Florida General Lines Insurance (Property Terms and Definitions) with Complete Solutions

Florida General Lines Insurance (Property Terms and Definitions) with Complete SolutionsFlorida General Lines Insurance (Property Terms and Definitions) with Complete SolutionsFlorida General Lines Insurance (Property Terms and Definitions) with Complete SolutionsFlorida General Lines Insurance (Property Terms and Definitions) with Complete SolutionsHull Insurance Hull insurance is similar to collision insurance on an auto. It protects a shipowner against a covered loss to the vessel itself, but not to its cargo. - ANSWER-A class of ocean marine insurance that covers damage and loss of a ship. Permitted Incidental Occupancies Endorsement (HO 04 42) The Permitted Incidental Occupancies Endorsement (HO 04 42) provides narrower liability coverage than the home business insurance coverage (HOBIZ) endorsement. - ANSWER-Provides liability coverage under a homeowners policy for incidental types of business conducted on the residence premises (e.g., private music lessons or an art studio) Three categories of liability coverage under the BOP The businessowners policy provides business liability coverage to pay damages for which the insured is legally liable, supplementary payments to pay expenses associated with claims and lawsuits against the insured, and medical expenses arising from an accident on the insured's premises or involving the insured's operations, regardless of fault. - ANSWER-Regarding the BOP: business liability coverage; supplementary payments; and medical expenses Dwelling Policy Coverage E Coverage E—Additional Living Expense covers any increase in living expenses for the household to maintain its normal standard of living, such as hotel charges and restaurant bills. Coverage limit is usually 20 percent of the Coverage A limit. - ANSWER-The section of a dwelling policy that covers increases in household living expenses when a loss makes covered premises temporarily uninhabitable. Value Reporting Form (CP 13 10) Under the Value Reporting Form (CP 13 10) endorsement, the insured pays a provisional premium when the policy term begins and submits daily, weekly, monthly, or