Term
| LIMIT OF LIABILITY UNDER THE HOMEOWNER POLICY FOR SECTION II |
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Definition
| The company's limit of liability for any one occurrence will not be more than the Coverage E limit |
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Term
| SEVERABILITY OF INSURANCE UNDER THE HOMEOWNER POLICY FOR SECTION II |
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Definition
| The insurance applies separately to each insured. |
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Term
| T or F-EACH INSURED UNDER THE HOMEOWNER POLICY FOR SECTION II IS ENTITLED TO THE FULL COVERAGE E LIABILITY LIMIT FOR ONE COVERED CLAIM |
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Definition
| False-The maximum that can be paid on behalf of all insureds for one covered claim cannot exceed the coverage E liability limit |
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Term
| DUTIES AFTER AN OCCURRENCE CLAUSE UNDER THE HOMEOWNER POLICY FOR SECTION II |
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Definition
| This clause spells out the duties of the insured if there is a claim. ex. reporting of the claim in a timely fashion |
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Term
| DUTIES OF AN INJURED PERSON UNDER THE HOMEOWNER POLICY FOR SECTION II |
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Definition
1) Give the company written proof of claim
2) Authorize the company to obtain copies of medical records
3) Submit to a physical exam |
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Term
| T or F-AN INSURED ADMITS LIABILITY IF INSURER PAYS A MEDICAL CLAIM |
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Definition
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Term
| T or F-BANKRUPTCY OF AN INSURED WILL NOT RELIEVE THE INSURER OF THEIR OBLIGATION UNDER THE HOMEOWNER POLICY FOR SECTION II |
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Definition
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Term
| UNDER THE HOMEOWNER POLICY FOR SECTION II, THE POLICY APPLIES ONLY TO _____ OR _____ WHICH OCCURS DURING THE POLICY PERIOD |
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Definition
| Bodily injury or property damage |
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