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Terms in this set (17)
HO Section II policy provides two coverages. What are they?
Coverage E - personal liability
Coverage F - medical payment to others
How much does coverage E provide up to per occurence?
What does the coverage E liability limit apply to?
Bodily injury and property damage liability
damage that could take place over time
How much does coverage F provide up to per person for medical payments to others?
What type of coverage is intended to encourage the insured to get medical attention for someone injured by the insured's negligence or at an insured location?
By coverage medical expenses under coverage F, the insurer hopes to minimize potentially larger payments under coverage ___.
Is legal defense costs included in addition to the policy limit for coverage E?
Which coverage requires proof or admission of legal responsibility for the insurer to pay on the insured's behalf?
Important coverage E exclusions?
Property owned by the insured
Property in the insured's care
Workers compensation liability
Bodily injury to an insured
Important coverage F exclusions
Residence employee off-site
workers comp (medical benefits)
regular residents of the home
Important Section II (E and F) exclusions:
Motor vehicle/watercraft/aircraft liability
professional liability (E & O)
Endorsements to HO policies?
Personal injury (defamation)
How much is adequate coverage for an HO policy?
at least 80% of homes replacement cost
catastrophic liability coverage providing coverage over and above underlying policies.
personal umbrella policy
some personal injuries
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