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8 Cards in this Set
- Front
- Back
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HO-4 contents broad form tenant broad form |
written for tenant who resides in a rented dwelling but not on dwelling itself |
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HO5 comprehensive form open peril |
covers dwelling and other structures does not cover landlord furnishings, limited to $2500, named peril basis |
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HO6- condo unit owners |
includes parts of the building, alterations and appliances and improvements not covered: land anything for business use structures used to store businesss property covers living expenses, fair rental value, civil authority prohibitions |
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HO8 modified coverage form-older homes used for when replacement cost is not practical when market value is lower than replacement cost |
theft coverage worldwide coverage debris removal trees and plants property of guests glass |
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additional coverage under HO policies |
debris removal reasonable repairs fire dpt. service charge property removed forgery or countfeit money collapse personal property coverage is mandatory in all HO forms. all HO policies have loss of use coverage- coverage D and E |
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Commercial lines commercial property |
conditions: cant commit fraud no negligence allowed one insurance plan only no unethical legal action follow policy guidelines |
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building and personal property coverage form |
insured selects amount needed building coverage: outside stuff businsess PP coverage: insures property and needed improvements personal property: prop. at premises inclusions: electronic data, debris and pollutant removal, preservation of property exclusions: animals, bridges etc, foundations, land, airborne or waterborne prop, underground pipes and drains, crops, fences, plants |
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commercial property coverage extensions covered if 80% coverage on property |
newly aquired building coverage for 30 days personal effects of property of others up to $2500 valuable papers and records property off premises-upto $10k outdoor property-up to $1k nonowned detached trailers |
