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Terms in this set (17)
What are the advantages of buying a multiple-line policy or "package policy"?
More complete coverage
Common expiration date
Lower cost than buying coverage seperately
The HO-4 is for...
The HO-8 is for...
What does section I of the HO policies cover?
what does section II of the HO policies cover?
personal liability and medical payments to other
Coverage A covers...
Coverage B covers...
Coverage C covers...
Coverage D covers..
Loss of use
Coverages ___ and ___ are all risk
A and B
Coverage __ is named perils
What are the three cases coverage D applies (loss of use)
If an insured peril damages the home and it can't be used
Lost rent if a tenant can't use the rented area
Under coverage A and B, the insured receives the greater of...
ACV and coinsurance
Under coverage C, losses are settled on an...
Section 1 conditions:
Duties after a loss
"no suit" clause
Pair or set clause
Section I and II conditions
Section I Exclusions:
Earthquake, subsidence, and sinkholes
War, nuclear, neglect, intentional loss
Floods, waves tides, surface water, water backing up through a drain or sewer
Power failure off the premises
"Concurrent causation" cases
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