Basic Coverages: A Dwelling Building B C la D E F Whether you are covered for...
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Basic Coverages: A Dwelling Building B C la D E F Whether you are covered for the peril (if it is a liability claim, you need to consider whether or not you are liable, and then determine if you are covered); If you are covered, which section of the policy is most likely to provide coverage; if you are not covered, why you are not covered? How much coverage you have (note any special limits that apply and whether the deductible applies). G Detached Private Structures Personal Property Additional Living Expense Legal Liability Voluntary Medical Payments Voluntary Payment for Damage to Property Scheduled Articles Endorsement: Jewelry Furs Fine Art Endorsement 500,000 50,000 (10% of Dwelling Coverage) 300,000 (60% of Dwelling Coverage) 100,000 (20% of Dwelling Coverage) 2,000,000 500 250 25,000 15,000 50,000 1) Your house is totally destroyed by a tornado and your valuable Doberman pinscher attack dog was killed in the tornado. You and your family must live in temporary housing (hotel) for 2 months. 2) Thieves burgle your home, taking jewellery, money, your DVD player, TV, stereo and $3,500 mountain bike. They also take your coin collection and destroy two pieces of valuable art. 3) The homeowner's dog bites a child and $5,000 of medical expenses are needed. 4) A garden shed is blown away by a tornado. The cost is $4,000 to replace. 5) A social guest trips over a tricycle, smashes her head, and obtains a judgment of $75,000. Basic Coverages: A Dwelling Building B C la D E F Whether you are covered for the peril (if it is a liability claim, you need to consider whether or not you are liable, and then determine if you are covered); If you are covered, which section of the policy is most likely to provide coverage; if you are not covered, why you are not covered? How much coverage you have (note any special limits that apply and whether the deductible applies). G Detached Private Structures Personal Property Additional Living Expense Legal Liability Voluntary Medical Payments Voluntary Payment for Damage to Property Scheduled Articles Endorsement: Jewelry Furs Fine Art Endorsement 500,000 50,000 (10% of Dwelling Coverage) 300,000 (60% of Dwelling Coverage) 100,000 (20% of Dwelling Coverage) 2,000,000 500 250 25,000 15,000 50,000 1) Your house is totally destroyed by a tornado and your valuable Doberman pinscher attack dog was killed in the tornado. You and your family must live in temporary housing (hotel) for 2 months. 2) Thieves burgle your home, taking jewellery, money, your DVD player, TV, stereo and $3,500 mountain bike. They also take your coin collection and destroy two pieces of valuable art. 3) The homeowner's dog bites a child and $5,000 of medical expenses are needed. 4) A garden shed is blown away by a tornado. The cost is $4,000 to replace. 5) A social guest trips over a tricycle, smashes her head, and obtains a judgment of $75,000.
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Insurance Policy Coverage Basics As an AI language model I dont have access to your specific insurance policy details However in general here are some things to consider regarding your questions Cover... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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