ExamFX Chapter 3: Types of Property Policies Questions With Complete Solutions
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Course
Fx life insurance
Institution
Fx Life Insurance
Personal Lines - Includes Dwelling and Homeowners policies
Commercial Lines - Business policies such as Businessowners, Commercial Property and Commercial Package policies
Dwelling Property Policy - Insures properties solely used for residential purposes, can be used to insure the dwelling on...
ExamFX Chapter 3: Types of Property Policies
Questions With Complete Solutions
Personal Lines - Includes Dwelling and Homeowners policies
Commercial Lines - Business policies such as Businessowners, Commercial Property and Commercial Package policies
Dwelling Property Policy - Insures properties solely used for residential purposes, can be used to insure the dwelling only, contents only, or both
Basic, Broad and Special Form Coverage - The three separate coverage forms available under the dwelling program
Endorsements - Exist to amend the coverage to tailor it to the specific needs of the policy applicant
Liability Coverage - Coverage that is NOT included, but can be added to the policy. Commonly used to insure rental dwellings.
Dwelling Property (DP) Form Structure - Agreement, Definitions, Deductible, Coverages, Perils Insured Against, General Exclusions and Conditions
Perils Insured Against - Part of the DP form structure, varies by form and is a key differentiator in form selection
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