640 Class 15_Bryan

640 Class 15_Bryan - HOMEOWNERS INSURACE PART 1 PROPERTY...

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HOMEOWNERS INSURACE PART 1 PROPERTY
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OVERVIEW OF HOMEOWNERS 2 parts to the contract Property Liability Basic coverage plus numerous endorsements Perils Insured Against Forms 1, 2 and 3 vary in the number or perils covered- 3 is most extensive Form 4 is for renters Form 6 is for condominium owners
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Declarations Coverages and Limits Dwelling- Amount on insurance to replace the home (not including any cost for the land) Personal Property (usually at 50% to 75% of the house amount) Loss of use (usually at 10% to 20% of the house amount to rent temporary living quarters) List of other coverages and endorsements List of rating variables such as protection class Deductibles Flat Percentage Special deductibles such as earthquake Policy period Named insured and residence premises Mortgagee
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Segments of Section I Agreement Definitions Property Coverages Perils Insured Against Exclusions Conditions
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This note was uploaded on 07/17/2008 for the course BUSFIN 640 taught by Professor Krempley during the Winter '08 term at Ohio State.

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640 Class 15_Bryan - HOMEOWNERS INSURACE PART 1 PROPERTY...

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