Outdoor Trees, shrubs, plants & lawns are covered up to:

5% of the Dwelling Building Limit

With regards to adding SBU or EWC to a policy, we must

Confirm that no water damage losses have occurred within the last 3 years

On the comprehensive form, GRC is an included coverage enhancement that applies to:

Coverage A - Dwelling Building only

On the Comp Condo Policy, the single amount of insurance covers:

Sum of Unit Improvemnt & Bettermnts, Loss assessmt & Unit Addtnl Protection

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Test your Property Insurance Knowledge!

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Questions 10

Answers

1
Groundwater & Surface Water are essentially the same thing.
False
True
2
Outdoor Trees, shrubs, plants & lawns are covered up to:
to a maxiumum of $1,200 per Item
10% of the Dwelling Building Limit
10% of the Contents Limit
5% of the Dwelling Building Limit
3
When verifying a customer, confirming their date of birth is optional.
True
False
4
With regards to adding SBU or EWC to a policy, we must
Confirm if a backflow valve is installed prior to adding the coverage.
Confirm that no water damage losses have occurred within the last 3 years
Just go ahead and add it without explaining the coverage to the insured.
Only offer the coverage if the client specifically requests it
5
On the comprehensive form, GRC is an included coverage enhancement that applies to:
Coverage A - Building & Coverage B - Additional Buildings
Coverage B - Additional Buildings Only
Coverage A - Dwelling Building only
GRC is not included and must be purchased
6
The PS platinum rider provides enhancements and increased coverage limits such as:
Increased limits for additional building at 20%
Jewelry $10,000
All of the Above
First Claims Forgiveness
7
Ground water is included as a part of the SBU & EWC coverage.
False
True
8
A spouse can cancel on behalf of the insured whether or not they are registered as their POA (Power of Attorney)
False
True
9
On the Comp Condo Policy, the single amount of insurance covers:
Single Limit is not available on the comprehensive Condo Policy
Sum of Unit Improvemnt & Bettermnts, Loss assessmt & Unit Addtnl Protection
The amount listed under Coverage C - Personal Property
Sum of Unit Improvement & Betterments & Loss Assessment
10
WSL (Water Service Line) coverage
Covers external pipes only
Covers pipes inside the house only
Covers frozen pipes only
Covers pipes Both inside & outside the home

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