Download
today s lecture 21 homeowners insurance n.
Skip this Video
Loading SlideShow in 5 Seconds..
Today’s Lecture #21 Homeowners Insurance PowerPoint Presentation
Download Presentation
Today’s Lecture #21 Homeowners Insurance

Today’s Lecture #21 Homeowners Insurance

125 Views Download Presentation
Download Presentation

Today’s Lecture #21 Homeowners Insurance

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Today’s Lecture #21Homeowners Insurance Section I More examples Section II Coverages E and F Exclusions Examples

  2. Example While painting your living room ceiling, you drop a can of paint on your couch and wood flooring. It costs $600 to get your couch cleaned and $1200 to refinish your floor. How much does your Homeowners Policy pay? A 0 B 350 C 950 D 1300 E None of the above

  3. Example Someone breaks down your front door to get in your house, and then steals your $6000 (ACV) stamp collection. It costs $700 to fix the door. How much does your Homeowners Policy pay? A 0 B 1450 C 1700 D 6450 E None of the above

  4. Section II - Liability Coverages(Page 678) Coverage E - Personal Liability Defends and pays any damages insured is legally liable for, unless excluded Coverage F - Medical Payments to Others Pays for any injury occurring on the insured location or caused by the activities of an insured or by an animal owned by or in the care of an insured, unless excluded

  5. Examples of Exclusions(Pages 678-681) Expected or intended by the insured Arising out of business engaged in by an insured Arising out of the ownership, maintenance, use, loading or unloading of motor vehicles Arising out of the transmission of a communicable disease by an insured Arising out of the use, sale, manufacture, delivery, transfer or possession by any person of a Controlled Substance

  6. Coordination of Liability and Medical Payments (Page 683) Liability is excess over any other insurance, including the Medical Payments coverage

  7. Example You slide into third base in a softball game, breaking the thirdbaseman’s finger. Her medical bills are $400. You are held liable for $1250 in bodily injury damages. How much will your Homeowners Policy pay? A 0 B 400 C 1000 D 1250 E None of the above

  8. Example You take a job with VECTOR selling knives. During a demonstration you drop a knife on a potential customer’s foot. His medical bills are $300. The customer sues you and is awarded $2000. How much does your Homeowners Policy pay? A 0 B 300 C 2000 D 2300 E None of the above

  9. Example You buy giant size drink from a 7-11 and find you can’t finish it. While walking across the street, you pour the excess out. It freezes immediately. A car slides on the ice patch you created and hits a telephone pole, injuring the driver. Witnesses identify you as the culprit. You are found liable for $2500 in bodily injury and $500 in property damage to his car. How much will your Homeowners Policy pay?

  10. Answers A 0 B 500 C 2500 D 3000 E None of the above