DP1 DWELLING PROPERTY Flashcards Preview

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Flashcards in DP1 DWELLING PROPERTY Deck (12):
1

Settlement Option-ACV

IF "OTHER INSURANCE" exists, policy pays on a "Pro Rata" basis.

2

Coverage A - DWELLING

Including permanently installed building equipment and outdoor equipment to service property.

3

Coverage B - OTHER STRUCTURES

(Detached) - Excluding commercial use, (Owner may store commercial Equipment owned)

4

Coverage C - PERSONAL PROPERTY

Belonging to insured, family members, guest or servant, no coverage for roomers boarders and other tenants.

5

coverage D - FAIR RENTAL VALUE

Rental monies wich insured is entitled due to covered loss until property is restored.

6

Coverage E - IS NOT AUTOMATIC

May be selected if desired - Additional coverage and automatic under DP-2 & 3

7

Named Perils

FIRE, LIGHTNING, PLUS INTERNAL EXPLOTION (REFERRED TO AS FIRE).
Add Florida Mandatory Endorsment : CATASTROPHIC GROUND COVER COLLAPSE CGCC

8

May Prchased

1) Extended coverage- WHARVES (Suspends glass & crime when Bldg is vacant for 60 days) AND
2) Vandalism or Malicious Mischief - VMM (Only if EC is purchased)

9

May Purchased

1) Extended coverage- WHARVES (Suspends glass & crime when Bldg is vacant for 60 days) AND
2) Vandalism or Malicious Mischief - VMM (Only if EC is purchased)

10

Extended Coverage - WHARVES

WINDSTORM: Excluding awnings, antennas,signs and boats, interior damage w/o exterior damage.
HAIL (granizo), AIRCRAFT (aeronave), RIOT or Civil commotion, VEHICLES, EXPLOSION (except steam pipe or steam boiler) SMOKE (sudden acidental smoke, excluding fireplaces & ind. operations)

11

Exclusions - WOPER

WATER damage by flood, back up of sewers, underground seepage, ORDINANCE or laws where enforcement causes increases in constrution cost- POWER interruption damage if power source is away from premises, EARTH movement other than CGCC, REBELLION, Revolution, insurrection,war, government action.

12

EXCLUSIONES - WOPER

AGUA daño por inundación, copia de seguridad de alcantarillas, filtración subterránea, ORDENANZA o leyes donde la aplicación causa aumentos en el costo de construcción- POTENCIA interrupción de daños si la fuente de energía está fuera de las instalaciones, movimiento de tierra que no sea CGCC, REBELIÓN, revolución, insurrección, guerra, gobierno acción.