You are an insurance agent (with ABC Insurance Brokers Ltd) who has a client (Mrs. Janice Jones) that will be visiting your office today to discuss her buying a new homeowner insurance policy. She needs your advice in an email before 1:00 pm today. You will need to carbon copy (cc:) your immediate supervisor (the instructor) on the email. You can send everything through the dropbox.

Mrs. Janice Jones just bought (on March 15, 2022) a lakeside log cabin (1000 sq ft), 10 hours drive away (outside of Fort McMurray), and wants to add it to her policy as a seasonal cottage. The cabin is on 100 acres and has an old pole barn ($50,000) as the garage, detached. She stores her 2021 Porsche on the garage. The cabin is $400,000 to rebuild with new logs. She has $150,000 in contents at the cottage. She has a motorboat at the cabin with twin 250 hp engines. The boat is worth $30,000 and the engines are worth $25,000 each. Janice stores some of her expensive works of Fine Art at the cabin worth approximately $50,000. The cabin has electricity, running water and a sewer system. She heats the home through a wood burning fireplace and has a wood burning stove. She does not have an alarm on the cabin, nobody around for 100 miles, and only uses the cabin during the months of July and August. It is a nice peaceful cabin in the middle of nowhere.

Identify and describe the coverage and underwriting concerns associated with this seasonal dwelling, the coverage that is available to purchase through Wawanesa, and the limitations of coverage (what can she not buy through Wawanesa) associated with this seasonal dwelling. Describe all the coverage that you will be able to provide and describe what will not be insured under the homeowners insurance. Be specific.

Send Mrs Janice Jones a detailed email explaining all of the issues associated with her new cabin and recommend the insurance she needs to be well protected. Provide her with all the insurance options that are available for this situation. Also, you are allowed to ask Mrs. Jones more questions, if needed. You are allowed to use the Wawanesa Home Owners policy document to support your recommendations.

Answer rating: 100% (QA)

Subject Homeowner Insurance Policy for your Lakeside Log Cabin Important Information and Recommendations Dear Mrs Janice Jones I hope this email finds you well I am writing to provide you with detaile... View the full answer