Residential
Financial protection against lawsuits related to accidental damage or injuries caused to others
What is Liability coverage
A 3.1.1
An occurrence resulting in liability to a third party and/or collision damage, and/or personal injuries, arising out of the ownership, use/or operation of a vehicle
What is an At Fault Accident
Protection against possible financial loss
What is Insurance
This is what you'd be doing is your mother's husband's sister's, son-in-law asked to take your vehicle for a spin.
What is lending the car and lending my insurance
This endorsement waives the insurer's right to deduct depreciation from the value of the vehicle when settling a claim for loss or damage.
What is Endors 43R Limited Waiver of Depreciation (3 years)
Water that enters the dwelling, detached private structures, or the condominium unit through a roof due to the accumulation of ice or snow on the exterior of the roof or eavestrough
What is Ice Damming
A 6.2.1
2 or more at fault accidents in the last 6 years
1 or more criminal conviction in the last 3 years
(PIC/TDHA) 1 or more major conviction in the last 3 years
(SN) 2 or more major convictions in the last 3 years
3 or more minor convictions in the last 3 years
What is a Decline for issuance of a New Policy
What is Liability
Insurance that covers you and your family in the event you are injured in a car accident where the other driver is at fault and under insured.
What is Family Protection
This endorsement provides coverage for loss or damage to insured property caused by:
the sudden and accidental entrance or seepage of rain or snow through walls, roofs and doors, windows or other similar openings
What is Above Ground Water
Risks over GIAC binding authority
Building greater than 5000 square feet
PVC and/or Scheduled Items worth $250,000 and more
Risks to be transferred to PCA
R 4.3.1
A coverage that consists of a single amount of insurance to cover all the insured's property:
Building, Detached Private Structures, Personal Property and Additional Living Expenses.
What is Million Dollar Solution
What is the failure to take ordinary or reasonable care to prevent accidents
What is Negligence
Last night I was driving home and hit black ice. I went into the ditch hitting a small tree. My Passenger side is dented. I will have to submit a claim under what coverage?
What is Collision
This endorsement applies the deductible to losses caused by fire, theft or attempted theft of the entire vehicle when All Perils, Comprehensive or Specified Perils coverages have been purchased.
Required for:
Vehicles with an endorsement 19(A) or 19(B)
Snowmobiles
All-Terrain Vehicles
Motorhomes
Recreational Trailers
What is Endors 40 Fire and Theft Deductible
This offers customers a quick solution to insure multiple items, which minimizes the need for item descriptions and documentation. In addition, customers can add and remove pieces without notification if it remains within their blanket amount
What is Personal Valuables Coverage (PVC)
R 2.1.2
- Wood furnace as primary heat
- Auxiliary heating device used as primary heat except in seasonal locations
- Residential locations using more than 4 full cords of wood per year
What is an unacceptable heating system DCL
A fee paid for insurance
What is a premium
If my mother's husband's sister's, son in law crashes while taking my car for a spin, who is the person the accident sticks to?
Who is The Driver
Actual cash value will be applied in case of a partial loss on the roof due to hail or wind. If the partial loss causes damages to the roof structure, the roof structure will be covered with replacement cost and the other damaged parts of the roof will be covered in actual cash value. However, if the building is declared a total loss, replacement cost will be applied.
What is Roof Depreciation Endorsement
A factory-built house constructed much like a trailer or railway car
What is a Mobile Home
R 5.5
This situation arises when the building is owned by our client only and not by the Condominium/Strata Corporation.
What is Freehold Ownership
The set amount that a policyholder must pay per loss on an insurance policy
What is a deductible
On my way to my singing lesson, a flock of wild turkeys ran onto the road in front of me. My front bumper is now damaged and full of feathers. I will have to submit a claim under what coverage?
What is Comprehensive
Legal Liability for damage to non owned vehicle:
Max $150'000 for any one occurrence w/ $250 deductible
Agreement to provide coverage for contents 2'500 per loss w/ $250 deductible
What is Endors 60S Grand Touring Solution for Motorhomes and Reactional Trailer