Name the 4 exceptions that are not eligible for a dwelling policy
A home that is of high risk
Dwelling at any stage of construction can be _ or __.
A dwelling can not have more than __ boarders
Mobile homes are eligible on a dwelling policy, but need a and __
A dwelling policy is NOT for _____ property
A small business is allowed on property for a dwelling policy but can not have more than __ people working.
Coverage for a dwelling policy is available on private _________.
What are the 3 coverage forms available?
fire, lighting, removal, explosion
Losses are covered on replacement cost basis. Only if the insured maintains coverage equal to 80% of the replacement cost.
The special form insures:
Everything is covered, unless excluded. This is made possible by and open peril form
What is excluded on a special form?
-Animals, insects, birds and vermin
-Theft of property not part of the building. Or while under construction
-Acts/decisions/failure to act
What's the difference between special and broad?
Special includes coverage for:
-theft of part of the dwelling
-accidental discharge/overflow of water
-falling objects (fence)
If the building is vacant more than ___ days then V&MM is NOT covered.
Other additional coverage's in broad and special forms include:
Lawns, trees, shrubs and plants
Breakage of glass
Lawns, trees, shrubs and plants- Coverage up to $_____