Habitational forms RIBO study guide already graded A

Habitational forms RIBO study guide already graded A Actual Cash Value (ACV) Cost to replace property with new property of like kind and quality less depreciation. replacement cost The cost to repair or replace property using new materials of like kind and quality with no deduction for depreciation. Valued Policy A policy in which the insurer pays a stated amount in the event of a specified loss (usually a total loss), regardless of the actual value of the loss. Specified Perils 1a fire, lightning, explosion, smoke (due to a sudden and faulty operation of any heating or cooking unit, a falling object,impact by air,land vehicle[not employee or resident coverageterm-4-all risk} specified perils 1b riot, vandalism or malicious acts(not inc theft of attempted theft} water damage{sudden accidnetal escape of water from a water main,plumbing, heating sprinkler,a.c., domestic water container-outside dwelling aswell) not covered by freezing(all perils) water which enters suddenly by peril not excluded. water escaping through eaves trough or damming,not entered through basement or foundation wall. specified perils 1c windstorm or hail(not including weight of ice snow collapse only covers incidental damage if caused by hole opening by insured portation loss or damage of personal property by collision, upset does not include loss in vacation home, water craft, trailer which you own their furnishings or equipment. coverage a Covers the dwelling on the residence premises and any structure attached - Materials intended for construction for maintenance permanently installed out door equip swimming pool and attached equip when building is occupied theft is covered(not in coc) tear out clause will pay for damages done when tearing out walls, ceiling to repair water damage(swimming pools excluded water mains, sewers not insured} buildings fixtures and fittings 10% of coverage A to insure fixture and fitting temporarily removed for repair or seasonal storage {freestanding furniture,appliances} Outdoor Trees, Shrubs, and Plants 5%of coverage A will not pay more than 500 per plant and includes debris removal expenses excludes commercial use, and only insured peril Detached private structures coverage B Structures or buildings separated from a dwelling by a clear space, on the premises but not insured as a dwelling building. Normally if these structures are connected to a building by a fence, utility line or similar connection, they are considered to be detached; for example, a detached garage. Coverage C: Personal Property covers the insured's personal property that is at the described location and is usual to the dwelling occupancy. usual to owning maintain of dwelling. excluded roomers or boarders property Coverage C: Personal Property exclusions -Pets -Motorized vehicles (unless used for service...ex: lawnmower) -Property of renters or boarders, car, atv, campers, ebikes golf cartstrailers, aircraft or truck equipment....theft only beyond 30 days any where in the world, except storage at owned temp locations. Coverage C includes lawn mowers, gardening equipment, snow blowers, wheel chairs, scooters for disability, watercraft not powered by jet propulsion Coverage C: Personal Property student coverage of named insured in away in a dorm school, college, university, 2500 basic allowed, spouse father,mother,in a nursing home for amount not exceeding 5000? Moving to Another Home insured property while moving for 30days consecutive, change in temperature insurer will pay change of temp damage to property inside dwelling, as long as home was not abandoned or left vacant more than 4days. Special Limits of Liability 1a $200 for money or coins, $2000 for jewelry or furs,2000 business books and account, students prop 2500, garden tractor 5000, watercraft 1000, securities 2000, computer software2500, car parts 1000, card collect 1000, stamp