DWELLING PROPERTY DP2 BROAD FORM

Question 1

Coverages A thru D Are almost the same as DP1

Answer 1

Minimum limits for cov A-$12,000 (if no cov A, then C $4,000

Question 2

Coverage E - ADDITIONAL LIVING EXPENSE

Answer 2

To maintain normal living standard while dwelling is being repair (May be added to DP-1 by Endorsement

Question 3

Named Perils

Answer 3

Fire, Lightning and WHARVES as DP-1. Note the followings differences: VMM built into DP-2; Add Florida Mandatory Endorsement: Catastrophic Ground Cover Collapse; Vacancy - 60 consecutive days (suspend glass breakage and crime losses)

Question 4

Additional Perils (NOT IN DP-1) CAP

Answer 4

COLLAPSE caused by certain Perils, ACCIDENTAL discharge of water or steam from plumbing, heating, air conditioning system and household appliances, PIPE damage from freezing of all plumbing system.

Question 5

Additional Perils (NOT IN DP-1) BOBBIE

Answer 5

BURGLAR damage to premises, OBJECTS Falling DP-2 EXCLUDES tv antennas, outdoor equipment, awnings & fences (all are covered under DP-3) BREAKAGE of glass, BULGING of steam or hot water heating & plumbing system, ICE, snow or sleet - weight of. Electrical damage from artificially generated electrical current.

Question 6

Other Coverages - RIOTRODS

Answer 6

RENTAL value & additional living expense - 20% for A ; Additional amounts of insurance (no monthly limit)

Question 7

rIotrods

Answer 7

IMPROVEMENTS, Alterations, additions - 10% of C Additional amount of insurance.

Question 8

riOtrods

Answer 8

OTHER structures - 10% of A ; Additional Amount of Insurance.

Question 9

rioTrods

Answer 9

TEMPORARY location after removal to save from covered peril - 30 days

Question 10

riotRods

Answer 10

REPAIRS to prevent further damage

Question 11

riotrOds

Answer 11

OFF Premises personal property - 10% of C- Worldwide, -NOT ADDITIONAL- No boats.

Question 12

riotroDs

Answer 12

DEBRIS removal, remocion de escombros.

Question 13

riotrodS

Answer 13

SHRUBS, Trees, plants - Certain Perils - FLAREV (Fire, Lightning, Aircraft, Riot, Explosion, Vandalism (vehicle) MAX 5% OF A - 500 MAX on each tree, shrub or plant - Additional amount of insurance.

Question 14

Settlement

Answer 14

Replacement cost - Cov A & B only - pays new for old if property insured for 80% of replacement cost (must notify company within 180 days of intent to replace) if not repaired in a reasonable time, ACV is paid.

Question 15

Mandatory Endorsement

Answer 15

Catastrophic Ground Cover Collapse (CGCC) Is automatically added to DP-1 - DP-2 & DP3

Question 16

Building Ordinance

Answer 16

Automatic on DP-2 and 3 for building owner- 10 % of A, for Non-Building owner 10% of B, for Tenant 10% of improvement limits applies (DP-1 May be endorsed)