Smart Plan/Next Gen
How does the Next Gen 2nd Edition settle losses for wooden fences?
ACV - Actual Cash Value
Does the Pro Plus policy provide coverage for my fish that were lost in the fire at my home?
No - fish are an excluded personal property item
In a Replacement Cost Value settlement, how long does the insured have to complete the work, submit the invoice, and recover depreciation on the claim?
365 days from our first ACV payment
Are fences covered in the Foremost 4075 policy?
Yes, in Coverage B - Other Structures
Use the limits and policy under claim 3011905646-1. The insured has hail damage to her home, shed, and patio furniture. What coverage can we apply?
Hail is a covered peril. Policy provides coverage and limits for the Cov A but there is no coverage for Cov B or C as no limits are listed on the Dec Page or Heart.
Does the deductible apply under the Debris Removal coverage in the Farmers Smart Plan policy?
No
How does the Pro Plus policy provide coverage for loss settlement under Coverages A, B, C?
RCV - Replacement Cost Value
Does the deductible applies to Loss of Use Coverage?
No - the deductible does not apply for Loss of Use: Additional Living Expenses, Loss of Rents, Prohibited Use
Does the 4075 or 11000 policy provide coverage for direct and sudden water damage?
4075 - all risk less exclusions
Smart Plan - an insured's 16 year old daughter drove through a chain link fence and hit a tree with her vehicle. Can we extend coverage for the loss?
Tree - excluded as the vehicle was owned/operated by an insured
Debris removal - remove tree from the fence, no deductible applies
Fence - yes, vehicle is a covered peril, RCV
If a tree fell on a power line causing the power to go out in my neighborhood, does the Farmers Smart Plan policy provide coverage for food spoilage? How does it provide coverage?
Yes, since the power outage occurred off-premises, we can extend coverage for the loss. The food is subject to the Cov C limit and the policy deductible applies.
Pro Plus policy, $100,000 Coverage A limit (building), $20,000 Coverage B limit (separate structures), $10,000 Coverage C limit (contents). A drunk driver hit my tree with his vehicle. What is my total limit for the trees, shrubs, plants, and lawns coverage? What sub-limits are within the limit?
5% of Cov A limit or $5,000
$500 limit for each tree, shrub, or plant
What can the insured claim under the Additional Living Expense coverage?
-Hotel costs
-Increase in food expenses
-Increase in mileage
-Generators
How does the 4075 policy provide coverage and what limits apply to remove trees from covered damaged property due to a wind loss?
$1,000 limit for trees, no deductible applies, removal from the premises
Foremost 4075 Policy - there was a lot of snow on her roof and now water is leaking into her kitchen, living room, bedroom, and bathroom. Is there coverage?
No coverage can be extended, exclusion 15 - for damage from leaking of rain, sleet, or snow.
In the Next Gen 2nd Edition, the Coverage C limit is $75,000. I am staying at my friend's house and their house burns down. What is my contents limit?
15% of Coverage C for personal property off the residence premises. $11,250
How does the Special Form policy provide coverage for Coverage C, Contents? (Damage and Settlement)
Named Peril and Actual Cash Value
If the RCV is below $______ we do not need to withhold depreciation from the repair cost.
$2,500
What will we withhold depreciation on if the RCV for Cov A is $3,000 and the RCV for Cov B is $1,800?
Cov - A since the RCV is more than $2,500.
Next Gen - wind damage causes a tree to fall on my shared wooden fence and shed. How does the policy provide coverage?
Shared wooden fence - 1/2 the repair cost, ACV
Shed - RCV
Debris removal - covered to remove from the shed and fence
Does the Farmers Smart Plan policy provide marring coverage for hail damage to gutters?
No - marring is excluded in the policy to all roof metals and/or gutters/downspouts. We only provide coverage if there is a demonstrable or actual hole or opening in the metal material.
In the Special Form policy, wind caused my tree to fall on my shed. Can I provide any coverage for the tree to be removed and/or replaced?
The debris removal coverage would apply to remove the tree from your shed in order to complete the repairs to the shed. We would not owe to replace the tree as wind is not a named peril for under the Trees, Shrubs, Plants, and Lawns coverage.
Where do we provide coverage for personal property?
Anywhere in the world
Does the deductible apply to all losses in the 4085 policy?
No - any loss over $5,000 (other than caused by earthquake or hurricane) the deductible will be waived
Next Gen - insured has water leaking into their basement, the water is coming in around their window sills. Can we provide coverage for the loss?
Limited water coverage would not apply. Water is an uninsured and excluded cause of loss. Surface/ground water is excluded. Coverage can't be extended for the loss.