Stack #35177
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| how many coverage forms are available under Dwelling program | show | (blank)
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| how many units can be insured under dwelling policy | show | (blank)
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| show | not eligible for coverage under regular homeowners program due to age, location, value or other factors. | (blank)
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| does the dwelling have to be complete? | show | (blank)
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| who can living in dwelling> | show | (blank)
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| show | yes but only for basic coverage. | (blank)
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| is the dweling coverage designed to insure farm property? | no | show 🗑
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| when can incidental occupancies be permitted? | show | (blank)
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| what type of permitted incidental occupancies allowed? | show | (blank)
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| show | named peril coverage form and provides the most limited coverage of three forms. AC | (blank)
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| how are losses paid under DP1 | show | (blank)
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| what perils or losses does DP1 insure against? | fire, lightning, internal explosion, | show 🗑
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| show | vandalism and maliscious mischief | (blank)
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| show | means combustion or rapid oxidation accompanied by heat or visible flame or glow. to be covered the loss must be result of hostile fire. (friendly fire is one that intentional and contained within its intended boundaries (such as within fireplace). | if friendly fire escapes boundaries & causes damge then fire considered hostile & covered. however fire doesn't have to orig from friendly fire to be hostile
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| lightning | show | if lightning causes damage to insured premises or causes a fire, the resulting damage will be covered
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| internal explosion | encompasses just about any explosion that takes place in an insured structure or in a structure containing covered personal property. coverage does not include loss or damage resulting from electric arching, breakage of water pipes, breakage or operation | show 🗑
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| show | yes, it can be added for additional premium coverage already printed on basic form however doesn't apply unless premium shown on dec for covg. | (blank)
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| what extended coverage can be obtained | windstorm or haiol, explosion, smoke, aircraft & vehicles, riot or civil commotion, volcanic erruption, | show 🗑
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| windstorm | show | damage to interior only covered if exterior bldg damaged by windstorm/hail. e.g. if interior damage results from wind/hail through open window-no coverage
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| explosion | the explosion does not have to occur inside the building, | show 🗑
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| smoke | show | smokes resulting from hostile fire is covered
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| aircraft & vehicles | show | no coverage for loss or damage to fences, driveways, or walks caused by aircraft/vehicles or for any other type property damaged by vehicles.
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| show | riots not defined in policy included within this cause of loss are | (blank)
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| volcanic erruption | show | no coverage for loss cuased by earthquake, land shock, waves or tremors
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| WHARVES | show | (blank)
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| when can vandalism and maliscious mischief be added | if extended coverage perils are insured on the policy, the insured may also add coverage for vandalism and maliscious mischief | show 🗑
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| show | on these policies loses to the dwelling are covered on a replacement cost basis as long as the insured maintains a minimum amt of coverage equal to 80% of dwelling replacement cost. broad form expands causes of losses insured under basic form. | there are often 7 additional perils insured in broad form, besides basic perils, the extended coverage perils and vandalism and maliscious mischief
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| what are the 7 additional perils insured against in the broad form? | show | (blank)
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| show | this peril expands coverage included for vandalism and maliscious mischief. coverage is provided for damage to any covered property (not just the building) if caused by burglary. | no coverage for property taken by burglars (theft) or if the dwelling has ben vacant for 30 or more days before loss.
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| falling objects | loss or damage resulting from falling objects is covered, except damage for awnings, fences, outdoor equipment, outdoor radio, and television antennas or aerials, masts or towers. | show 🗑
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| show | loss or damage to the building or contents cauased by weight of snow, ice or sleet is covered. | no coverage for damage to piers, wharves, docks, awnings, fences, swimming pools, foundations, retaining walls pavements or patios
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| show | sudden and accidental tearing apart, cracking, burning or bulging of appliances from heating water, an air-conditioning system or from an automatic fire protection sprinkler system is covered. | loss caused by freezing is not covered.
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| show | damage caused by accidental discharge or leakage of water or steam from a plumbing, heating, air conditioning or automatic sprinkler system is covered. policy will not pay for loss/damage caused by continuous or repeated seepage, or for losses caused by | freezing, unless the insured does his best to maintain heat in teh building or drains the equipment and shuts off the water supply. damage caused by discharge from off premises storm drain, steam/sewer pipe covered.
