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RMGT Property - Study 4

Across
After a loss the underwriter will sometimes to this.
If you rent equipment and are responsible to insure it you might have this additional payee on your policy.
Another term for declarations page. (2 words0
A clause that encourages insureds to insure their property to value.
This is the part of the coinsurance formula that identifies the amount of insured required.
This describes how deductibles are applied when there is more than one policy. (2 words)
This type of policy allows multiple insurers to participate on a risk - often used when big capacity is needed.
This kind of homeowners policy is 'all-risk' on both property and contents.
This device is designed to redirect surface water away from a building. (2 words)
This policy is sometimes used by underwriters when they only want to provide limited coverage.
These modify the policy - adding, restricting or removing coverage from the wording.
Down
It's the brokers responsibility to obtain this on a risk.
Business property, money, watercraft, jewelry, art, collections are all examples of property subject to this. (2 words)
The claims adjuster has to verify this information first.
This document is generated when your policy is about to expire - usually 30 - 45 days in advance.
This page provides a summary of the policy for the insured.
The act of seeking recovery under an insurance policy.
This homeowners policy provides coverage for named perils on building and contents.
These help to clarify the meaning of terms used.
This entity is a common loss payee - in addition to the named insureds - on homeowners policies.
This industry body works with insurers on common interests like model wordings.
A cause of insurable loss.
An individual buys an insurance policy with the intention of making a claim. This is an example of this kind of hazard.