Alphabet Soup
HOI
what is Homeowners Insurance
The "chance" or uncertainty of loss?
What is Risk
Homeowner policies have two parts they are...
What is Property and Liability
PPA stand for ______ and includes ______ and _______
Private passenger Auto; Casualty and Property
I move out of my personal home but will keep it and rent it, do i need change my insurance??
YES - What is a "dwelling policy" or "landlord policy"
PPA
What is Private Passenger Auto
The more examples used to develop any statistic, the more reliable the statistic will be
What is Law of Large Numbers
HO-4 is otherwise referred to as..
What is Renters insurance or form
What are minimum limits for liability (financial responsibility) in NC on car insurance?
What are Split Limits: $50,000/$100,000 bodily injury and $50,000 for property damage
I buy a new car, do i add to my insurance? Or dealer adds it?
YOU ADD IT - never trust the dealership to do that
RC vs. ACV
What is replacement cost vs. actual cash value
This is the "cause of loss"
What is a "peril"?
All coverages are Open Peril (Comprehensive Peril) on which homeowner policy
What is a HO3 or HE7 form
What does first accident forgiveness do?
Forgives SDIP points (insurance points) from surcharging the policy at renewal
Roofer knocks on my door says i have roof damage and he can help me file a home insurance claim and get a brand-new roof, what do i do?
TELL THEM TO KICK ROCKS, call your agent then call STEVE WITH MIGHTY DOG ROOFING for an honest opinion :)
BI
What is bodily injury
An individual through carelessness or by irresponsible actions can increase the chance of loss
What is Morale Hazard
Name two exclusions under coverage "C" (contents)
Articles separately described and insured on this or other policies, animals, motor vehicles, aircraft, boats property of roomers and boarders, books of accounts, fancy artwork (some items very limited coverage like guns and jewelry)
Name two selected PPA endorsements
Towing & Labor / Extended Transportation / RRC (new car) / custom equipment
If it's needed, you can only get this through the lender/dealer, not through your auto insurance agent
FAF
What is first accident forgiveness
A _________ may shift liability from an owner or contractor to a tenant or subcontractor
What is a Hold Harmless Agreement
Name a company that offers the HE7 policy? (most companies only offer up to an HO3 form...)
Who is ERIE INSURANCE!
If i have a car titled to my business what endorsement needed to add to my personal auto policy?
TRICK QUESTION :) - NONE, can't be done, let Lance help with a NEW Commercial Auto policy
Who is your one stop shop for all things P&C insurance related?
WHO IS LANCE HARDEN!!!!