The Standard Fire Policy Flashcards
1
Q
Standard fire policy
A
The first of insurance provided homeowner and commercial property coverage for fire and lightning perils
2
Q
“165 Line”
A
Also known as standard fire policy had 165 lines explaining new insurance concepts that are still used today
3
Q
Line of Coverage
A
a particular risk or group of risks covered by an insurance policy
4
Q
Monoline Policy
A
An insurance policy that covers only one risk or type of risk
5
Q
4 parts of the standard fire policy
A
DICE
