Chapter 9 - C12 Insurance on Property

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Terms	Definitions
What term, formerly the title used for the Cover Summary Page, is now often used as the subtitle of the Cover Summary Page?	Declarations is often subtitled.
Give five examples of objects encompassed by the term domestic water container.	1. hot water heating tanks and their piping and radiators,  2. hot-water storage tanks and associated piping,  3. water beds,  4. kettles 5. water reservoirs and dispensers
Domestic water containers are significant to what peril?	they are significant to the "sources of water damage" peril.
Other than the named insured, who is included in the definition of the term insured?	while living in the same household insured's spouse, relatives of either the insured or spouse, any person under 21 in their care.
Who may take legal action to enforce the contract?	only the insured in the coverage summary
In what instance is a student living away from home no longer covered by the named insured's policy?	the student must be dependent on the named insured (or spouse) for support and maintenance.
Define the term premises as it is used in the Homeowners Basic Form.	premises means simply the land within the lot lines on which the dwelling is situated.
Define the term residence employee.	a person who is traveling for the insured.
If unoccupancy lasts more than 30 consecutive days, is the policy coverage interrupted?	no it does not, the exclusion in the habitational forms applies only to vacancy.
Other than the dwelling itself, what other structures or objects does Coverage A-Dwelling Building cover?	covers structures attached to the house (patios) and permanently installed outdoor equipment. (fences)
Other than the insured's, what property can be covered under Part One of Coverage C?	uninsured personal property of others that might be damaged while it is on the part of the premises occupied by the insured.
In what circumstances does Part Two of Coverage C cover personal property?	personal property temporarily away from the premises.
What is personal property stored in a warehouse covered against?	it is only covered against theft.
What is the amount of insurance called that covers all items insured under Coverage C?	blanket limit.
What three types of property are excluded under Coverage C?	1. motorized vehicles and their equipment 2. camper units, truck caps, trailers or their equip. 3. aircraft or their equip.
Explain why Coverage C's Exclusion a) and Exclusion b) are necessary.	1. initially removes coverage of all kinds of motorized vehicles and then in effect restores certain types 2. excluded because auto insurance is more appropriate than property insurance.
Why were the Special Limits introduced to Coverage C?	it prevented skewing of the blanket limit by a few high valued articles.
List the eight Special Limits, found in Coverage C of the Homeowners Basic Form, that apply to loss or damage by all insured perils.	1. business property 2. securities 3. personal property used by an insured student 4. money, including cash cards or bullion 5. garden type tractors 6. watercraft 7. computer software 8. spare auto parts
Explain the term consequential loss as it pertains to the Homeowners Basic Form.	indirect loss that arises from physical loss or damage to described property.
What three coverages are combined in Coverage D?	1. additional living expense 2. fair rental value 3. prohibited access
Under the Prohibited Access in Coverage D, coverage applies when a civil authority orders the insured dwelling's occupants to move out for one of which two reasons?	1. a neighboring premises has sustained damage that poses danger to the insured premises. 2. a mass evacuation is required
What six causes of evacuation does Prohibited Access coverage exclude?	- flood - earthquake - war risks - terrorism - nuclear incident - radioactive contamination
Describe the effect of the Automatic Reinstatement clause on the extension for Property Removed.	if the amount of insurance is reinstated after a loss, the amount available under the Property Removed extension will still be the full amount of insurance for each item.
When the insured moves to a new primary residence, how long will the Moving to Another Home extension cover property in transit and situated at the new residence?	extension applies for not more than 30 consecutive days.
Describe a situation in which the Change of Temperature extension would apply.	thieves break a window in a sun room. cold winter air enters the room and kills rare tropical plants. damage to window is director loss. plants is an indirect loss.
What are four limitations on the protection provided by the Credit or Debit Cards, Forgery and Counterfeit Money extension?	1. cards must be in insured's name 2. no coverage for liability arising from cards issued to insured's employer or business 3. insured's failure to notify the issuer of a card that it has been lost or stolen 4. the insured must have compiled with all conditions of the card agreement.