4 Elements of a Valid Contract? *Ans*✨1.A manifestation of assent to its terms by parties who make
the contract.
2.A sufficient consideration (value or payment) for each promise.
3.Legal Capacity of the parties to contract.
4.Legal Subject matter.
4 Elements of an Insurance Contract *Ans*✨D.I.C.E.
1.Declarations
2.the Insuring Agreement
3.Exclusions
4.Conditions
, 4 Examples of "Other Structures" Per Coverage B of a Homeowner's policy(book gives 5)
*Ans*✨1.Detached Garage.
2.Guest House.
3.Fence
4.Tennis Court
5.Storage Building
4 Exceptions to Tort Exemption(Threshold of No-Fault) *Ans*✨1. Significant and Permanent loss of
bodily function.
2.Permanent injury other than scarring and disfigurement.
3.Significant and Permanent scarring or disfigurement.
4.Death
4 Subsections of Section I of a Property Coverage Policy *Ans*✨1. Coverages
2.Perils Insured Against
3.Exclusions
4.Conditions
5 Practices that the Insured are protected from under the "Florida Unfair Insurance Trade Practices Act."
*Ans*✨1.failing to act promptly
2.denying claims without reasonable investigation
3.failure to affirm or deny a claim when an insured is entitled thereto
4.failure to explain claim denials in writing
5.failure to maintain complaint-handling procedures, such as keeping accurate records of complaints.
5 Questions to establish the contract coverage *Ans*✨1.Did a covered Peril Occur?
2.When?
3.Were there more than one?
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