Dwelling
These dwelling policies/provide coverage for breakage of storm door glass, lawn, trees, shrubs and collapse.
What is a DP 2 and DP3 or Broad and Special policy?
The limit for damage to rowboats, canoes and kayaks.
What is $1500.00?
This symbol on a Business Auto policy provides the broadest coverage.
What is symbol #1?
What are these called on a CPP; common dec page, common conditions, interline endorsements, common exclusions.
What are the modular parts or the policy structure?
One Year
What is the statute of limitations on Med Pay?
This time limit applies when the perils of glass breakage and theft will not apply in the event of a loss.
What is 60 days?
This additional coverage applies when the insured is responsible for property damage or a bodily injury when it occurs on common property.
What is loss assessment?
The owner of an auto from whom the insured has borrowed or rented to use in their business.
Who is Not an Insured on a Business Auto Policy?
Money and securities are transferred from one financial institution to another.
What is Funds Transfer Fraud?
Fire Dept Service Charge, Preservation of Property, Business Income, Fire extinguisher recharge expense, civil authority, pollutant clean up
What are the additional coverages in a BOP?
This time limit applies to when an insured may file a legal lawsuit against their insurer.
What is two to sue?
Defense costs, bail bonds, expenses incurred by the insured at the insurers request.
What are Additional coverages?
When a non-owned auto is used by a permissive user and the auto is involved in an at fault accident, insurance is provided in this manner.
What is on an excess basis only?
This policy covers domestic shipments and transportation risks, bridges, tunnels and other instrumentalities of communication and transportation.
What is Inland Marine?
$10,000 on premise/$5,000 off premises- cost of research
What is the limit on Valuable Papers and Records?
This type of loss settlement uses depreciation in it's calculation.
What is ACV?
This would apply when someone is injured on your property or through your actions even when you are not liable for the loss.
What is Medical Expense Payments?
This type of policy is used to cover over the road haulers, both common and private carriers.
What is Motor Carrier?
Owned or non owned watercraft that is 53 feet long.
What is excluded under the Watercraft, Aircraft and Vehicle exclusion.
$15,000
What is the limit for mold, fungi. wet or dry rot?
This Dwelling policy would provide Coverage A and B be replacement cost on an open peril basis and Coverage C broad form.
What is a DP 3 - Special Form?
This policy provides coverage for your dwelling, other structures and personal property on an open peril basis with replacement cost for the structure and ACV on your personal property.
What is an HO5?
An insured carried uninsured motorist coverage limits of $100,000. She is involved in an accident with a driver who has Part A limits of 25/50/20 and who is at fault for the accident. The insured suffered $90,000 worth of BI expenses. How much would the insured's policy pay for those expenses?
What is $65.000
This policy pays when the claim is first filed within the policy period.
What is claims made?
Loss of business income due to the physical loss or damage at the premises of a dependent property.
What is Business Income from dependent property?