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| freezing of plumbing | show | (blank)
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| artificially generated electricity | sudden and accidental damage resulting from artifically generated electrical current is covered. no coverage for damage to tubes, transistors, or electronic components or circuitry that are part of appliances, fixtures, computers, & home entert units. | show 🗑
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| show | coverage for explosion, vehicles, and vandalism and maliscious mischief | broad form does not exclude explosion of steam boilers or steam pipes (as basic does), for vehicles only excludes damage to fences, driveways/walkways if caused by insured (does not exclude damage to other property caused by insd. no glass exclusion -vmm
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| what would happen if damage to fences, driveways or walkways was caused by someone other than insured/resident of insured's household under broad form (DP2)? | there would be coverage for resulting damage | show 🗑
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| under broad form DP2 would glass be covered under vandalism and maliscious mischief peril? | show | (blank)
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| under the broad form would explosion of steam boilers or steam pipes be included or excluded | would be included | show 🗑
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| if a fence/driveway or walkway was damaged by a friend of the insured who does not reside with insured would loss be covered? | show | what is done by insured-then excluded.
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| would storage bldg damage be covered under DP-broad form? | yes because only damage to fences, driveways or walkways is excluded. | show 🗑
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| why is the dwelling policy the policy of choice to insure rental properties?> | becuase the dwelling policy does not contain a vacancy clause. certain coverage may be suspended after 30 days of vacancy (V&MM, glass breakage) or accidental discharge or overflow of water, other perils are not affected by vacancy. | show 🗑
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| show | DP3 and unlke the basic and broad forms which are named perils forms, the special form is an open peril form. all perils are inusred against except those specifically excluded. covers dwelling and other structures on open perils basis. | insured's personal property covered for broad named perils found in DP2 with few exceptions.
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| how are losses covered under DP3-special form? | show | (blank)
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| show | theft of property that is part of dwelling/other structure is covered in special form; coverage for accidental discharge/overflow of water/steam is expanded to cover loss as a result of accidental discharge/overlow of water or steam that occurs off | insured premises. no exclusion to antennae, outdoor equipment, fences or awnings from peril of falling objects.
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| what additional exclusions are listed in the special form? | show | or theft in or to dwelling under construction, pollutants, weather conditions to extent they contribute to an excluded cause of loss (app to Covg A&B), acts deceisions/failures to act (app Cov A&B), faulty planning/design/materials (applies to cov A&B)
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| show | lawns, trees, shrubs, and plants, breakage of glass, collapse | (blank)
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| show | loss to lawns, trees, shrubs, and plants are covered if loss or damage is caused by fire, lightning, explosion, riot, or civil commotion, aircraft, nonwoned or operated vehicles, or vandalism and maliscious mischief (excl. theft). | this is an additional amount of insurance & is limited to max of $500 per tree, shrub or plant and maximum per loss of 5% of amt of coverage on dwelling.
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| breakage of glass | show | there is no coverage for glass breakage if building or structure has been vacant for 30 or more days.
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| collapse | show | the use of defective materials or methods in construction (if collapse occurs during construction, or one of the broad form perils. does not include settling, cracking, shrinkage, bulging or expansion. not considered an additional amt of insurance.
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| how many coverages does the dwelling policy have to cover the dwelling | additional structures, personal property, loss of rental value, and/or additional living expenses. | show 🗑
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| show | showing coverage on the declaration page. | (blank)
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| what is the standard deductible for property coverage? | a standard deductible of $250 except for fair rental value, additional living expense, and fire dept service charge. deductible applies on occurence basis, regardless of how many types of property involved in loss. | show 🗑
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| show | the deductible applies separately to each dwelling and its contents that may be damaged by single occurrence. | (blank)
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| what is covered under Coverage A | show | logic of this provision is that the dwelling is often rented to others and insured without contents coverage and if landlord furnishes lawnmowers or other equip. to service premises, no need to schedule small amt of content coverage.
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| what is coverage b=other structures | formerly called appurtenant structures would apply to detached garages and other outbuildings on described location that are separated from dwelling by a clear space, or connectged only by a fence, utility line or similar connection. =10% of Coverage A | show 🗑
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| show | to store commercial farming or manufacturing equipment owned solely by the insured as long as the only gaseus or liquid fuel in storage is contained in a permanently installed fuel tank on a vehicle or craft stored or parked in structure. | (blank)
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| can other structures be rented to anyother other than a tenant of main building? | show | except for a gage which is used for a private garage which does not come under exclusion of rental property and is covered even if it is rented to someone other than T of dwelling.
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| show | yes | (blank)
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| what is included under Coverage C? | show | guest or servant under the dwelling forms applies only while such property is at the described location.
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| how much coverage is provided under Coverage C for personal property of insured? | with regards to personal property of insured, 10% of the Coverage C limit may apply against losses by covered perils to personal property (other than rowboats and | show 🗑
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| how much of personal property coverage will apply of Coverage C a | applies against losses by covered perils to personal property (other than rowboats/canoes) while it is anywhere in world; | show 🗑
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| fair rental value? | show | (blank)
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| fair rental value | property under Coverage A, B or C becomes damaged or destroyed or unfit for normal use then policy pays fair rental value of described premises or part of it used as rental property. fair rental value does not include expenses that would not continue | show 🗑
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| when is additional living expenses available | only if broad or special form dwelling coverage is written. it pays for additional living expenses the insured incurs while the described premises are unfit for use or being repaired. | show 🗑
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| what things are included as additional living expenses? | include such things as rent for alternative housing,. | show 🗑
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| when will payments under ALE cease? | they will not cease if the policy expires before repairs have been completed. | show 🗑
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| show | removal, other structures, debris removal expense, reasonable cost for repairs, tenants improvements, alterations and additions, worlwide personal property coverage, rental value & additional living expense | and fire dept service charge
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| removal? | show | perils insured against are converted to open peril coverage during process removal; basic form policy provides coverage for 5 days, while broad & special provide coverage for 30 days.
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| show | insured may elect to apply up to 10% of dwelling insurance amt to cover other structures on the insured premises. in basic form, this is not an additional amt of insurance & will reduce amt available under Coverage A in case of concurrent loss. | in broad & special forms, covg provided automatically & considered an additional amount of insurance coverage provided under Coverage B. If amt insufficient, Cov B limits may be increased for additional premium.
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| debris removal expense | reasonabkle costs to remove debris after a covered loss is covered. | show 🗑
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| show | incurred by insured for repairs necesary to protect property from further damage at time of a covered loss is also covered. this is not additional amt of insurance. | (blank)
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| tenants improvements, alterations & additionhs | show | not considered additional amt of insurance & will not increase total amt of insurance payable in case of loss.
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| worldwide personal property coverage | insured may elect to apply up to 10% of the personal property limit to pay for losses to personal property away from premises. no covg for rowboats or canoes, | show 🗑
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| show | under basic form, rental value coverage allows insured to apply up to 10% of limit for dwelling to pay for fair rental value of described premises, or part of it rented to others at time of a loss. covg limited to 1/12 of 10% limit monthly and will not | increase total amt of insurance available. broad and special forms=-covg included for both fair rental value & additional living expenses and does not reduce the dwelling limit in case of a concurrent loss. paymt amt not limited instead fair rental valu
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| show | up to $500 will be paid for costs incurred by insured becuase of an agreement to pay fire department if they respond to a fire at described premises. covg | considered additional amt of insurance and no deductible applies to this coverage.
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| all 3 policies contain several general exclusions that define actual extent of coverage provided. | show | (blank)
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| ordinance or law | covg does not apply to expenses incurred as result of any tearing down of property. | show 🗑
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| show | earthquakes and landshock waves associated with volcanic action are not covered. | however fire & explosion that result from earthquake & damaged caused by human or animal forces covered.
