Terms Flashcards
Contract of Adhesion
Contract was sold, purchaser had no say in contract
Direct Damage
Touchable Damage
Indirect Damage
Can’t touch, Financial Damage
State Farm PWARR
Paid When Actually Repaired, Replaced
Soffit
Flat metal applied to the underside of a structure such as an arch, balcony, or overhanging eaves.
Eaves
(Horizontal)The lower edges of the roof that overhang the homes exterior walls. Gutters hang here.
PWI
PAID WHEN INCURRED
Exterior Wall
Always 8 inches & Exterior walls on the property.
Replacement Cost
The value required to replace old property with new property.
Fan Fold
Insulation behind siding and a code item.
J Channel
Edge flashing (shaped like a J), Applied to siding
Linear Feet
Straight line. Contrary to square or cubic feet, a linear foot is one foot in a straight line.
Actual Cash Value
Replacement cost minus depreciation.
3 Tab Shingles
Made of 3 individual tabs, Flat.
Gable Roof
Classic, most commonly occurring roof shape, 2 roof sections sloping in opposite directions.