Homeowner's Product
Under the new Homeowners Product, the Broad form provides coverage for the dwelling, detached private structures and personal property. What kind of coverage applies to the personal property under the broad form?
What is Named Perils
Only 2 types of coverages are available for Mobile Homes. What are these 2 types of coverage?
What is Comprehensive or Standard forms coverage.
What is the Coverage Limit in SK for a Voluntary Payment for Damage to Property?
What is $5,000
Where can you find information related to our product redesign?
What is ELVIS? - specifically search for product redesign
What type of coverage is provided for the dwelling, detached private structures and personal property when insured on the Standard Form?
What is Named Perils
In order for a seasonal dwelling to qualify for seasonal coverage, the dwelling is required to be located at a lake or a resort area. True or False?
False
Seasonal no longer requires a lake or resort area
What is the new coverage limit for Additional Living Expenses (ALE)?
What is 25% of the dwelling limit
Which region/jurisdiction went live with new wordings and Guidewire first?
What is BC/MB
February 21, 2024
AB - March 27, 2024
ON - May 8, 2024
What was once known as "Voluntary Fire Fighting" coverage is no automatically included per location on the policy. What is the base limit for this coverage?
What is $20,000.00
When the property is a rental to 3rd party and the 3rd party is residing there as their primary residence, this is only considered a rental if there is an exchange of money. True or False?
False
If the owner of the unit lives elsewhere and allows someone else to reside there as their primary residence, even if no money is exchanged, this is considered as rented to a third party.
Lawnmowers, garden tractors and snow blowers coverage used to be limited to $5,000 each. This limit has increased/changed to what?
What does the acronym "TOM" stand for within SGI/SGI CANADA?
What is Target Operating Model
Debris Removal used to be included as part of the limit of insurance, in the new wordings, it ADDS to the limit by a percentage. What is the percentage that it increases?
What is 5%
There are 2 options for occupancies available under the new Tenant's product. 1. is Rental. What is the other?
What is Special Care/Nursing Home/Seniors Complex
What is the new limit for Business Property under the new Personal Lines wording (not including Prestige)?
What is $10,000
What tool do we have that shows us how to navigate through Guidewire?
What is The SGI Resource Portal Hub
What amount of protection is available for Voluntary Payment for Damage to Property in SK?
What is $5,000
If our insured has a seasonal dwelling on their policy, what type of liability insurance will they have?
What is Premises Liability.
The Seasonal Dwelling form always includes premises liability only, since the occupancy requirements means it cannot be the principal residence for the insured.
What is the limit for ATV and Dirt Bike parts and accessories?
What is there is NO LIMIT
In Guidewire, what term replaces what we now know as a BF?
What is "Activity"