Basic, Broad and Comprehensive Coverages Flashcards
Homeowners Forms
Name the 13 Basic Form Coverages
- Fire/Lightning
- Explosion
- Smoke
- Windstorm/Hail
- Impact by vehicle
- Falling Object
- Theft (& Damage during)
- Riot
- Vandalism/Malicious Acts
- Glass Breakage
- Transportation
- Electricity
- Water Damage (Sudden & Accidental Escape)
Water Damage Does Not cover
Under construction or vacant buildings
Sewer back up
Continuous seepage of water leakage
Flooding
Damage to systems from which water escaped.
By Freezing inside dwelling when insured is away for over four days over the heating season .
Ice Build upon waterborne objects.
Name the 18 Broad Form Coverages
All Basic Form Coverages and
14. Smoke damage from fireplace
15. Roof collapse due to snow load
16. Impact from a land vehicle (driven or owned by insured)
17. Fire caused by earthquake or landslide
18. Any peril not specifically included
Name the 7 Basic Form Exclusions
- Buildings for business use
- Illegal Property
- Vacant Dwelling
- Criminal/Intentional Acts
- Property on display
- Application of heat
- Release of fuel oil
Name the Comprehensive Form Coverages
Basic + Broad +
19. Mysterious Disappearance (of jewelry)
Name the Comprehensive Form Exclusions
Basic +
a. Water Damage
b. Snow/Landslides or Earth Movement
c. Wear & Tear / Mechanical Breakdown / Deficit / Corrosion / Mold
d. Settling / Expansion etc. of building
e. Sporting Equipment due to use
f. Property being worked on if result of work
g. Caused by birds, vermin, insects
Name the 11 Extensions of Coverage on all Homeowners forms
- Debris removal
- Property removed
- moving to another home in Canada
- fire department expense
- Change of temperature
- Freezer food
- Lock Replacement
- Tear Out
- Arson Conviction Reward
- Credit/Debit cards forgery and counterfeit money
- inflation protection
items excluded from all Homeowners forms
Motorized vehicles or their equipment
campers, trucks caps, trailers
Aircrafts
Property of roomers/borders
