Chapter 3 - Package Policies

Question 1

How are buildings defined in a typical household policy?

Answer 1

‘Buildings’ are the main structure of the private dwelling and include garages, sheds, greenhouses and other outbuildings.
Swimning pools and tennis courts are included too.

Question 2

What are three risks that are excluded if the building is unfurnished or unoccupied for more than 30/60 days?

Answer 2

Any 3 of:

• Theft
• Riot, civil commotion etc
• Burst pipes
• Esape of oil
• Breakage of glass and sanitary fittings

Question 3

What are three automatic extra covers provided by the contents section of a household policy?

Answer 3

Any 3 from:

• Temporary removal
• Clothing and personal effects of the insured’s domestic servants
• Accidental breakage of mirrors and glass on or fixed to furniture and
• Loss of rent

Question 4

What on, no more than one sentence is the scope of liability cover in a household policy?

Answer 4

The building section covers the liability of the insured as owner, whilst the contents section covers liability as occupier of the premises.

Question 5

What is the extent of cover available for freezer cover?

Answer 5

Deterioration of the contents in freezer as a result of change in temp or contamination.

Question 6

What is the scope of cover for horses and ponies under the domestic animals extension?

Answer 6

Covers:

• Death from accident, sickness or disease
• Economic slaughter and
• Loss by Theft or straying

Question 7

What are the basic section of cover provides by travel insurance?

Answer 7

• Personal accident benefits
• Medical and associated expenses
• Loss of deposits and other charges incurred becauae of Cancellation or cutting the holiday short.
• Baggage, personal effects and money
• Personal liability
• Delayed baggage
• Hospital cash benefits
• Travel interruption and travel delay

Question 8

What type of benefit is provided by the delayed baggage extension?

Answer 8

Extension covera costs of essential items of clothes and toiletries as a result of the delayed baggage for a certain period of time

Question 9

What risks are covered in a typical commrcial package policy?

Answer 9

Answer should include:

• Fire and additional perils
• Business interruption
• Theft
• Money 💰
• Glass
• Assault
• Goods in transit
• Emoloyers liability
• Public liability and products liability