CH.6 Secondary and Seasonal

Question 1

Secondary and Seasonal

Coverage A: Dwelling/Building (Insured/Not insured)- same for both

Answer 1

INSURED:

• Dwelling and attached structures
• Outdoor pool + attachment’s
• Permanently installed outdoor equip
• Materials and supplies adjacent to prem. for construction

NOT INSURED:

• Tress, shrubs, , plants, lawns, items for commercial purposes

Question 2

Secondary + Seasonal

Coverage A: Dwellin/building (OPTIONAL Extensions of coverage)

Answer 2

• doesn’t increase amt of insurance
• Can Apply up to 10% of amt of ins to insure:
  
  1. Bldg. fixtures, fittings temporarily removed from prem. for repair/storage
  2. Detached private structures on prem.
  • Formula: value of detached structure / Value of all detached structures X 10% INS.
    
    3. FaIr rental value- pmt while repairing/ replacing THAT PART of prem
• If civil auth. Prohibits access due to insured peril:
  
  • Insures ADL or FRV loss, max 2weeks

Question 3

Secondary and Seasonal

COVERAGE C: Personal property :contents

INSURED/NOT INSURED

(1 DIFFERENCE)

Answer 3

INSURED:

• Perosnal property you own,wear, use, while at prem
• Motorized wheelchairs, scooters (more than 2 wheels) for phusical disability, remote control caddies, watercraft, otorized lawn mowers, snow blowers, etc… ON PREM

+

Dwelling improvements+betterments made by you/at your expense (if dwelling not owned)- Seasonal dwellings

NOT INSURED:

• Motorized vehicles (autos), trailers, camper units, truck caps and aircraft+ equipment
• Equipment: audio, visual, recording/transmitting equip powered by electrical system f motorized vehicle/aircraft

Question 4

Secondary and Seasonal

COVERAGE C: Personal property: Contents

special limits of insurance

Answer 4

Business property (books, tools, etc) $2000

Garden type tractors (incl attachments) $5000

Watercraft (incl furnishings, equip, etc) $1000

+

Computer software (not incl gathering/assembling info/data $ 2500 (Seasonal dwellings)

Question 5

Secondary and Seasonal:

Coverage C: Personal Property: Contents

OPTIONAL Extensions

Answer 5

• doesn’t increase amt of insurance
• Can Apply up to 10% of amt of ins to insure:
  
  1. Uninsured personal property of others while on prem
  2. Personal property (not watercraft) while away from prem (in CDA or USA)
     
     • IF TEMPORATRILY REMOVED TO LOCATION U OWN NOT INSURED WHILE IN WAREHOUSE
     • SECONDARY RES. COVERAGE ONLY (NOT SEASONAL)
  3. Additional Living expense:
  • If damage due to insured peril means cant stay at prem, insures any incfase in living exp (incl moving exp) to maintain standard of living (or if permanently relocate)
  • If civil auth prohibits access due to insured peril:
    
    • Insures ADL or FRV loss, max 2weeks

Question 6

SECONDARY AND SEASONAL

ALL COVERAGES

SPECIAL LIMITS OF INSURANCE

Answer 6

PG.33/ ??

*if loss/damage caused by burglary/robbery*:

Insured:

• Securities $1000
• Money/bullion $200
• Jewellery, watches, gems, furs $1000
• Numismatic property (i.e coin collection) $100
• Manuscripts, stamps $500
• Silverware $5000

Question 7

SECONDARY AND SEASONAL

ALL COVERAGES

EXTENSIONS OF COVERAGE

Answer 7

Pg.31/PG.42

#1-3 DO NOT INCREASE AMUNTS OF INSURANCE:

1. Debris removal
2. Property removed (to protect it, 30 days or policy end, divided proportionally)
3. Fire Department charges ($1000, no deductible)
4. Inflation protections (if specified + Increase amt of insurance)

• Applicable to Section 1 coverages
• Auto increases on renewal or anniversary date, or most recent change)

Question 8

SECONDARY AND SEASONAL

ALL COVERAGES

INSURED PERILS

Answer 8

Pg.32/43

1. Fire/lighting
2. Explosion
3. Smoke
4. Falling object
5. Impact by aircraft/Land vehicle
6. Riot
7. Burglary/robbery *See special limits of insurance*
8. Vandalism/malicious acts (with exceptions)
9. Water damage (with exceptions)
10. Windstorm/hail (with exceptions)
11. Electricity

Question 9

SECONDARY AND SEASONAL

ALL COVERAGES

Common exclusions

Answer 9

Pg.35/46

17 exclusions-Sect.1 (same as seasonal?)

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Question 10

*SECONDARY ONLY*

ALL COVERAGES

BASIS OF CLAIM PAYMENT

Answer 10

Pg.36

• Dwelling bldg+ Detached private structures:
  
  • ACV=RC- Dep’n
  • RC (lesser of cost of repairs or replacement)
    
    • Conditions:
      
      • Effected on same location w/ similar materials in reasonable time frame
      • Bldg occupancy is same
      • Payment in proportion that applicable amt of ins bears to 80% of RC , not exceeding actual cost incurred.
• Personal property (PG.37)
  
  • INSERT PIC

Question 11

*SEASONAL ONLY*

ALL COVERAGES

BASIS OF CLAIM PAYMENT

Answer 11

PG.47

Dwelling bldg+ Detached private structures + PERSONAL PROPERTY:

INSERT PIC