Shared Flashcard Set

Details

06. Section I
Property Coverage in Detail
19
Insurance
Undergraduate 1
11/28/2011

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Cards

Term
COVERAGE A
Definition
Dwelling
Term
T or F-COVERAGE A COVERS THE DWELLING DESCRIBED ON THE DECLARATIONS PAGE OF THE POLICY
Definition
True
Term
T or F-COVERAGE A COVERS A DWELLING AND AN UNATTACHED GARAGE
Definition
False
Term
T or F-COVERAGE A WOULD COVER AN ATTACHED GUEST DWELLING COMPLETE WITH A BEDROOM, BATHROOM AND A SEPARATE KITCHENETTE
Definition
True
Term
T or F- 2x4s LOCATED NEXT TO THE RESIDENCE PREMISES USED TO REPAIR THE DWELLING ARE COVERED UNDER COVERAGE A
Definition
True
Term
COVERAGE B
Definition
Other Structures
Term
T or F-DETACHED GARAGES ARE COVERED UNDER COVERAGE B
Definition
True
Term
T or F-COVERAGE B COVERS A DETACHED GARAGE RENTED OUT FOR USE AS A PRIVATE GARAGE
Definition
True
Term
T or F-A DETACHED GARAGE IS COVERED BY COVERAGE B WHEN USED FOR A BUSINESS
Definition
False
Term
T or F-COVERAGE B APPLIES WHEN USED TO STORE BUSINESS PROPERTY
Definition
True
Term
COVERAGE C
Definition
Personal Property
Term
T or F-COVERAGE WOULD APPLY IF THE INSURED BORROWS A NEIGHBOR'S LAWNMOWER AND IT IS DESTROYED BY FIRE WHILE BEING USED BY THE INSURED
Definition
True
Term
T or F-PERSONAL PROPERTY OF OTHERS WHILE IT IS LOCATED AT THE INSURED'S PREMISES CAN BE COVERED UNDER COVERAGE C IF THE INSURED REQUESTS
Definition
True
Term
T or F-ANIMALS, BIRDS, AND FISH ARE COVERED UNDER COVERAGE C
Definition
False
Term
T or F-COVERAGE C DOES NOT COVER AUTOMOBILES
Definition
True
Term
T or F-MODEL AIRPLANES ARE COVERED UNDER COVERAGE C
Definition
True
Term
T or F-A STUDENT IS RENTING A ROOM AND ALL OF THEIR PROPERTY LOCATED IN THE INSURED'S HOME BURNS IN A FIRE. THE RENTER'S PROPERTY IS COVERED UNDER COVERAGE C
Definition
False
Term
COVERAGE D
Definition
Loss of Use
Term
THIS COVERAGE IS THE SAME AS ADDITIONAL LIVING EXPENSE AND FAIR RENTAL VALUE UNDER DWELLING INSURANCE PROGRAMS
Definition
Coverage D Loss of Use
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