Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Personal lines > Unit 6 > Flashcards

Unit 6 Flashcards

1
Q

Dwelling

A

Not required to be owner occupied

Covers risk like rental, older homes, and hunting cabins

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Dwelling Eligibility

A 
1- 4 unit dwelling w/ Boarders
Vacation dwelling
Rental dwelling
Dwellings under construction
Mobile Homes

( Farm dwelling not available)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Dwelling Coverage A

A

Dwelling - Covers dwelling, structures attached, 7 materials/supplies used to repair

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Dwelling Coverage B

A

Other (Detached) Structures - building on premises not used for for commercial, manufacturing, or farming

( 10% of coverage A)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Dwelling Coverage C

A

Personal Prop - on and off premises. off premise covered at 10%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Dwelling Coverage D

A

Fair Rental Value - insurer will pay fair rental value to section that was rented

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Dwelling coverage E

A

Add Living Expenses -

included in DP-2 and DP- 3. Can be added to DP-1 by endorsement

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Other Coverages (Dp-1)

A

Auto included
Debris removal
Prop removed ( 5 days all perils)
Resonable Repairs
Renters Improvements ( 10% of coverage C)
Fire Department Service Charge ( $500 no deductible)
Worldwide Person Pro ( 10% of coverage C)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Other Coverages (DP-2 and DP-3)

A

All basic coverage
Trees, Shrubs and plants ( max $500 ea. Total 5% of Coverage A)
Collapse
zglass
ordinance or Law ( 10% of coverage A)
Removal Prop ( 30 days (( 5 days for DP-1))

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Claims Values

A

Person Pro - ACV

Dwelling ( DP-2 and DP-3 ) Replacement ( required to carry 80%)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

DP- 1 (Basic Form)

A

Fire, lightning and internal explosion

EC available for:
WCSHAVVER ( add premium)
V&MM ( add premium)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

DP - 2 ( Broad Form)

A

All Dp-1 (Fire, lightning and internal explosion, WCSHAVVER, V&MM)

Plus BIGAFFECT

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

DP - 2 ( Broad Form) Exclusions

A

Regular exclusions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

DP- 3 (Special)

A

All risk

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

DP - 3 ( Broad Form) Exclusions

A 
Intentional damage
theft
freezing of plumbing ( if unoccupied and not then care of)
Wear and tear
Foundations
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

General Dwelling Exclusions

A 
Ordinance or Law
Earthquake
Flood
War
Nuclear
Intentional loss
Government seizure
17
Q

Loss valuations

A 
Loss Settlement
Our option
Pair and set
loss payment
other ins
Recovered prop
18
Q

Coverage L

A 
Person Liability
At fault
BI to others
prop damage to others
on and off premises 
max 100k
19
Q

Coverage M

A

Med Payments

No fault
3 yrs

20
Q

Dwelling Add Coverage

A

BAILED

21
Q

Residential Theft Coverage

A

Not auto included
on and off premises
Broad- owner occupied
Limited - Not owner occupied

22
Q

Dwelling Exclusions

A 
Animals
Credit Cards
Prop in mail
Aircraft
Other ins prop
Tenants prop ( no relation)
Business propProp in custody of others
Motor Vehicles ( Unless used for disability)

Personal lines (8 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions