Property and Casualty Insurance License Exam Cram™

Chapter 10. Miscellaneous Personal Insurance

Terms you'll need to understand:

• Flood

• Layup warranty

• Navigational limits

• Self-insured retention

• FAIR (Fair Access to Insurance Requirements) plan

Concepts you'll need to master:

• Emergency flood insurance program

• Regular flood insurance program

• Write your own program

• Inland marine floaters

• Personal property form

• Personal effects form

• Personal watercraft insurance

• Umbrella insurance

• Excess liability coverage

Although the personal lines policies we've reviewed so far insure a number of personal loss exposures, they also exclude or limit coverage for certain exposures. For example, Dwelling and homeowners policies both exclude losses caused by floods, and a homeowners policy provides only limited coverage for watercraft ...