HomeOwners
Covers you and yours in a policy
What is Section 1?
What is Split Limit?
Being made whole again
What is the principle of Indemnity?
An insurance company chartered outside of Arizona, but within the US
What is a Foreign Insurer?
Covers loss of income for landlords if property becomes uninhabitable
What is Fair Rental Value?
Covers a minimum of $100,000 per Occurrence
What is Coverage E-Liability?
3rd party doesn't have adequate coverage
What is Underinsured?
Loss with the possibility of gain
What is Speculative Risk?
Passing The Exam
Eighteen years or older
Acts committed
Required Fees/Application/Fingerprints
What are the Resident License Requirements?
Fire
Lightning
Internal Explosion
What are the Basic Perils?
Covers Special Perils on Real Property and Broad Perils on Personal Property
What is HO-3, Special Form?
Covers against hitting inanimate objects and upsets
What is Collision?
The cause of loss
What is Peril?
Issued for no more than 180 days due toe Death, Disability, or Deployment
What is a Temporary License?
5% of A, no more than $500 per tree
What is the limit of Tree, Shrubs,snd Other Plants Coverage?
T W H A L E S R V V V F + A F W W F
What are broad perils?
Covers against damage done to you and yours
What Medical Expenses?
The Promise, the Perils and the Coverage
What is the Insuring Agreement?
A producer licensed to sell insurance through companies not authorized by Arizona
What is a Surplus Lines Broker?
Pays the increased cost to bring repairs up to current regulations following a covered loss
What is Ordinance or Law coverage?
HO-8: 10% of A
HO-2, 3, and 5: 30% of A
HO-4: 30% of C
HO-6: 50% of C
What are the Limits for Loss of Use?
Recreational Vehicles, Motorhomes, ATVs, Dune Buggys, Golf Carts
What are Miscellaneous Type Vehicles?
Someone that has your property in their care
What is a Bailee?
A liability company owned by its members
What is a Risk Retention Group?
Fire
Lightning
Aircraft
Vehicles
Vandalism
Explosion
Riots
What are the perils for trees?