Standard Fire Policy

Front 1

perils covered

Back 1

fire, lighting, removal. FLR (flur)

Hint 1

Front 2

peril of removal (sfp)

Back 2

covers damage caused by removal from premises items such as furniture or personal articles endangered by the perils insured against. only insured for 5 days.

Front 3

SFP theft

Back 3

is never covered unless within the 5 day coverage period at or in transit

Front 4

SFP exclusions

Back 4

enemy attack, invasion, insurrection, rebellion, revolution, civil war, usurped power, order of any civil authorities..., neglect of the insured to use all reasonable means to save the property at and after a loss, and theft.

two conditional exclusions suspending or restricting insurance:
causing more damage to get more money,
while a described building intended for occupancy is vacant or unoccupied 60 consecutive days

Front 5

SFP term

Back 5

maximum 7 years

Front 6

SFP limitations on amounts payable

Back 6

maximum amount payable is whatever the policy coverage is. unless one of the following four payable amount takes precedence.
acv, cost to repair or replace, pro rata, interest of the insured.

Front 7

Insurers options in a loss settlement

Back 7

opt 1: insurer pays ACV, as determined by an appraiser
opt 2: insurer takes possession of the property and pays the insured it's appraised value then sells property for salvage value
opt 3: insurer may repair, replace, or rebuild with material of lime kind and quality

Front 8

requirements in the event of a loss

Back 8

Insurers must provide proof of loss form in 15 days
insured must return proof of loss form in 60 days in writing

Front 9

appraisal

Back 9

upon written demand of either party each will select an impartial appraiser with in 20 days the appraiser's will then choose an impartial umpire and the case Will be settled

Front 10

subrogation

Back 10

the insurers right to recover from a third party that caused the loss suffered by the insured

Front 11

suit against the company

Back 11

must take place with in 3 years of the date of the loss

Front 12

waiver

Back 12

surrendering a right or privilege. must be in writing