Homeowners Flashcards
Are the actions of a named insured who does not live on the premise described in the declaration covered?
No, see page 17 #6
If dwelling building is Coverage a and personal property is coverage c what is personal liability?
Coverage E
How much are tenants improvements and betterments insured for?
No limit
What is the maximum payable under the credit or debit cards extensions?
$2,000 aggregate
Where are building materials slated for renovations covered?
On or adjacent to the premises
You have Guaranteed replacement cost on your building and you renovate your home over 3 months.The total value of the renovation is $10,000. 10 days after you have completed the renovations. There is a fire and the entire host Burns down. Is there coverage on these renovations?
No.
In what instance must the authorities be notified before? A property plan can be simitive to an insurer?
Malicious acts, burglary comma robbery, and theft or attempted theft.
What kind of water damage is covered?
Sudden and accidental
If you go to affair and display your knitted mittens That you hope to sell there are you covered?
No, see exclusions on 2
Is Theft at another location which you own rent or occupied covered by the comprehensive home owner policy?
Yes, if your temporarily living there.
Are there certain special limits of insurance that do not apply in the event of a lost cause by specified peril. What items fall under this category?
Items 9 -14
What is the limit and deductible for freezer food extensions?
$2,000 without deductible
If your laptop is on personal Computer coverage and it is stolen from the back seat of your comparatible. While the roof is down would you be covered?
No, locked vehicle warranty
If you are sued for transmitting a disease to another person, are you covered?
No, see exclusion 8
When do special limits for items 1-8 apply?
Always
What perils are outdoor trees shrubs and plants covered for?
Fire, lighting, explosion, impacts by aircrafts and vehicles, riot, vandalism, and malicious acts
If you get charged by the fire department for services provided to save or protect your insured property. Is there any reimbursement from your policy?
Yes, up to $1,000
If an insured chooses not to build on the same location, what would be the basis of claim payment?
Actual cash value
You have a secondary residence which is insured for 50000 a detached shed which is valued at 10000 in the event of a total loss of both buildings. What is the covered on the pollen
$50,000 maximum
What length of owned non motorized watercraft are automatically covered for your personal liability?
26 feet
Is it possible to ensure a musical instrument played professionally on the personal articles coverage?
Yes, with written permission
Where are your personal articles ensured by your comprehensive package policy?
Any where in the world
Would a resident employee be covered if he was injured on your premise due to non negligent on your part?
Yes
What must you do in something takes place? And you believe that there may be a liability claim?
Report by giving written proof with all the details, to all persons of interest.
Will coverage g cover and insured for intentionally causing damage?
Only those 12 years of age or under.
Is there a difference in the definition of insured under the personal property coverage and under the liability coverage?
Yes, personal property covers your property, and liability protects YOU from any accidental damage you may cause to other people, places, and things.
Are you covered for vandalism at your seasonal dwelling?
Only if specified in the declaration 📜
What is the deductible for an item on personal article coverage?
No deductible
What does the additional condition Sue and labor require the insure to do following a claim?
Take all reasonable steps in and about the recovery of lost property
What are the seven perils covered by a vacant permit?
Fire or lightning, explosion, smoke, falling objects, impact by aircraft vehicles, riot, and windstorm or hail.
Is a boat scheduled on a watercraft Coverage covered when used once in a year in a race?
Not while racing
Does the homeowner policy cover personal liability arising from the use of an owned aircraft?
No, see exclusion 10
How much are bicycles covered for if there burned in a fire?
Their full value
To repair an old air conditioner, walls have to be torn out. Would this be covered by the home owner’s policy?
No, has to result from an insured peril
How much is an unscheduled watercraft covered for in the event It burns in a boathouse fire?
$1,000
When does all coverage drop off of a vacant dwelling?
After 30 days
If your friend moves into share the cost of your apartment. Is he or her contents covered under your policy?
No, they require their own content coverage.
What coverage of homeowner policy covers an inground swimming pool?
Coverage A
What are three perils drop off as soon as the building is vacant?
Water damage, vandalism, and glass breakage.
Are you required to pay a deductible on items where a special limit applies?
Yes, off of the total loss.
If the condominium corporations insurance is invalid or inadequate, how much will the condominium unit owner policy pay for the damage to the common areas that you get assessed for?
$10,000
What is the maximum amount? The comprehensive homeowner policy will pay for the fire damage to a tree?
$500 per tree.
Until what age is a student living away from home? Considered an uninsured under their parents policy?
No limit.
Is there coverage for content while moving? If so how long at the what location?
Yes, 30 days while in transit to and at another location within Canada to be occupied by you as your principal residence.
In the event of a loss of a collector’s item, will you be able to get a replacement cost on them?
No, replacement cost is only on new items.
If a civil authority prohibits access to your premise due to damages to neighboring premises, are you covered?
Yes. For 14 days.
If there is more than one policy covering a house, how would a loss be settled?
Each contributes its rate able proportion.
If you go away on vacation and there’s a lost cause by freezing pipes at your basement. Are you covered?
Only if a competent person enters the dwelling each day or water stole has been shut off and all pipes drained.
If you lose one of your diamond earrings that were purchased for $3000 and they cannot be replaced as a set was unique. William sure by a new pair of earrings. What about if the scheduled on personal article coverage?
No, pair and set
If you have jewelry insured on personal article coverage and you purchase a new ring for $7,500 while on vacation, is it covered if you lose it fine days after purchasing it? If so, how how much?
Yes, only up to $5,000
