What personal inland marine policies can Larry purchase to cover his property?.
Sally returned from work one day to find her storm door shattered and a hole in the etced-glass window of her front door. She found a rock lying among the glass shards on her living room floor.
e. One afternoon, Sallys sewer backed up while she was doing laundry because of tree roots that had grown into the drain and caused a blockage. Her basement carpet in the adjoining room was damaged by the backup of sewer water.
2. Josh, a single father, owns a home where he lives with his two children, Lisa, age three, and Mia, age eleven. Josh has an ISO DP-3 policy on the home. On May 25, a fire caused extensive smoke damage to the interior of the house and its furnishings; Joshs DP-3 covered the damage. While the home was being repaired, Josh rented an apartment for his family to stay in for $1,200 a month. Because Mia was to spend the entire month of July at camp, Josh enrolled Lisa in a daycare center located near the apartment. Although the house became habitable July 15, Josh and Lisa remained in the apartment until Mia returned on August 1. Explain how Joshs insurer would handle their additional living expenses for that period.
3. A house insured by an ISO DP-3 policy was vacant for a month and then was burglarized. The thief broke the framing of a door to get in and damaged several kitchen cabinet drawers while searching for valuables. What is covered?
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Chapter 8 Application Question
1. Larry sold his home and most of his furniture. He is spending at least two years traveling by bicycle across the United States and Europe. He is traveling with camera equipment valued at $8,000. He also placed some furniture, books and personal possessions in a self-storage unit. What personal inland marine policies can Larry purchase to cover his property?
2. Explain whether each of the following losses would be covered by a typical personal umbrella policy.
a. Until police arrived, the insured detained a youth falsely accused of stealing a racing bike. The police later arrested the actual thief. The youths parents sued the insured for the false arrest of their son.
b. The insured owns a small bakery and is sued when an employee severely burns his hand when an ovens handle falls off.
What personal inland marine policies can Larry purchase to cover his property?
