)

Front 37

There are certain special limits of insurance that DO NOT APPLY in the event of a loss caused by a specified peril. What items fall under this category?

Back 37

PG. 6

- Numismatic property

- Jewelry/fur

- Manuscripts & Stamps

- Bikes & equipment

- Collectible cards

- Student personal property

Front 38

Is there a difference in the definition of an insured person under the Property Coverage and under Liability coverage?

Back 38

Yes.

Insured under Liability same as insured under property, but Liability has additions (PG. 17)

Front 39

If you have watercraft coverage and you purchase a new motor for your boat, is it covered under what conditions and what is the basis of claims settlement?

Back 39

Up to $5000 for 30 days

Basis of Settlement: Replacement

(PG. 50)

Front 40

You have custody of a carpet owned by a friend and it is damaged by smoke from your fireplace. Is it covered under your Comprehensive Homeowner's Policy? Under what section?

Back 40

Yes. (PG. 4)

Coverage C

Front 41

If you go to a fair and display your knitted mittens that you hope to sell there, are they covered by your policy?

Back 41

No. (PG. 10 exclusions):

We do not insure property at any fairground, exhibition, or exposition for the purpose of exhibition

Front 42

If you get charged by the Fire Department for services provided to save or protect your insured property is there any reimbursement for your policy? If yes, what is covered?

Back 42

Yes. (PG. 8)

Up to $1000

Front 43

If you add food freezer coverage to your Secondary Dwelling and the freezer breaks down, are you covered for the food that thaws and becomes unusable?

Back 43

Yes. (PG. 52)

Front 44

Where are your personal actions insured by your homeowners/condo/tenants policy?

Back 44

Anywhere in the world

Front 45

How much is allotted under Coverage A to cover summer screen that are taken off and put in seasonal storage in the fall?

Back 45

PG. 3

10% of coverage A

Coverage A = $100,00, so $10,000 covered

Front 46

If you are sued for transmitting a disease to another person, are you covered?

Back 46

No. (PG. 26 #8)

Front 47

Is it possible to insure a musical instrument played professionally on a personal article floater?

Back 47

PG. 49

We do not insure any musical instrument played for a fee unless we have given our written permission

Front 48

If your laptop is on a personal computer floater and it is stolen from the back seat of your convertible while the roof was down, would it be covered?

Back 48

No.

Locked vehicle warranty (PG. 57)

Front 49

If you have your five wood and seven wood stolen from your golf bag, would the insurance company replace your entire set of clubs?

Back 49

No. Pair and Set (PG. 63)

... in no event shall such loss or damage be constructed to mean total loss of set

Front 50

Are you covered for Vandalism at your Seasonal Dwelling?

Back 50

Only if you purchase it

PG. 45