Homeowners Sec 2 Flashcards
HO personal liab. limit
$100,000
Legal payments are ____ to the limit of liab
Additional
Med pay is good for ___ years
3
Med pay min coverage
$1,000
Coverage for Inboard/Outboard
LESS THAN 50hp
Coverage for Outboard
LESS THAN 25hp
Coverage for Sailboat
SMALLER than 25ft
Age of a minor for HO BI and PD
Younger than 21
Claims Expense ($)
$250 per day
First Aid Expense ($) HO
All incurred via BI
Damage to Property of Others ($)
$1,000 per occurrence
Loss Assessment ($)
$1,000
Personal Article Floater Endorsement
More mobile property (coins, jewelry, computers)
Personal Injury Endorsement: what changes. Name acts (6)
Changes BI to PI
1. False arrest, detention or imprisonment;
- Malicious prosecution;
- Libel, slander or defamation of character;
- Invasion of privacy;
- Wrongful eviction;
- Wrongful entry.
*NOT SEXUAL HARASSMENT
Personal Property Endorsement
Appliances & Furniture (Replacement Cost) may use coverage C 50-70%
Permitted Incidental Occupancies Endorsement
Small business
Watercraft Endorsement
BI and PD from boat with 25+hp and sailboat larger than 25ft
Watercraft Endorsement DOES NOT COVER (3)
1.Vessels used for racing
2. Using the vessel as a taxi or rental boat
3. Coverage to the insured’s employee for the operation or maintenance
Water Back-up and Sump Discharge or Overflow Endorsement (pay & deductible)
This endorsement pays up to $5,000
This endorsement has a $250 per occurrence deductible.
Refrigerated Property Endorsement (pay & deductible)
Pay: $500
Deductible: $100
Absolute Windstorm or Hail Exclusion
Windstorm or hail are excluded on all HO Forms.
Losses due to Fungi
The policy will pay up to $5,000
Home Day Care Business – Liability Exclusions: coverage on personal property used on the residence premises
$2,500
Home Day Care Business – Liability Exclusions: coverage on property away from the premises
$1,500
