Textbook Notes (368,313)
Canada (161,808)
Business (2,391)
BU353 (31)
Chapter 12

Chapter 12.docx

2 Pages
88 Views
Unlock Document

Department
Business
Course
BU353
Professor
Heather Graham
Semester
Fall

Description
Chapter 12Homeowners InsuranceHomeowners policies are multipleline policies they provide coverage for firstparty property thirdparty liability voluntary medical payments and voluntary payment for property damage of othersIf the policy lists the perils that are covered it is called a specified or named perils policyIn other cases the policy covers all perils except those specifically excluded known as an all risk or all perils policy Section I provides coverage for damage to both buildings and personal property due to a broad range of perilsSection II provides coverage for compensatory damages and defense costs for unintentional bodily injury and property damage to third parties that arise from accidents at the residence or that result from actions of the insuredSection IADwelling Building covers the policyholders main residence attached structures permanentlyinstalled outdoor equipment fences swimming pool etcBDetached Private Structures covers structures not attached to main residence garages etcCPersonal Property covers items that are owned or used by the insured regardless of whether they are lost or damaged at the insureds premises or
More Less

Related notes for BU353

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit