DP1 DWELLING PROPERTY Flashcards

1
Q

Settlement Option-ACV

A

IF “OTHER INSURANCE” exists, policy pays on a “Pro Rata” basis.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Coverage A - DWELLING

A

Including permanently installed building equipment and outdoor equipment to service property.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Coverage B - OTHER STRUCTURES

A

(Detached) - Excluding commercial use, (Owner may store commercial Equipment owned)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Coverage C - PERSONAL PROPERTY

A

Belonging to insured, family members, guest or servant, no coverage for roomers boarders and other tenants.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

coverage D - FAIR RENTAL VALUE

A

Rental monies wich insured is entitled due to covered loss until property is restored.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Coverage E - IS NOT AUTOMATIC

A

May be selected if desired - Additional coverage and automatic under DP-2 & 3

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Named Perils

A

FIRE, LIGHTNING, PLUS INTERNAL EXPLOTION (REFERRED TO AS FIRE).
Add Florida Mandatory Endorsment : CATASTROPHIC GROUND COVER COLLAPSE CGCC

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

May Prchased

A

1) Extended coverage- WHARVES (Suspends glass & crime when Bldg is vacant for 60 days) AND
2) Vandalism or Malicious Mischief - VMM (Only if EC is purchased)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

May Purchased

A

1) Extended coverage- WHARVES (Suspends glass & crime when Bldg is vacant for 60 days) AND
2) Vandalism or Malicious Mischief - VMM (Only if EC is purchased)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Extended Coverage - WHARVES

A

WINDSTORM: Excluding awnings, antennas,signs and boats, interior damage w/o exterior damage.
HAIL (granizo), AIRCRAFT (aeronave), RIOT or Civil commotion, VEHICLES, EXPLOSION (except steam pipe or steam boiler) SMOKE (sudden acidental smoke, excluding fireplaces & ind. operations)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Exclusions - WOPER

A

WATER damage by flood, back up of sewers, underground seepage, ORDINANCE or laws where enforcement causes increases in constrution cost- POWER interruption damage if power source is away from premises, EARTH movement other than CGCC, REBELLION, Revolution, insurrection,war, government action.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

EXCLUSIONES - WOPER

A

AGUA daño por inundación, copia de seguridad de alcantarillas, filtración subterránea, ORDENANZA o leyes donde la aplicación causa aumentos en el costo de construcción- POTENCIA interrupción de daños si la fuente de energía está fuera de las instalaciones, movimiento de tierra que no sea CGCC, REBELIÓN, revolución, insurrección, guerra, gobierno acción.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly