Term
| WHAT 6 UNITS ARE ELIGIBLE FOR DWELLING INSURANCE? |
|
Definition
1) Single family homes
2) 1-4 family houses
3) Duplexes, triplexes
4) Maximum of 5 boarders/roommates
5) Dwellings under construction
6) Permanently installed mobile homes |
|
|
Term
| WHAT DWELLINGS ARE NOT ELIGIBLE FOR THE DWELLING PROGRAM? |
|
Definition
|
|
Term
| WHAT ARE THE SIMILARITIES BETWEEN THE DP FORMS? |
|
Definition
| They cover the same types of property and contain the same General Exclusions and Conditions. |
|
|
Term
| WHAT ARE THE DIFFERENCES BETWEEN THE DP FORMS? |
|
Definition
| The perils insured against. |
|
|
Term
| WHAT DOES WC SHAVVER HELP ONE TO REMEMBER AND WHAT DOES IT STAND FOR? |
|
Definition
It helps to remember the Extended Coverage perils.
W-windstorm
C-civil commotion
S-smoke
H-hail
A-aircraft
V-vehicles
V-volcanic eruption
E-explosion
R-riot |
|
|
Term
| WHAT DOES BIG AFFECT HELP ONE TO REMEMBER AND WHAT DOES IT STAND FOR? |
|
Definition
It helps one to remember the Broad Form perils.
B-burglary damage
I-ice and snow weight
G-glass breakage
A-accidental discharge or overflow of water or steam
F-falling objects
F-freezing of pipes
E-electrical damage
C-collapse
T-tearing apart, cracking, burning, or bulging |
|
|
Term
| WHAT DOES THE TERM "VACANT" MEAN? |
|
Definition
| No contents and no regular occupants. |
|
|
