Home RMP
We can bind a homeowners policy this many days future effective
90 Days
Service lines protection allocates this amount for Service line claims
$10,000/occurrence
We can bind a condo policy this many days future effective
180 Days
We can bind a condo policy this many days future effective
90 Days
The deductible for VIP policies
$0
The range of the estimated replacement cost we can offer as the dwelling coverage limit (as a %)
90%-150%
Claim forgiveness allows 1 claim within this many years without increasing the premium
Three Years
The minimum deductible allowed on a condo policy
$500
If a fire forces you out of your apartment, this coverage helps pay for increased living costs until you can move back
Additional Living Expense
The policy form used for homeowners policies
HO-3
A customer with an IS score of 85 can have this many total losses in the past THREE years
One
These discounts are available on the homeowners policy
Claim Free, Responsible Payer, and Multiple Policy
The minimum % of market value that we recommend for building property protection on a condo
60%
These coverage types are available for personal property reimbursement
Actual Cash Value or Replacement Cost
This principle in insurance prevents a person from profiting off a loss by requiring they have a legitimate financial interest in the property insured
Insurable Interest
Homes built before 1930 can have a maximum estimated replacement cost of this amount
$1.5 million
While doing the repairs at a customer's home, it is found that their electrical wiring is very outdated. This coverage would cover the upgrading of the wiring
Building Codes
In most cases, BPP covers this portion of the condo
Studs-In
Allstate Renters policy does not automatically cover this natural disaster
Flood
The maximum number of rental properties allowed for any ONE customer
9
The maximum number of units allowed on a multi-family home
Four
The definition of functional replacement cost
In the event of a loss, we will use readily available construction materials or methods that are functionally equivalent to and less costly than obsolete, antique or custom construction materials or methods.
This coverage can be added to protect the unit owner from actions levied by the association after a covered loss
Loss Assessments
This sub-limit is applied to theft of firearms, jewelry, furs, watches, etc.
$2,500
Water that escapes from appliances or plumbing fixtures is typically considered this
Water Overflow