Name that coverage
I cover the residential dwelling structure. I am? (Answer must include the coverage letter and name)
Coverage A-Dwelling
Without an endorsement I cover only fire, lightning, and internal explosions. Who am I? (Answer must include the form number and and name)
DP-1 (Basic form)
One of my rental units is broken into. Their is damage to my door and several of the appliances I provide to the tenant are stolen. Which endorsed policy form(s) would cover the appliances?
DP-3 Special form
I have basic form coverage policy on my rental. I am concerned about airplanes due to the proximity to the airport. What endorsement can I add to protect myself in case of an airplane crash?
Extended Coverage
It has been 3 months since the last time I had a renter in my unit. I stop by to inspect the unit and find it has been broken into and vandalized. I have the basic form coverage with the VMM endorsement. How is this covered by my policy
It is not covered. The property has been vacant more than 60 days.
The renter has a kitchen fire and must move out while repairs are completed and rent can no longer be collected. I can help who am I? (Answer must include the coverage letter and name)
Coverage D-Fair Rental Value
Coverage for my trees, shrubs, and lawn are covered on me. Who am I? (Answer must include the form(s) number(s) and and name(s))
DP-2 Board Form and DP- 3 Special Form
One of my rental units is broken into. Their is damage to my door and several of the appliances I provide to the tenant are stolen. Which unendorsed policy form(s) would cover the damage to my door?
DP- 2 Broad Form and DP-3 Special Form
Coverage limit for worldwide travel is 10%. Making the amount $2K minus $1K ded= $1K in coverage.
My sewers back up into my rental units damaging the floors and cabinets. I carry an unendorsed DP-3 policy. Is this covered by my policy?
No. Water sewer back up is excluded unless endorsed
I am the owner of a property with 4 total units. I live in unit 1 and the others are rented out. The pipe in my unit bursts and damages my unit only and i must now live in a rented apartment for the next 3 months. I can help. Who am I? (Answer must include the coverage letter and name)
Coverage E-Additional Living Expenses
I provide open perils coverage for the dwelling. Who am I? (Answer must include the form number and and name)
DP-3 Special Form
My Tree is struck by lightning. Which policy form(s) cover this loss?
DP-2 Broad Form and DP-3 Special Form
There has been an increase in vandalism in the area where my rental property is. Is there an endorsement I can add to my basic coverage to protect myself? If so, what it is called
Yes, VMM (Vandalism and mischievous mischief)
My detached garage and fence are destroyed by a tornado. I Carry a DP-2 policy with $200K in Dwelling coverage. The price to replace my garage and fence is $50K. My deductible is $2500. How much will my policy pay out for these damages?
$17,500
Permanent Structures on the on the property that are detached from the dwelling. Such as a Detached Garage. (Answer must include the coverage letter and both possible names)
Coverage B- Other structures (appurtenant Structures)
I provide named peril coverage for the dwelling, it's contents and appurtenant structures. Who am I? (Answer must include the form number and and name)
DP-2 Broad Form
A kitchen fire occurs in one of my rental units. The cost of removing all the debris is $10K. Which Policy form(s) will cover this cost (minus my deductible)?
DP1- Basic form
DP2-Broad Form
DP3-Special form
A windstorm damages my roof. I carry a basic form policy with the EC endorsement. My roof has an expected life of 20 years and was 10 years old at the time of loss. The cost of replacement is $6K. My coverage A limit is $280K. My deductible is $0. What amount would my policy pay?
Roof life is 50% based on this we would pay out $3k under ACV.
Hurricane Ariangelee strikes my area. My house has no damage. However, my $30K 25ft boat that was in the driveway is blown away and destroyed. I have $50K in personal property coverage on my special form policy. And have a 5% deductible on my policy. I have $400K in dwelling coverage. What would my policy pay out?
$30K-Ded $20K= $10,000
The oven, refrigerator, and microwave provided by the landlord for each unit in the building are examples of me. (Answer must include the coverage letter and name)
I offer the option for Extended coverage which allows additional perils to be covered. Such as smoke damage. Who am I? (Answer must include the form number and and name)
DP-1
My couch in my owner occupied unit is destroyed when my washing machine breaks apart and leaks water from the top floor to the bottom where it was located. Which policy form(s) would cover this loss?
DP-2 Broad Form
DP-3 Special Form
My house is damaged by a fire and must be rebuilt. I have endorsed DP-2 coverage policy with $300K in coverage for my home. New building codes have passed since my home was built requiring hurricane glass for the windows which will cost $20K brining the cost of rebuild to $320K. Will this additional cost be covered? If so, under what rule or policy?
Yes, Ordinance or Law allows up to 10% additional to cover these costs.
2 years ago a friend visited my property and while enjoying some adult beverages they accidentally kick the door frame and break a toe. They finally got their toe straightened and cost of the treatment was $500. They contacted me today asking for me to pay for this. Would my broad form policy cover this? Under what coverage?
Yes, Medical payments coverage M would cover this