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INSURANCE OF PROPERTY EXPOSURE (HOME INSURANCE) (body part (condition,…
INSURANCE OF PROPERTY EXPOSURE (HOME INSURANCE)
Preamble part
insurer's name :explode:
address of registered office :explode:
body part
condition
warranties
exclusions
endorsement
closing part
document must satisfy :warning:
agreement by two parties and agreed with agreement :warning:
3 main types policies to protect home
1) Basic fire policy
2) house owner policy
3) householder policy
Houseowner's insurance
Section I : Loss or damage to the building
private dwelling house (private apartment,flats)
fixtures and fittings
extended perils(buildings only)
earthquake,cyclone,typhoon
section III- Other contngencies
A)Rent Insurance
insurance company will pay reasonable additional expenses
total limit liability not exceed 10%
B) Liability to the public
Insured
spouse by any claimant
legal costs and expenses incurred by insured
uninsured
all legal cost and expenses which not incurred
ownership,possession or used by of insured or spouse
carrying out of alternations,additions,repairs
General Exception I
Will not cover loss or damage directly and indirectly
General Exception II
Excluded risk
General Exception III
Insurance company will not cover consenquetial loss
underwriting consideration for houseowner's insurance
:pencil2:claim history
:pencil2:residence characteristic
:pencil2:personal characteristic
:pencil2:occupancy