Where the WIND Blows
Coverage for damage caused by high winds from tornadoes, hurricanes and tropical storms...
What is WINDSTORM coverage
Three letters used to abbreviate the word that describes extremely damaging natural disasters /weather events
What is CAT
Dirt Tornado is called a ____ ____
What is a Dust Devil
Elected or appointed public servant, in place to regulate insurance, protect consumers and ensure market sustainability.
All 50 states have one.
What is an Insurance Commissioner
Duties vary from state to state
Neutral (3rd party) professional with relevant specialized knowledge, hired to appraise or give a disinterested opinion on the value of a loss
What is an appraiser
In most cases, coverage exists for ______-______ ____ damage to a roof, caused by a covered peril such as a windstorm, but is limited or excluded if the damage is due to wear and tear, lack of maintenance or gradual deterioration.
What is wind-driven rain
Most unpredictable natural disaster (regarding prediction and damage)
What is an Earthquake
Name for a really bad storm (characterized by the presence of a mesocyclone) with rotating updraft that can cause a tornado
What is a supercell
Oversees insurance companies in the U.S.
Monitors all aspects of the insurance sector and ensures access to insurance products to underserved communities...
What is the Federal Insurance Office (FIO)
Adjudicative process, alternative dispute resolution (similar to a trial format, but less formal)
What is Arbitration
The HO-3 only covers loss from rain, snow, sleet, sand or dust to personal property inside a building under limited circumstances. Specifically, the direct force of wind or hail must first damage the building, causing an opening in a roof or wall.
True of False
What is ...TRUE
4 Types of Climatic Catastrophes
What are drought (and aridification), wildfires, pollution and floods
Claims professional hired by the policyholder to assist with evaluation and negotiation (often adversarial to the insurance carrier/adjuster)
What is a Public Adjuster
A fortuitous event that causes direct physical damage
What is direct sudden and accidental damage
Dispute resolution professional (neutral 3rd party, part of an appraisal panel) retained to review an insurance claim and make an objective decision about the value of the property or the amount of damage. The umpire is unrelate to either the insurance company or policyholder.
What is an umpire
There is no such thing as "hurricane insurance"
What is ...TRUE
(correct names may be a combination of windstorm, flood or homeowners insurance)
Name at least 4 main types of extreme weather
What are heat waves, freezes, heavy downpours, tornadoes, tropical cyclones and floods (any of these)
It is recommended that you do not wash hands or dishes, or take a shower or bath during a thunderstorm
What is ...TRUE
Explanation: metal plumbing and the water inside are conductors of electricity
Climate pattern that describes the unusual warming of surface waters in the Pacific (occurs on average, every 2-7 years)
What is El Nino
Abbreviation for: Alternative Dispute Resolution
What is ADR
Where (in the world) do most tornadoes occur
What is the United States
Part of the property policy that describes what is NOT covered
What is Exclusions
Insurance is not intended to cover everything
What is TRUE
Created to supersede common law. May codify existing common law, create new causes of action in the common law or legislatively overrule the common law.
What is a Statute
Method of negotiating, alternative to trial, collaborative and confidential
What is Mediation