Auto
What 4 perils are included in comprehensive coverage?
*Bonus 50 points for the 5th peril
Fire
Theft
Vandalism
Hail
**Impact with animal
Name a detached structure that can be covered under a homeowner's policy?
Garage
Shed
Guesthouse
Gazebo
What endorsement applies when you rent a car?
Sef 27
*You can rent a vehicle anywhere in Canada or USA and your collision/comprehensive will extend to the rental vehicle. The endorsements do not extend.
Typically with a lower deductible.
What is the best resource for finding company manuals, comparison charts, etc.
Bright
Do we do an ITV for a standard condominium policy?
No, ITV is only required if it is a bareland condo.
Name something not covered by an AMI policy?
Recalibration
*If the windshield requires to be recalibrated- for auto wipers, heads up display etc. That cost will be at the customers expense.
What is the enhanced water damage package with Intact?
Includes sewer backup, overland water, ground water, and water & sewer lines depending on if the territory qualifies.
** Different limits and coverage availability depending on location.
What is the sef 39?
At-fault Accident Waiver
** This will protect clients from being rated for their first at fault accident.
If a client gets into an at fault accident and they have the waiver, their premium will not increase from the claim, essentially a get out of jail free card for their first claim.
When would an impact with an animal be considered a collision?
If the animal is already deceased.
Comprehensive if the animal is alive, collision if the animal is dead.
At what point in the conversation do we read consents?
What is the difference between using the sef 16 and parking a vehicle with comprehensive only?
The sef 16 MUST be on for a minimum of 45 days, no discount provided if unparked before 45 days.
Sef 16 also still provides the client sef 44.
Heavy rainfall, where water enters through a window or door opening.
What is not covered for insured perils under the 13d endorsement?
Windshields
What is the benefit of having the driver training cerfiticate?
Gives a -2 on the grid for the first two years of driving history.
What are the two methods of signing an application?
Docusign or verbal binding.
What is BrokerLink's minimum liability requirement?
1,000,000 but we prefer 2,000,000.
Name an example of an additional living expense that home insurance may cover?
Temporary accomodation
Name 3 property endorsements?
Lifestyle advantage, enhanced water damage,
Do you need sewer backup & overland water if you live on the 8th floor of the building?
Yes, you cannot access your additional living expenses if you do not carry the coverage for the insured peril for the loss.
For Wawanesa auto new business, what is the process for submitting the application?
Ensure required documents are uploaded into BluePass, change the who/owner of APOL to the BrokerLink work group- UNDWR.
Name a coverage that protects you against uninsured or underinsured motorists?
Sef 44- Family protection
What are special limits?
** Bonus- How can you increase these limits?
Each company has different limits for items such as jewelery, bicycles, bullion, gems, furs, coins etc. The special limit is included in their policy, still subject to deductuble.
** My Extras (Intact) or scheduled articles.
Name 3 auto endorsements that should be offered on all policies?
13d, sef 20, sef 27, sef 44, conviction waiver, accident waiver, roadside assistance, waiver of depreciation, claims advantage-if applicable.
What is included in the personal property of a condominium policy?
Anything that is not permanently affixed to the building.
If you flip the condo upside down, anything that falls out needs to be included in your personal property limit.
What is our binding authority for sending pink cards for new business?
30-day pink card only, as long as the policy has been issued and the other requirements are within our binding authority.