power interruption
~~covers accidental direct physical loss caused directly or indirectly by a change in
temperature from power loss that takes place on residence premises
Refrigerated products
~~covers contents of fridge and freezer for loss due to power failure
void if , insured did not try...
✓✓~~coverage involving a building, or any part of the it suddenly falling into pieces or
entirely falling down
must be directly caused by
- perils described in section 1 losses insures, and coverage b personal property
- hidden decay
- hidden insect damage
- weight of contents, equipment, animals, or people
- weight of ice, snow, or rain collected on roof
use of defective material or methods in the construction of the building
accidental direct physical loss contract
✓✓~~loss caused by perils covered under the policy language
Principle of Indemnity
✓✓~~The insurer agrees to pay no more than the actual amount of the loss
, Declarations Page
✓✓~~The basic information about a policy:
Who - names of insurer and insured, policy number
What - description of insured property
Where - address and legal description of insured property
When - effective and expiration dates.
How Much - Dollar amounts of limits of coverage, deductible, premium
Named Insured
✓✓~~The individual(s) whose name appears on the policy's declaration.
Insured
✓✓~~a person whose interests are protected by an insurance policy
policy holder and anyone living in household
Residence Premises
✓✓~~The place where the insured resides as identified in the policy declarations.
Primary dwelling of policy holder
Can include up to a four family dwelling
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