Multi Peril-Package
Any policy which provides property & liability coverage (not homeowner)
ISO policy
Sold in Texas, but not Texas form
On
... [Show More] ly Texas DP 1
Mainly the only TDP sold, now with plethora of endorsements
Texas Standard Fire Policy
Granddaddy of all Texas property policies
Business auto coverage e.g.
Owner of a taxi to cover collision damage
Inland Marine (build milk policy) would cover e.g.
3k gallons of milk in tanker truck
Texas Standard, Standard Fire & Business Owner
Would all cover damage to something like a gift card shop fire
Tx Personal Auto Policy e.g.
Owner of family far, for potential injury to other people
Trucker's policy
Trucking company, for potential damage to other people's trailers which the trucking company may be pulling
Actual Cash Value (ACV)
Replacement cost less depreciation
Garage Liability e.g.
For valet parking service to have appropriate liability coverage it needs what kind of policy?
Flood, workers comp, crop, costal wind among others
Types of casualty claims I will be unable to handle under license I'm studying for
Ocean Marine Hull coverage
Would have to be written for an insured to cover potential collision damage to insured's ship
Covered (if it's not written)
It's safe to assume that if something is not excluded in writing it's appropriate to assume that the loss is?
15/15/5 rule
15 calendar days to send notice you received claim
15 business days to resolve case
5 days to pay claim (if applicable)
Options for High Risk Drivers?
Texas started TAIPA
Risk pool
Minus PIP ($2,500)
Uninsured/underinsured motorist coverage
What does TAIPA provide?
When can you get TAIPA
Once you've been rejected by 2 or more insurance companies
Commercial General Liability coverage
Covers basically any risk imaginable that would "cause" bodily injury or property damage
E.g. Customer slip-fall; hit by debris; escalator lurching;poison get well card
Multi peril or package
Any policy that provides both property and liability coverage
ISO
A policy sold in Texas, but is not a Texas Policy form
How many Texas Dwelling policies are sold now?
ONE
TX Dwelling Form 1
The dwelling policy sold in texas [Show Less]