5 - Section II of the Homeowners Policy Forms and Endorsements Flashcards
Minimum liability limit on Coverage E of HO Policy
- $100,000
- also pays for legal defense
How long does the insurer pay medical expenses incurred or medically ascertained un Coverage F of the HO Policy?
-within 3 years from the date of the accident
Minimum coverage limit in the policy for Coverage F of HO Policy
-$1,000
Under the Special Provisions endorsement, the maximum amount of coverage for theft of firearms is _______.
-$10,000
The Water Back up and Sump Discharge or Overflow endorsement pays up to ______ for water that backs up through sewers or drains and overflows from a sump.
-$5,000
Section II of the Homeowners Policy will pay up to _______ per day for the actual loss of earnings by the insured for assisting the company in the investigation or defense of a claim or lawsuit.
-$250
The coverage is limited to sailboats not exceeding _________.
-26 ft
Refrigerated Property coverage is an endorsement that will cover losses associated with refrigerated property that spoils due to a power loss or mechanical failure. This endorsement has a benefit amount of _______.
-$500
The insurer will pay up to _______ for the insured’s share of loss assessment charged as owner or tenant of the residence premises by an association of property owners, when the assessment is made as a result of bodily injury or property damage.
-$1,000
Refrigerated Property Coverage is an endorsement that will cover losses associated with refrigerated property that spoils due to a power loss or mechanical failure. This endorsement has a deductible in the amount of _______.
-$100
Under the Special Provisions endorsement, the maximum amount of coverage for theft of silverware is _______.
-$10,000
The insurer will pay, at replacement cost, up to ______ per occurrence for property damage to property of others caused by an insured.
-$1,000
Watercraft Liability Covers
- boats in storage
- inboard or inboard/outboard motors equal or less than 50 hp not owned by an insured
- inboard or inboard-outboard motors with more than 50 hp. not owned by or rented to an insured
- outboard equal or less than 25 hp
- outboard w/ more than 25 hp not owned by or rented to an insured
- sailboats less than 26 ft or sailboats of more than 26 ft not owned by or rented to an insured
Personal Injury HO - 32-82
- false arrest, detention or imprisonment
- malicious prosecution
- libel, slander or defamation of character
- invasion of privacy
- wrongful eviction
- wrongful entry
Losses due to Fungi
-policy will pay up to $5,000
