Study sets matching "term:section d = loss of use covers losses incurred as a result of your home being uninhabitable"

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Study sets matching "term:section d = loss of use covers losses incurred as a result of your home being uninhabitable"

22 terms
Risk and Insurance Ch. 13
declarations page
residence premises
special limit of liability
loss of use
part of a policy that identifies the specific that are unique…
the home being insured
situation in which dollar limits are placed on some property…
coverage that protects a policymaker from losses sustained if…
declarations page
part of a policy that identifies the specific that are unique…
residence premises
the home being insured
FHCE Final
governor of iowa
Secretary of Ag and former governor of…
Liability Insurance
peril
terry bransted
Tom Vilsack
Protects financial consequences from the responsibility for p…
cause of a loss
governor of iowa
terry bransted
Secretary of Ag and former governor of…
Tom Vilsack
25 terms
Property & Liability Insurance
property Insurance
liability insurance
peril
negligence
coverage that protects real and personal property from catast…
protects against financial consequences from the insured's re…
the cause of a loss (i.e. tornado, fire)
failure to act in a reasonable manner or to take necessary st…
property Insurance
coverage that protects real and personal property from catast…
liability insurance
protects against financial consequences from the insured's re…
83 terms
FHCE 2100 Test 4
property insurance
liability insurance
peril
deductibles
insurance coverage that protects real and personal property f…
insurance that protects against the financial consequences fr…
the cause of a "loss"... -ex: tornado, fire, negligence
these limit what a company must pay for small losses
property insurance
insurance coverage that protects real and personal property f…
liability insurance
insurance that protects against the financial consequences fr…
129 terms
FHCE 2100 Final
liability insurance
comprehensive insurance
peril
deductible
- coverage that protects real and personal property from cata…
- protects against the financial consequences from the insure…
- the cause of a "loss"... - tornado, fire, negligence
- limi what a company must pay for small losses
liability insurance
- coverage that protects real and personal property from cata…
comprehensive insurance
- protects against the financial consequences from the insure…
FHCE 2100 Final Issue 5 Property and Liability Insurance
Property Insurance
Liability Insurance
Peril
Negligence
Coverage that protects real and personal property from catast…
Protects against the financial consequences from the insured'…
The cause of a loss such as tornado, fire, and negligence
Failure to act in a reasonable manner or to take necessary st…
Property Insurance
Coverage that protects real and personal property from catast…
Liability Insurance
Protects against the financial consequences from the insured'…
FHCE Final
Property insurance
Liability insurance
Peril
Negligence
coverage that protects real and personal property from catast…
protects against the financial consequences from the insured'…
the cause of a "loss"... ex: tornado, fire, negligence
failure to act in a reasonable manner or to take necessary st…
Property insurance
coverage that protects real and personal property from catast…
Liability insurance
protects against the financial consequences from the insured'…
Chapter 5
HO-2
HO-3
HO-4
HO-5
insures the described dwelling, private structures in connect…
insures the described owner-occupied dwelling, private struct…
insures a tenant for direct damage to unscheduled personal pr…
insures the described owner-occupied dwelling, other structur…
HO-2
insures the described dwelling, private structures in connect…
HO-3
insures the described owner-occupied dwelling, private struct…
44 terms
FHCE, final PROPERTY AND LIABILITY INSURANCE
What is property insurance?
What is liability insurance?
