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23 Cards in this Set
- Front
- Back
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Dwelling |
Landlord no liability no contents |
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DP 1 |
BasicFire, Lightning, Internal explosion ECP= EXTENDED COVERAGE PERILS WHARVES WIND,HAIL,AIRCRAFT,RIOT,VEHICLE,EXPLOSION,SMOKE Vandalism + malicious mischief = can only be purchased after ECP at ACV =actual cash value No coverage to treeCoverage E needs to be endorsed |
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DP 2 |
Broad
Burglary Bursting of heat Weight of snow ice sleet Collapse Glass Freezing only covered if try to prevent Start covering trees at 500K |
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DP 3 |
Special Open perils anything that isnt excludedCovers theft Named Peril on personal property need to be listed Special Open perils anything that isnt excludedCovers theft Named Peril on personal property need to be listed Special Open perils anything that isnt excludedCovers theft Named Peril on personal property need to be listed Named Peril on personal property need to be listed |
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Perils |
Cause of loss Reason you file a claim |
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Actual Cash Value |
Used value of wood |
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Freazing is covered when |
It's only covered if the insured took the steps to maintain heat in the building |
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Coverage D |
Fair rental value Covers the landlords rent income from tenants after property loss Fair rental value Covers the landlords rent income from tenants after property loss Only what your missing based on fair rental value Only what your missing based on fair rental value |
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Coverage E |
Additional living expenses Specifically for the owner of the house |
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Coverage B is in addition to Coverage A on all policies EXCEPT |
DP1 |
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No coverage for trees |
DP1 |
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Named Peril |
HOA 2,4,6( 8limited) Even # follows broad form basic+wharves+bbicegolf+theft HOA 8 perils-limited peril |
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Odd peril |
Special or all risk covers everything not excluded HOA 3,5 |
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House |
HO2 BROAD HO3 SPECIAL OPEN/NAMED HO5 COMPETITIVE OPEN/OPEN covers mysterious disappeared |
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Condo |
HOA 6 upgrades Coverage A minimum 1000 Coverage B if you need it add value to a Coverage C mostly about personal property 100K |
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Renters |
HOA 4 RENTERS No coverage A+B (PROPERTY STRUCTURAL COVERAGE) covers personal property |
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Modify |
HOA 8 LIMITED PERILS MARKET VALUE IS LESS THAN REBUILD $1000 on premise only theft limit Tree coverage is only 250 |
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Flood |
2 /2 /2 rule any structure that can have flood has 2 walls and a roof and not over water Respond to flood if 2 or more acres get flooded 2 or more property get flooded. 30 day waiting period Coverage A 250K Coverage C 100K each have a deductible Always excluded |
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How many roomers and borders allowed on dwelling |
5 |
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Must be service base and not have more than two people working at any one time |
Permitted incidental occupancies |
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What ca be added to a DP1 to add more perils |
Extended Coverage Perils ECP |
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How much money is available for a tree on DP2 |
500 |
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Standard deductible for dwelling |
250 |
