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7 Cards in this Set

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The Basic Fire Policy: Exclusions: Group 1
-War Risks (civil war, invasion, riot)
-Electrical devises or appliances where the damage is caused by lightening or other electrical currents
-Application of Heat (only goods undergoing the process are excluded)
-Nuclear Incident: Both direct and indirect losses are excluded unless the proximate cause is by Fire, Lightening, or Explosion
Example: A lightening strike a nuclear reactor
The Basic Fire Policy: Exclusions: Group 2
-Property
-Alterations and Additions (while they are taking place)
-Vacancy, Occupancy, Disuse
-Volitile Substances
-By-Laws
The Basic Fire Policy: Exclusions: Group 2: Property
Tractors
Watercraft
Other motor vehicles
Books of account
E
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M
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The Basic Fire Policy: Exclusions: Group 2: Alterations and Additions
-Asking permission is required
-Value of property affected / concidered
-Only excluded if attributed to the work
-Increased risk during construction
-Does not apply to normal repairs
The Basic Fire Policy: Exclusions: Group 2: Vacancy, Occupancy, Disuse
-30 days of consecutive vacancy or un-occupancy or cease of operation
-Increased risk while unattended
-Applies to residential and commercial
-Ends when the vacancy ends
The Basic Fire Policy: Exclusions: Group 2: Volatile Substances
-Vapor w/o fire
-In the entire building even if not occupied by insured
-Amount over 1 gallon
-Lower or equal flashpoint of gas, benzene, naphta

Flashpoint: The lowest temperature at which a liquid gives off sufficient vapors to form an ignitable mixture w/ the air, such a mixture will light on contact with a flame or spark
The Basic Fire Policy: Exclusions: Group 2: By-Laws
-Bylaw, regulation, ordinance requirements
-Increased costs
-Loss is indirect and consequential
-Added by endorsement