______: the cause of a "loss"... ex: torn…
______ limit what a company must pay f…
the coverage that protects real and personal property from ca…
protects against the financial consequences from the insured'…
Peril
Deductibles
What is property insurance?
the coverage that protects real and personal property from ca…
What is liability insurance?
protects against the financial consequences from the insured'…
Chapter 5-Homeowners and Dwelling Policies
Insuring Agreement
Intentional Water
Landlord
Liability
the provision in a contract that contains the insurance compa…
Friendly water invited into building such as water found in p…
the owner of a house, apartment, condominium, land or real es…
to have responsibility for damage caused to another person or…
Insuring Agreement
the provision in a contract that contains the insurance compa…
Intentional Water
Friendly water invited into building such as water found in p…
165 terms
FHCE Test 4
Homeowners Insurance
HO1
HO2
HO3
covers multiple perils(fire, theft, storms, faulty household…
basic form of home owners insurance; most limited; $15,000 mi…
Broad form of homeowners insurance; covers name perils like w…
Special form; covers all direct physical losses to your home;…
Homeowners Insurance
covers multiple perils(fire, theft, storms, faulty household…
HO1
basic form of home owners insurance; most limited; $15,000 mi…
15 terms
Unit 4: Homeowner's and Renter's Insurance
Actual Cash Value
Attractive Nuisance
Depreciation
Endorsement
Coverage that compensates loss at current cash value consider…
Anything on your property that might attract children into da…
The reduction in the value of property as it gets older.
An amendment to an individual policy that reflects an changes…
Actual Cash Value
Coverage that compensates loss at current cash value consider…
Attractive Nuisance
Anything on your property that might attract children into da…
30 terms
Ch. 16 H.O. Insurance Section I
H.O. 3
H.O. 4
H.O. 6
Mortgage clause
special form, most common, most comprehensive
contents broad from=renters
unit-owners form= condo owners
-protects mortgagee's insurable interest, namely the bank or…
H.O. 3
special form, most common, most comprehensive
H.O. 4
contents broad from=renters
PNC Section 3B Home Owners Policy
HO 2 parts... covers renters, condominium…
Section I property coverage... *extension…
HO personal property not covered: Anim…
HO1 (basic form)
Section I Covers property and ... Section II covers liability
Extension includes:1. Derbies removal if removal cost more th…
...
...
HO 2 parts... covers renters, condominium…
Section I Covers property and ... Section II covers liability
Section I property coverage... *extension…
Extension includes:1. Derbies removal if removal cost more th…
Personal Finance Chapter 6 Vocab
Automobile Insurance
Benficiary
Disability Insurance
Health Insurance
Insurance that protects a car owner from losses as a result o…
The person designated to receive money from a life insurance…
Insurance that provides income to replace a portion of normal…
A plan for sharing the risk of medical costs
Automobile Insurance
Insurance that protects a car owner from losses as a result o…
Benficiary
The person designated to receive money from a life insurance…
13 terms
Objective 4.02 - Types of Insurance - Home Owners
Earth Movement
Fire Insurance
Homeowners Insurance
Neglect
includes earthquakes, landslides, mudslides etc.
Coverage for losses to insured property resulting from fire o…
is designed to protect the physical assets owned, leased, ren…
if the insured fails to use reasonable means to protect the i…
Earth Movement
includes earthquakes, landslides, mudslides etc.
Fire Insurance
Coverage for losses to insured property resulting from fire o…
14 terms
CPCU 553: Chp 5 - Homeowners Insurance: Section I of the HO-3
Peril
Named Perils Coverage
Special Form Coverage
Functional Replacement Cost
the agent that causes an asset's reduction in value
covers those causes of loss that are specifically listed in t…
covers any direct physical loss to property unless that loss…
modifies the loss settlement provision on buildings to pay fo…
Peril
the agent that causes an asset's reduction in value
Named Perils Coverage
covers those causes of loss that are specifically listed in t…
47 terms
property exam review test 1
Agent Ma'Chelle is under contract with…
All of the following must be included…
Each of the following kinds of propert…
Each of the following business occupan…
Exclusive/captive
value reporting form
account records and evidences of debt
...
Agent Ma'Chelle is under contract with…
Exclusive/captive
All of the following must be included…
value reporting form
79 terms
CPCU 553
Base premium is influenced by
Special Limit of Liability for: Cash
Special Limit of Liability for: Loss b…
Special Limit of Liability for: Loss b…
dwelling location, public protection class, construction fact…
$200
$2500
$2500
Base premium is influenced by
dwelling location, public protection class, construction fact…
Special Limit of Liability for: Cash
$200
RMI CH 16 & 17
HO-3 policy
Property coverages... Liability coverages
Named insured and spouse... resident rela…
Coverage A
most common and most comprehensive homeowners form.