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| what time period is considered one earthquake | show | considered a single earthquake
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| water damage | show | (blank)
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| show | if there is loss or damage due to power failure away from insured premises, such as spoilage of refreigerated food from power outage-no coverage. | (blank)
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| neglect | show | (blank)
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| show | damage caused by war, insurrection, rebellion or revolution is not covered | (blank)
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| nuclear hazard | nuclear reaction or radiation or radioactive contamination is not covered. | show 🗑
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| intentional loss | it is contrary to public policy to insure loss or damage that is intentional, whether committed or conspired by all insureds or individual insured. | show 🗑
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| show | no coverage for freezing of plumbing system even while dwelling occupied, unless insured used reasonable care to prevent damage by maintaining heat/draining all systems & appliances | (blank)
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| what specific types of property not covered in any dwelling (89 forms) | land, structures used for commercial or manufacturing or farming, structures rented to others not tenant of dwelling, loss from cancellation of lease, accounts, bank notes, deeds, bills, coins, currency, platinum. (other than platinumwear), script, | show 🗑
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| show | outdoor laws, plants, shrubs/trees , hovercrafts & parts, devices used solely for deposit, withdrawal/transfer of funds, waterand/or steam, grave markers | (blank)
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| how is loss resulting from cancellation of lease excluded? | show | (blank)
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| is platinumware excluded from dwelling policies? | show | (blank)
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| show | no, rowboats and canoes are covered | (blank)
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| are any motor vehicles included | yes, motorized vehicles used solely to service the premises that are not subjec to vehicle registration | show 🗑
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| show | get a commercial policy | (blank)
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| can't have no more than 5 people subleasing a room (if 4 units) | show | (blank)
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| DP1 can be written for | any amount and paid at ACV | show 🗑
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| show | broad form named perils insured against | (blank)
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| DP3 also requires the amt of insurance to be at least 80% of dwelling | covers losses on replacement cost basis. open perils covers everything except those excluded | show 🗑
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| dwelling policy will cover 5 property coverages: | show | (blank)
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| show | Dwelling to dwelling, all attached structures, service related building equipment and materials kept at locaiton for repair or replacement of location or other structures | (blank)
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| Coverage B | show | (blank)
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| Coverage C | show | could apply to guest or servants at insd location
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| Coverage D | rental (but must have covg A,B,C) | show 🗑
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| Coverage D | show | (blank)
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| show | increased cost of living due to damage | only on DP 2 &3 but can add to DP1
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| show | basic form | (blank)
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| 3 other covgs DP2 & 3 | show | (blank)
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| endorsements | alter or change the original terms | show 🗑
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| theft coverage | show | (blank)
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| show | usually based on expected value | usually based on percent of home completed on particular date
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| 3 more common endorsements: automatic increase in insurance (inflationguard -raises covg); broad form theft coverage; dwelling under construction | show | (blank)
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| what conditions apply to dwelling policies? | show | mortgage holders; no benefit to bailee; cancellation/nonrenewal; liberalization; change of policy provisions; assignment; death; nuclear hazard; recovered property; volcanic erruption
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| insurable interests and limit of insurance | if more than one person has an insurable interst in property, the insurer will not be liable for more than the insured's interest in the loss or damaged property | show 🗑
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| show | losses will be valued as the lesser of: actual cash value of property at time of loss; policy limit; amt necessary to repair/replace property or amt reflecting insured's interest in property at time of loss. | (blank)
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| pair or sets | a clause in many property and inland marine policies which provides the insurer is not obligated to pay for total value of set of insured items if only one item has been lost damaged or destroyed. lost settlement would be based on reasonable and fair | show 🗑
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| other insurance | if other fire insurance applies to same loss, the insurer is only liable for the portion of loss that limit of insurance bears to total of all insurance | show 🗑
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| suits against insurer | no suit may be brought against insurer unless the insured has fully complied with all policy conditions and the action is started within 2 years of the date of loss. | show 🗑
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| show | the insurer has the option to repair/replace any part of damaged property with like property providing written notice to the insured within 30 days from receiving signed proof of loss. | (blank)
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| loss payments | show | (blank)
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| cancellation and nonrenewal | show | after 60 days, or if insurer plans to nonrenew coverage, at least 30 days notice of cancellation is required.
