Homeowner policy
All other peril
What does AOP stand for?
The deductible on the Collections policy
What is $0?
Member loses her ring while travelling in Prague. Is there coverage for this loss & why?
What is-Yes, our policy coverage extends world wide?
Member loses keys while shopping. Is there coverage & does deductible apply.
What is yes, there is coverage and no-no deductible applies.
The year PURE started.
What is 2006?
The situation in which we would charge depreciation for contents.
What is if the item was obsolete or unusable as a result of their age or condition?
The category/class a Warhol would fall under.
Member reports jewelry is lost. Bracelet is worth $20,000. Blanket coverage SAL limit is $5,000. What is your next step?
What is look at Homeowner's policy to see if more coverage exists?
Member's new French bulldog puppy (named Jacques) destroyed their antique couch that is part of their furniture collection. Is there coverage under the Homeowner's policy?
What is yes. The HO policy covers losses caused by domestic animals.
Name the 3 MA Managers
Who are Venessa (WP), Craig (SC), & Kaylee (AZ)
(True/False) The Special Limits for contents do increase the amount of coverage for your contents.
What is False. They do NOT increase the limits.
The two types of coverage available on Collections policy.
What are scheduled & blanket limit?
Mover damages a statue (valued at $35,000) & a painting (valued at $15,000). The Member has Blanket coverage with a maximum limit of $50,000, and a Single Article Limit of $25,000. The total pay out of this claim is:
What is $40,000?
What is yes- as the grandson does not reside in household and vehicle is not owned by Member.
The most we will pay for any one tree, shrub, or plant.
What is $5,000.
(True or False)
For the total loss of a scheduled item we will pay the lesser of the
a. The scheduled value for that valuable article shown on your Declarations; or
b. The market value of the valuable article.
False, the item is scheduled so we will pay the greater.
Member loses 1 earring from pair. The settlement options available are: (name 2)
1. Restore the item to its condition immediately prior to the loss. We will pay the cost to replace or restore any part of the item to its condition just before the loss and any diminution in value of the pair or set;
2. Receive the diminution in value of the pair or set; or
3. Surrender the undamaged items of the pair or set to us, in which case we will pay youthe market value of the pair or set immediately prior to the loss.
Tree falls during wind event, and strikes Members Fence. The most we will pay out is?
What is up to the dwelling limit? Since the tree hit a covered property it is not subject to tree removal cap of $1500
The most we will pay for removal of a tree that does not hit your covered property. Does deductible apply?
What is $1,500 & yes, unless otherwise noted.
The most we will pay for any one valuable article is of the scheduled value, but
not more than the for the class to which the valuable article belongs.
150%, coverage limit
Member lost bank vaulted, necklace scheduled for $350,000. Underwriting has no record of request to remove. Is this a covered loss and why?
No,
Bank Vaulted Jewelry
We do not cover any loss to jewelry insured as “Bank Vaulted” while these items are out of a bank vault, unless we receive notice in advance of the removal and we agree in writing to provide coverage.
Tropical Storm Hedwig is fast approaching Florida. any damage that occurs from this storm is subject to either a) the AOP deductible or b) Named storm deductible.
What is b) named storm deductible.