Principles of Risk Management and Insurance, 13th Edition

Summary

• The ISO dwelling program is designed for dwellings that are ineligible for coverage under a homeowners policy and for persons who do not want or need a homeowners policy.

• The Dwelling Property 1 policy is a basic form that provides coverage for a limited number of named perils. The Dwelling Property 2 policy is a broad form that includes all perils covered under the basic form and some additional perils. The Dwelling Property 3 policy is a special form that covers the dwelling and other structures against direct loss to property. Direct physical losses are covered except for those losses specifically excluded; personal property is covered on a named-perils basis.

• A mobile home can be insured through an endorsement to a Homeowners 2 or ...