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CHAPTER 6 : HOUSEHOLDER POLICY (WHAT? (GENERAL EXCEPTION (2 (cessation of…
CHAPTER 6 :
HOUSEHOLDER POLICY
HOW?
TYPES OF PAYMENT
new for old
covered for the full cost of replacing lost or damaged possessions with new
replacement value
cover only the value of possessions and the value of most items depreciation each year
CLAIM
SETTLEMENT
market value
maximum liability
limit to 3 paying guest only
average
no right of claim from any other person
excess
insurable interest
fraud
subrogation
other insurance
arbitration
right of access and control
MAKE
building plans
liability claim
notice and proof of claim
WHICH?
SCOPE OF COVER
contents
belonging to insured or any member of insured family normally residing with insured contained in the private dwelling house, flat, apartment and all domestic offices, stables, garages and out-buildings used solely in connection to it on the same premises specified in the schedule
relates to movable possessions such as furniture and electrical appliances
household goods and personal effects of every description
covers the financial cost of repairing cost or replacing your household personal possessions including furnishings from accidental loss or damage
PERILS
INSURED PERIL
explosion
aircraft and other aerial devices
fire, lightning, thunderbolt
road vehicle or animal not belonging to insured
private house
insured and his or her family member
flat or apartment
insured, agent and servant, any person resident
bursting or overflowing water tank
any forcible, violence, broken thing by theft
hurricane, typhoon and etc
earthquake, volcanic erruption
flood
robbery
INSURED PERIL
the excess amount that stated in schedule in the policy
WHO?
INSURED
owner of his/her content of private dwelling house
WHAT?
DEFINITION
is a package policy. they combine within a single document a range of different covers such as damage to the insured 's own property together with legal liability for injury to others or damage to their property. consist one section in home policy.
SUBJECT MATTER
content in private dwelling house
breakage to mirrors
contents temporarily removed
compensation for death
loss or damage of content
servants property
GENERAL EXCEPTION
2
cessation of work , confiscation, commandeering or etc
property its own fermentation , natural heating, spontaneous combustion or etc
arising from or in consequence of or contributed to by nuclear weapons material
arising from or in consequence of or contributed to by ionizing radiations
3
not cover consequential loss or damage of any kind except rent insurance
1
war, invasion, act of foreign enemy, hostilities or warlike operations(whether declared or not),civil war
riot or other any terrorism