1 of 49
Definition
Endorsement that lets you replace your home without
subtracting for depreciation, even if it costs more than
the policy limit. Most companies limit the guaranteed
replacement cost to 125%.
Give this one a try later!
Guaranteed Replacement
Market Value Coverage
Cost Coverage
Actual Cash Value Coverage Agreed Value Coverage
Don't know?
2 of 49
,Definition
Homeowners insurance polices are sometimes referred
to by the kind of form used and the specific perils they
cover. Examples are HO2, HO3, HO4, HO5, HO6, and
HO8.
Give this one a try later!
Insurer Agent
HO Forms Policy
Don't know?
3 of 49
Definition
Additional coverage for personal property such as
jewelry, artwork, or antiques not otherwise included in
the homeowners policy, or included for a nominal
coverage amount. The coverage "floats" or moves with
the property. Also called "Scheduled Personal Property
Endorsement."
Give this one a try later!
Floater Public Adjuster
, Fire Binder
Don't know?
4 of 49
Definition
A temporary written or oral agreement to provide
insurance coverage until a formal written policy is
issued.
Give this one a try later!
Floater Public Adjuster
Binder Claim
Don't know?
5 of 49
Definition
A special coverage transferring risk of earthquake
damages
, Give this one a try later!
None Of These Mine Subsidence Insurance
Fire Insurance Earthquake Insurance
Don't know?
6 of 49
Definition
A notice of the insurance company's refusal to renew
your policy prior to the end of the policy term.
Give this one a try later!
Premium Revocation
Appraisal Non-renewal
Don't know?
7 of 49
Definition
The policyholder or person(s) protected in case of a
loss/claim.
Definition
Endorsement that lets you replace your home without
subtracting for depreciation, even if it costs more than
the policy limit. Most companies limit the guaranteed
replacement cost to 125%.
Give this one a try later!
Guaranteed Replacement
Market Value Coverage
Cost Coverage
Actual Cash Value Coverage Agreed Value Coverage
Don't know?
2 of 49
,Definition
Homeowners insurance polices are sometimes referred
to by the kind of form used and the specific perils they
cover. Examples are HO2, HO3, HO4, HO5, HO6, and
HO8.
Give this one a try later!
Insurer Agent
HO Forms Policy
Don't know?
3 of 49
Definition
Additional coverage for personal property such as
jewelry, artwork, or antiques not otherwise included in
the homeowners policy, or included for a nominal
coverage amount. The coverage "floats" or moves with
the property. Also called "Scheduled Personal Property
Endorsement."
Give this one a try later!
Floater Public Adjuster
, Fire Binder
Don't know?
4 of 49
Definition
A temporary written or oral agreement to provide
insurance coverage until a formal written policy is
issued.
Give this one a try later!
Floater Public Adjuster
Binder Claim
Don't know?
5 of 49
Definition
A special coverage transferring risk of earthquake
damages
, Give this one a try later!
None Of These Mine Subsidence Insurance
Fire Insurance Earthquake Insurance
Don't know?
6 of 49
Definition
A notice of the insurance company's refusal to renew
your policy prior to the end of the policy term.
Give this one a try later!
Premium Revocation
Appraisal Non-renewal
Don't know?
7 of 49
Definition
The policyholder or person(s) protected in case of a
loss/claim.
