Term
| THE DP-1 BASIC FORM PROVIDES COVERAGE FOR DIRECT PHYSICAL LOSS CAUSED BY: (3) |
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Definition
1) Fire-hostile, not friendly. Only direct damage caused by fire including smoke.
2) Lightning
3) Internal Explosion-furnace, stove, water heater, etc. |
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Term
| WHAT EXPLOSIONS ARE SPECIFICALLY EXCLUDED UNDER DP-1 INTERNAL EXPLOSION PERIL? (4) |
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Definition
1) Bursting water pipes
2) Electrical arcing
3) Steam boilers or pipes
4) pressure relief devices |
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Term
| THE DP-2 BROAD FORM PROVIDES COVERAGE FOR DIRECT PHYSICAL LOSS CAUSED BY: |
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Definition
WC shavver + EC perils & V&MM
(Recite acronyms again) |
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Term
| WHAT ARE THE 2 DIFFERENCES BETWEEN THE INTERNAL EXPLOSION AND THE EXPLOSION PERILS? |
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Definition
| Explosion peril includes steam boilers and pipes and explosion peril also does not have to occur inside the structure. |
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Term
| WHAT ARE EXCLUDED FROM WINDSTORM COVERAGE IF LOCATED OUTSIDE OF THE DWELLING? (5) |
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Definition
1) Awnings
2) Signs
3) Antennas
4) Rowboats
5) Canoes |
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Term
| WHAT PERILS ARE NOT COVERED UNDER VOLCANIC ERUPTION? (3) |
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Definition
1) Earthquake
2) Land shock waves
3) Tremors |
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Term
| IN ORDER FOR COVERAGE FOR FREEZING TO BE PROVIDED, INSURED HAS TO USE REASONABLE CARE TO BE SURE: (2) |
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Definition
1) Heat has been maintained in the building
OR
2) The water supply has been shut off and the system drained. |
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Term
| THE ELECTRICAL DAMAGE PERIL DOES NOT COVER: (3) |
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Definition
1) Tubes
2) Transistors
3) Similar electrical components |
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Term
| COLLAPSE CAN BE DEFINED AS: |
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Definition
| Abrupt falling down or caving in. |
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Term
| COLLAPSE DOES NOT INCLUDE: (5) |
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Definition
1) Settling
2) Cracking
3) Shrinking
4) Bulging
5) Expansion of a building |
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Term
| WHAT DOES "OPEN PERILS" MEAN? |
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Definition
| The form will cover all property direct losses except the exclusions. |
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Term
| WHAT IS EXCLUDED FROM OPEN PERILS? (10) |
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Definition
1) General exclusions
2) Gradual and expected losses
3) Settling, cracking, shrinking, bulging, or expansion
4) Loss caused by birds, vermin, rodents, insects, or pets
5) Damage done to antennas, lawns, plants
6) Damage done to outside (awnings, fences, etc.)
7)Theft of property not actually part of the insured dwelling
8) V &MM if the dwelling has been vacant for more than 60 consecutive days
9) Any loss involving collapse
10) Pollutants |
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