Condo, Coop, Renters

Question 1

Preference

Answer 1

Contents coverage -better rating
Must have:
$250K contents
$250K A&A
$5M liability
$25K jewelry
$50K fine arts
$25K silverware

Question 2

A&A

Answer 2

Additions and alterations

10% of contents limit

Question 3

City homes

Answer 3

Discounted rates

Contents = city homes (can go as low as 30% of coverage limit)

Question 4

Vacation home

Answer 4

Dwelling replacement cost capped at 50% above listed value
Contents limit as low as 30% of dwelling
Caps ALE, debris removal, and rebuilding to code

Question 5

Personal Liability

Answer 5

Up to $50M
Personal injury
UM/UIM available
30 day auto rental liability with $1M limit and no underlying coverage
$25K or $50K medical payments (depending on state)

Question 6

Other coverages

Answer 6

ID theft
Family protection
Hijacking
Child abduction
Air and road rage
Cyber bullying

Question 7

Cyber protection

Answer 7

Cyber extortion: protect from release of your private info
Cyber financial loss: reimburse the client money less from account
Cyber personal protection: cyberbullying, cyber breach of policy

Question 8

Equipment breakdown

Answer 8

Covers “suddenly and accidental”
Doesn’t cover faulty or “wear and tear”
Essential and enhanced options

Question 9

Essential (equipment breakdown)

Answer 9

Basic coverage
Non-permanent installed equipment IF the customer also has contents coverage
Up to $500K

Question 10

Enhanced (equipment breakdown)

Answer 10

Coverage for non-permanent AND permanent installed equipment

Question 11

Certificate of liability

Answer 11

Letting the third party know that the person renting has liability

Question 12

Excess liability

Answer 12

Liability above and beyond your homeowners