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Insurance Policy Types

Vikki H Singleton

Created on February 14, 2023

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Transcript

Name the policy

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Can be written on a HO3 Form

Includes structure, contents, liability, and medical. Lists different perils.

Mailing/property address are usually the same

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Homeowners Policy

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Zones are set by FEMA

Required if living in A or V Flood Zone

Maximum insurance is 250,000 for residential

Excess of water of mud from outside in

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Flood Policy

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Primarily dwelling but can include contents, vandalism

Mailing & property address is usually different

Policy written on a DP form.

He is known for his striking and dreamlike surreal images

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Fire Dwelling Policy

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In the name of the Homeowners Association.

Covers outside structure, grounds

Written in the millions.

May include betterments and improvements

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Condo Master

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Hawaii only state required to have Hurricane

Mandatory in Hurricane prone states

Hurricane season June 1st - November 30th

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Wind Policy

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Policy is on a HO6 form

Personal property is sometimes higher then the dwelling coverage

Consider Walls-In policy

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Condo Unit Owner

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CONGRATULATIONS!!!