What are the two sections of the HO-3 policy?
Who is considered "insured" under the HO-3 policy?
What coverage handles Dwelling?
HO-3 policy
most common and most comprehensive homeowners form.
Property coverages... Liability coverages
What are the two sections of the HO-3 policy?
31 terms
Chapter 4
3 levels of homeowner's coverage
Homeowners insurance as a contract mus…
Coinsurance
Cost to replace/rebuild
1. Comprehensive (building and contents)... 2. Broad (building a…
1. An agreement between legally competent parties... 2. The amou…
The requirement that the property be insured for a minimum am…
Spells out how much the insurer is obligated to pay should th…
3 levels of homeowner's coverage
1. Comprehensive (building and contents)... 2. Broad (building a…
Homeowners insurance as a contract mus…
1. An agreement between legally competent parties... 2. The amou…
25 terms
FHCE 2100 chapter property and liability insurance
property insurance
liability insurance
peril
DEDUCTIBLES
coverage that protects real and personal property from catast…
protects against the financial consequences from the insured'…
the cause of a "loss"... tornado... fire... negligence
limit what a company must pay for small losses
property insurance
coverage that protects real and personal property from catast…
liability insurance
protects against the financial consequences from the insured'…
34 terms
Homeowners Insurance
What are the 2 sections of the homeown…
Homeowners Policy
HO2
HO3
Section 1 Property, Section 2 Liability and Medical Payment
A multi line policy that provides property and liability insu…
Broad form, extends coverage of perils
Special form, peril coverage for dwellings and other structures
What are the 2 sections of the homeown…
Section 1 Property, Section 2 Liability and Medical Payment
Homeowners Policy
A multi line policy that provides property and liability insu…
35 terms
Insurance Chapter 20
Six available ISO forms
HO2
HO3
HO4
- HO-2 (broad form)... - HO-3 (special form)... - HO-4 (content bro…
(broad form) (named perils policy) insures the dwelling, othe…
(special form) insures dwelling and other structures against…
(contents broad form) designed for tenants who rent apartment…
Six available ISO forms
- HO-2 (broad form)... - HO-3 (special form)... - HO-4 (content bro…
HO2
(broad form) (named perils policy) insures the dwelling, othe…
27 terms
CFP-Module 9-Property and Liability Insurance(chapter 2)
ISO
ISO homeowners Policy forms
Homeowners FORM
Homeowner's policies sections
Insurance Services Office (ISO)
Six Forms
homerowner's policy (it is any of the currently issued forms…
Section 1 Covers property losses, Section 11 covers liability…
ISO
Insurance Services Office (ISO)
ISO homeowners Policy forms
Six Forms
117 terms
FHCE 2100 Final
Property Insurance
Liability Insurance
Peril
Deductibles
coverage that protects real and personal property from catast…
protects against the financial consequences from the insured'…
the cause of a "loss"... ~Tornado... ~Fire ... ~Negligence: Failure to…
Limit what a company must pay for small losses... ~~~amounts pol…
Property Insurance
coverage that protects real and personal property from catast…
Liability Insurance
protects against the financial consequences from the insured'…
Chapter 14
claim
controllable risk
counterfeiting
economic risk
policyholders request for a payment for a loss that the insur…
can be reduced or eliminated by actions you take
illegal uses of intellectual property, patents, trade marks,…
result in financial loss
claim
policyholders request for a payment for a loss that the insur…
controllable risk
can be reduced or eliminated by actions you take
Econ ch. 6 - Layne
Insurer
premium
replacement cost
policyholder
the company or agency that writes an insurance policy
payment made by the insured to the insurer
what it would cost to replace a piece of property, or rebuild…
the owner of an insurance policy
Insurer
the company or agency that writes an insurance policy
premium
payment made by the insured to the insurer
113 terms
Bus Math Sem 2 Vocab Review
Homeowners insurance
Dwelling
Other structures
Personal property
Policy that covers your home and property, and protects again…
