ugtvfhjb

1. Chap-24
Insurance Servicesoffice (ISO) Dwellingprogram
Dwellingpolicyinclude:a) Dwellingproperty1,Basicformb) Dwellingproperty2,Broadform c)
Dwellingproperty3,special form
Basic form Cover: Fire & lightning,Windstrom orhail,Explosion,Riotorcivil commotion,Aircraft,
Vehicles,Smoke,Volcaniceruption,Vandalismormaliciousmischief Broad form providesbroder
coverage thanbasic form,broadform coverall the perilsof basicformand following additional :
Damagesby burglars,Fallingobjectives,Weightof ice,snow, Explosionof asteam, freezingof a
plumbing, Special formprovide coverage onopenperilsexceptthose are specificallyexcluded.
Mobile home insurance:an eligiblemobile home mustbe atleast10 feetwide nd40 feetlong,must
be designedforportabilityandforyearroundliving. Coverages:Dwelling,Otherstructure ,
Unscheduledpersonalproperty,Lossof use,Additional Coverage,Personal liabilityinsurance .
Inland Marine Floaters: provides broadcoverage onpropertyfrequentlymovedfromone place to
anothernd propertyusedintransportationandcommunication.
Watercraft insurance:is the insurance coverage onrecreational boatsandyacht.Insurance on
recreational boatsandyacht can be classifiedintotwogroups:a) Boatownerspackage policy b)
Yacht insurance.
A) Boatowners Package policy:cover , a) Physical damage b) Liabilitycoverage c) medical expensed)
Uninsuredcoverage. B) Yacht Insurance:is designedforlarger&valuable boats suchas cabincruiser
, inboardmotorboats,andsailboatsover26 feetinlength.Itcoversa) propertydamage b) Liability
coverage C) Medical paymentsD) uninsuredboatersE) Othercoverage
Govt. propertyinsurance program: there are twogovt.insurance programa) National Flood
Insurance b) FAIRplans
Title insurance: title insurance insuredthe propertytitle forthe ownerandthe lenderof the money.
It protectthe ownernd lenderagainstthe otherpartiesclaimonthe propertytitle.
Personal umbrellapolicy:istakenforthe possibilityof exceedingthe limitof liabilityinsurance.
Personal umbrellapolicyprovidesprotectionagainstacatastrophiclawsuitorjudgment.