Dwelling
Number of roomers/boarders allowed on dwelling policies
5
Never covered
Loss of Use
Who covers flood insurance?
FEMA Federal Emergency Management Agent
What is covered?
Covers moveable personal property on a scheduled basis. (imports,exports, domestic shipments, business personal propery, personal property)
Mobile Homes allowed on....
DP-1 only
Peril never covered on Dwelling Policies
Theft
Lay up warranty
Insures the boat in storage and allows for a return of premium
How can agents write flood policies?
Write Your Own program
What is PAF?
Personal Articles Floater, covers high value items
Fire, lightning, internal explosion
Covered by endorsement only
Liability
Territory
Only allowed on inland lakes and waterways, endorsement broadens this.
To be covered under flood insurance...
has to be temporary
Coverage territory for PAF
worldwide
Extended coverage perils
Wind, Hail, Aircraft, Riot, Vehicles, Volcanic Activity, Explosion, Smoke
Has no coverage E
DP-1
Dwelling maximum limit
250,000
Loss settlement basis
Agreed Value
Personal property limit
100,000