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12 Cards in this Set
- Front
- Back
Homeowner Insurance
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Policy providing coverage for:
• the home and contents • Liability arising from ownership of the home |
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Coverage A- Dwelling
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The structure in which the insured lives.
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Coverage B- Other Structures
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Structures on the insured’s property that are not attached to the dwelling
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Coverage C- Personal Property
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The personal belongings of the insured.
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Homeowner Rating Factors
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Characteristics of risk’s that impact premium:
• Weather patterns • Fire department response time • Distance to a fire hydrant • Distance to the fire department • Loss statistics in the area. |
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Mobile Home
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A version of the Home policy:
endorsement of home contract to cover the risk for customers owning a mobile home. |
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Coverage A Limits
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Coverage A limits are:
• Calculated on the cost to rebuild the insured • Calculated by MetLife industry leading software • Not based on the market value of the home |
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Landlord Tenant
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A version of the Home policy:
endorsement that covers the risks of the customers owning rental property, in which they do not live. |
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Coverage G- Medical Payments
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Covers medical costs for injuries to guests in the insured’s home, regardless of fault.
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Coverage D- Loss of Use
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MetLife will pay for the reasonable increase to maintain your standard of living if your covered residence premises is uninhabitable due to a covered loss.
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Coverage F- Liability
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Pays reasonable bodily injury and property damage expenses to a third party for which the insured is held legally liable
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Inflation Protection
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Inflation Protection
Policy feature that increases the Coverage A amount annually to keep pace with inflation costs. Inflation protection is required on all policies that have optional coverages 2 and 3 |