basic insurance covering the home in which you live
basic insurance covering other buildings on your property, su…
insurance coverage for your belongings inside the home, such…
Homeowners insurance
Policy that covers your home and property, and protects again…
Dwelling
basic insurance covering the home in which you live
Chapter 14 Risk Management
risk
economic risk
personal risk
property risk
the possibility of incurring a loss
can result in financial loss
loss in personal things such as health and well being
can lead to loss of personal or business property including m…
risk
the possibility of incurring a loss
economic risk
can result in financial loss
intro to biz ch 14 vocab
Insurer
Controllable risk
counterfeiting
premium
agrees to take on certain economic risks and to pay for losse…
those that can be reduced or eliminated by actions you take
illegal uses of intellectual property, patents, trademarks an…
the amount the policyholder must pay for insurance coverage
Insurer
agrees to take on certain economic risks and to pay for losse…
Controllable risk
those that can be reduced or eliminated by actions you take
Chapter 20: Homeowners Insurance Section I
HO 2 (broad form)
HO 3 (special form)
HO 4 (contents broad form)
HO 5 (comprehensive form)
covers the dwelling, other structures, and personal property…
covers the dwelling and other structures on a risk of direct…
covers a tenants personal property on a named perils basis
provides open perils coverage "all risks coverage" on the dwe…
HO 2 (broad form)
covers the dwelling, other structures, and personal property…
HO 3 (special form)
covers the dwelling and other structures on a risk of direct…
16 terms
Chapter 14 terms: Business Fundamentals
risk
econimic risk
personal risk
property risk
the possibility of incurring a loss
result in a financial loss
result in personal losses such as health and personal well-be…
can lead to a loss of personal or business property including…
risk
the possibility of incurring a loss
econimic risk
result in a financial loss
16 terms
Intro to Business Ch. 14 Vocab
risk
economic risk
personal risk
property risk
the possibility of incurring a loss
can result in financial loss
can result in personal losses such as health and personal wel…
can lead to loss of personal or business property including m…
risk
the possibility of incurring a loss
economic risk
can result in financial loss
Pbmf Chapter 14
risk
economic risk
personal risk
property risk
the possibility of incurring a loss
can result in financial loss
can result in personal losses such as health and personal wel…
can lead to loss of personal or business property including m…
risk
the possibility of incurring a loss
economic risk
can result in financial loss
Business chapter 14
Risk
Economic risk
Personal risk
Property risk
The possibility of incurring a loss
can result in financial loss
can result in personal losses such as health and personal wel…
can lead to loss of personal or business property including m…
Risk
The possibility of incurring a loss
Economic risk
can result in financial loss
chapter 14 vocab
risk
economic risk
personal risk
property risk
the possibility of incurring a loss
can result in financial loss
can result in personal losses such as health and well-being
can lead to loss of personal or business property including m…
risk
the possibility of incurring a loss
economic risk
can result in financial loss
16 terms
Chapter 14 vocab
Risk
economic risk
personal risk
property risk
the possibility of incurring a loss
can result in financial loss
can result in personal losses such as health and personal wel…
can lead to loss of personal or business property including m…
Risk
the possibility of incurring a loss
economic risk
can result in financial loss
Chapter 14 PBMF
Risk
Economic Risk
Personal Risk
Property Risk
The possibility of incurring a loss
Can result in financial loss
Can result in personal losses such as health and personal wel…
Can lead to loss of personal or business property including m…
Risk
The possibility of incurring a loss
Economic Risk
Can result in financial loss
Lesson 5 part 2: Homeowners
HO-2
H0-3
HO-4
HO-5
Covers named perils for buildings and personal property.
