Ch.6- SECT.1 Pers. Prop. (habitational) Ins. Flashcards
Definitions
RIBO page 1
Insured extended to include:
- student enrolled+attending school + dependent of insured or spouse (even if reside away from principal residence )
You/your
- you/your: insured, you, your His/her/husband/wife: spouse of insured entitled to make claim - if not name in policy, must prove: 1. Was living with insured continuously for 3 years 2. Parents of a child + living w/ insured 1 year Relatives of either: Incl children, parents, grandparents, other family who live w/ insured - no age limit Any person under 21 in their care: - even if not related -incl: foster kids, exchg students
Dwelling
Building/ portion of building/unit occupied by you as private res. For habitational (not biz) use
Business
Continuous + regular pursuit under take for financial gain
Premises
Dwelling and land contains writhing lot lines on which dwelling situated
Premises for tennant and condo
Incl garages, outbuildings, private approaches only for you
Vacant
- partially or fully furnished - occupants: 1. Moves out w/ no intention to return 2.newly constructed unit before occupants move in 3.occ. Moved out and no new occ moved in
Extensions of coverage:
RIBO of. 8-10 There Are 12
LIST:
Extensions of coverage : 1.debris removal
-Loss/ damage caused by insured peril - if any payable is more than any of ins. : + 5% of coverage A
Extensions of coverage : 2. Property removed
- removed to protect it from loss/damage - protected for 30 days or till policy expires
Extensions of coverage : 3.moving to another home
To insure property in transit /at another loderion to be occupied Canada only 30 days or till expiry of policy
Extensions of coverage : 4. Damage to dwelling (tenant)
-$500 Oc coverage C - if loss caused by theft or interior , caused my vandalism/ malicious acts
Extensions of coverage : 5. Fire department charges
Up to $1000, no deductible
Extensions of coverage : 6. Freezer food
up to $2000, no deductible
for loss/damage due to:
- Mechanical breakdown (will pay reasonable expenses to save/preserve food)
- Outside power interruption- no coverage of due to:
- Disconnection of power supply by pet or vacuuming
- Natural spoilage /natural change
Extensions of coverage : 7. Credit/Debit cards, forgery/ounterfeit money
- Insured if not caused by insured
- limits:
- $200/OCCURENCE for 1 tx (cdn/US)
- TOTAL LIMIT: $2000 during term
- no deductible
- EXCEPTION: not covered if use of card by person living in the home
Extensions of coverage : 8. Change of temperature
- if results from physical dmagae to dwelling/equipment by insured peril (causes of loss (i.e fire)
- indirect damage still covered with extension
- must prove:
- physical damage to bldg/equipmet id from insured preril
- property was in dwelling at the time of loss
Extensions of coverage : 9. Lock replacement
- up to $500
- no deductible
- will repalce if keys stolen during burglary/theft + REPORTED TO POLICE
*