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| when can the insurer cancel the policy midterm | show | (blank)
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| liberalization | if the insured makes any change which broadens coverage in the policy edition during the policy period or within 60 days before the effective date, these changes will automatically apply without needing to be endorsed to the policy | show 🗑
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| death | show | (blank)
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| nuclear hazard | losses caused by nuclear hazard will not be considered caused by fire, explosion or smoke | show 🗑
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| recovered property | show | (blank)
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| volcanic erruption | all volcanic erruptions occuring within 72 hour period will be considered one occurrence | show 🗑
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| dwelling policy versus home owners | does not include personal liability, homeowners include theft as a peril insured against but only covered if add broad form theft endorsement, dwelling policy excludes money and valuable papers but HO covers. | show 🗑
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| show | automatic increase in insurance, broad theft coverage, dwelling under construction | (blank)
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| automatic increase in insurance | is an endorsement that may be added to a dwelling policy to increase the amount of insurance by an annual percentage to offset the effects of inflation. | show 🗑
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| show | only theft coverage provided in any dwelling policy forms is theft of property that is a part of the building under the special form. | none of the policy form covers theft of personal property but it can be added by endorsement if the insured is owner/occupant of dwelling.
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| show | personal property owned by insured or resident of insured's household caused by theft or attempted theft or for vandalism or malicious mischief that results from theft or attempted theft. | no coverage is premises have been vacant for 30 or more consecutive dates.
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| does the broad theft coverage provide on and off premises coverage? | off premises coverage cfna only be insured if on premises coverage is written. a separate limit of liability will be shon on the declarations page for both coverages. | show 🗑
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| what is included in on premises coverage? | includes loss at described premises owned or used by insured/resident employee and for property placed for safekeeping in a bank, trust or safe deposit company, a public warehouse, or a dwelling not owend, occupied or rented by the insured. | show 🗑
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| on presmises coveage includes (for broad theft coverage) | show | (blank)
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| what does off premises coverage cover (broad theft coverage) | protection from property away from the described premises that is either owned or used by insured, o rowned by resident employee. | show 🗑
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| how long will on-premises limit apply for property at newly acquired residence | on premises limit will apply automatically for 30 days including while property is in transit to new location | show 🗑
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| certain types of property are only covered for specific amounts. if the insured requires higher limits for these items, additional coverage may be purchased. the categories of property with these sublimits are: | show | $1500 securities; $1500 watercraft, their trailers, furnishings, equip & outboard motors, $1,500 other trailers, $1,000 watches, furs, precious & semiprecious stones, $1500 jewelry; $2500 firearms & rel. equip; & $2500 silver, silverplatedware, gold/plate
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| what additional sublimits exists for property | $2500 for silver and silverplated ware, gold and gold plated ware, pewter ware, including flatware, hollowware, tea sets, trays & trophies | show 🗑
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| show | animals, birds or fish, credit cards & fund transfer cards, property while in transit, property held as sample for sale, prop specifically described & insd by any other insurance, property of tenants, roomers, boarders (other than relatives), | business property of insured/resident employee; property in custody of laundry, cleaner, tailor, presser/dryer except loss by burglary or robbery; prop at other location owned/rented/occupied by insd, except if temp residing; motor vehicles subject to reg
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| what types of motor vehicles and equipment are excluded | motor vehicles other than motorized vehicles used to service the premises that are not subjec to motor vehicle registration, motor vehicle equipment & accessories, including sound receiving, transmitting or recording devices while in vehicle | show 🗑
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| are dwellings under construction eligible for coverage | show | (blank)
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| show | is provisional and based on completed value of structure. at time of loss, the applicable limit is a percentage of the provisional limit. based on proportion of actual cash value of property at time of loss. | premium is 65% of completed value premium
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| What SC Special Provisions must be added to DP policies by endorsement | Glass/Safety glazing material; ordinance or law other coverage; teh power failure exclusion; South Carolina valuation clause; cancellation and nonrenewal conditions | show 🗑
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| show | if part of a covered building and broken directly by earth movement is covered even if vacant for more than 30 days (60 days HO) any direct loss caused to covered property by the pieces of broken glass is also covered. other loss resulting because | of broken glass is not covered.
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| ordinance or law other coverage | as an additional amount of insurance coverage on all forms except DP-1 for increased cost to repair or rebuild to conform to current building codes. 10% of coverage A (coverage B if no coverage A). for tenants it is 10% of improvements, alterations, | show 🗑
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| power failure exclusion | is modified so loss resulting from a covered peril at the insured location is covered even if caused by power or other utility service failure | show 🗑
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| South Carolina valuation clause | must be added to all policies covering real property for the peril of fire as previously discussed | show 🗑
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| cancellation and nonrenewal conditions apply in SC as previously discussed. | (blank) | show 🗑
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jsl122171