Open perils for buildings (dwelling and other structure) and…
Provides personal property insurance for tenants who do not o…
Provides open perils coverage for the dwelling, other structu…
HO-2
Covers named perils for buildings and personal property.
H0-3
Open perils for buildings (dwelling and other structure) and…
23 terms
Personal Finance: Personal Risk Management
Automobile insurance
beneficiary
disability insurance
health insurance
insurance that protects a car owner from losses as a result o…
person designated to receive money from a life insurance policy
insurance that provides income to replace a portion of normal…
a plan for sharing the risk of medical costs
Automobile insurance
insurance that protects a car owner from losses as a result o…
beneficiary
person designated to receive money from a life insurance policy
Home Insurance
A home can be:
Homeowners Insurance
Items that are excluded or limited on…
Renters Insurance is relatively ______…
a condominium, apartment, house, or mobile home
A binding, legal contract between the insured and the insurer…
The insurer can opt to purchase an endorsement that covers un…
inexpensive
A home can be:
a condominium, apartment, house, or mobile home
Homeowners Insurance
A binding, legal contract between the insured and the insurer…
127 terms
FHCE 2100 - Final
HOME AND AUTO INSURANCE
property insurance protects ____ and _…
liability insurance protects against...
cause of a loss is called a ____ and i…
HOME AND AUTO INSURANCE
personal and real
financial consequences from insured's responsibility for prop…
peril; tornado, fire, negligence
HOME AND AUTO INSURANCE
HOME AND AUTO INSURANCE
property insurance protects ____ and _…
personal and real
15 terms
chapter 14 overview of risk managment
risk
economic risk
personal risk
property risk
the possibility of incurring a loss that has a lasting effect
a risk that results in financial loss
a risk that results in personal losses such as health and per…
loss of personal or business property including money, vehicl…
risk
the possibility of incurring a loss that has a lasting effect
economic risk
a risk that results in financial loss
Intro to Business Chapter 14 terms
Claim
Controllable Risk
Counterfeiting
Economic Risk
A policyholder's request for payment for a loss that the insu…
Can be reduced or eliminated by actions you take
Refers to illegal uses of intellectual property, patents, tra…
Can result in financial loss
Claim
A policyholder's request for payment for a loss that the insu…
Controllable Risk
Can be reduced or eliminated by actions you take
Chapter 14
Risk
Economic Risk
Personal Risk
Property Risk
Possibility of incurring a loss
Can result in financial loss
Can result in personal losses such as health and personal wel…
Can lead to loss of personal or business property including m…
Risk
Possibility of incurring a loss
Economic Risk
Can result in financial loss
Business 14
Risk
Economic Risk
Personal Risk
Property Risk
the possibility of incurring a loss
can result in financial loss
can result in personal losses such as health and personal wel…
can lead to loss of personal or business property including m…
Risk
the possibility of incurring a loss
Economic Risk
can result in financial loss
16 terms
Ch 14 vocab
risk
economic risk
personal risk
property risk
the possibility of incurring a loss
can result in financial loss
can result in personal losses such as health and personal wel…
can lead to loss of personal or business property including m…
risk
the possibility of incurring a loss
economic risk
can result in financial loss
intro chapter 14 vocab
risk
economic risk
personal risk
property risk
the possibility of incurring a loss
can result in a financial loss
can result in personal losses such as health and personal wel…
can lead to a loss of personal or business property including…
risk
the possibility of incurring a loss
economic risk
can result in a financial loss
Personal Finance - Chapter 10: Property and Liability Insurance
Property insurance
Peril
Homeowners insurance
Renters insurance
Allows individuals to pool the financial risks associated wit…
An event or happening, whether natural or man made, that caus…
Covers people who own a home
Covers people who rent a place and generally covers property…
Property insurance
Allows individuals to pool the financial risks associated wit…
Peril
An event or happening, whether natural or man made, that caus…
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