Other Insurance Terms Chapter 4

Question 1

Define personal property

Answer 1

The contents of dwellings, including clothing, jewelry an other such items. Items while located anywhere on the insured’s premises or while temporarily away from those premises.

Question 2

Define peril

Answer 2

Peril is the specific thing or event that may cause a loss to occur.

Question 3

Define fire

Answer 3

Fire involves a visible flame or glow.

Question 4

Name and describe two types of fire

Answer 4

Friendly fire- one that is deliberately set and that remains in the pace where it is supposed to be.

Hostile fire- one which becomes uncontrollable or breaks out from where it was intended to be and becomes a hostile element.