1. Sally and Chuck have homeowners insurance through the Online Insurance Company (see document under case study module in D2L). Sally has jewelry valued at $10,000. Chuck has a coin collection valued at $15,000 and a motorboat valued at $20,000. Explain whether the following losses would be covered and for how much (ignore the deductible). If the loss is covered, explain which coverage applies. If the loss is not covered, or not fully covered, explain why.
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   2. A nearby river overflowed its banks and got into Sallys house. It will cost $8,000 to repair the damage to her hardwood floors and $3,000 to replace the carpet.

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2. They came home after a night at the movies with their kids and found the house had been burglarized. All of Sallys jewelry was gone, as well as Chucks coin collection. They had also stolen an iPad ($600), TV ($450) and an headphones ($400).

3. Lightning hit a very large tree in the neighbors yard causing it to fall onto Sallys property. The tree did damage to Sallys fence that will cost $750 to repair, and it did $2,500 damage to her roof.

d. Chucks boat was totally destroyed in a strong windstorm while parked in their driveway

Named Insured SALLY JONES Policy Number 456789 1239 Policy Period January 1, 20X0 to January 1, 20X1 Online Special Limits and Additional Coverages Coverage Level: Online Protect Premier The limit shown for each of the Special Limits of Liability and Additional Coverages is the total limit for each loss in that category. Personal Property- Special Limits of Liability Limit a. Money, bank notes. coins stored value cards b. Securities, accounts, passports, tickets, stamps c. Watercraft including trailers and motors d. Trailers or semi-trailers not used with watercraft e. Theft of jewelry, watches, furs, precious stones f. Theft of firearms and related equipment g. Theft of silverware, goldware, pewterware h. Business property on the residence premises i. Business property away from the residence premises j. Electronic apparatus while in or upon a motor vehicle k. Electronic apparatus used primarily for business and not in or upon a motor vehicle $ 200 $ 1.500 $ 1.500 $ 1,500 1,500 $ 2,500 $ 2,500 $ 2,500 $ 500 $ 1,500 $ 1,500 The Special Limits of Liability do not increase your Coverage C - Personal Property Limit. Property- Additional Coverages Limit Debris Removal (Additional % of damaged covered property limit) 5% Tree Removal Per Tree $500; Per Loss $1,000 Trees, Shrubs and Other Plants for specified perils Per plant $500; Per Loss 5% of Coverage A Fire Department Service Charge S 500 Credit Card, Fund Transfer, Forgery and Counterfeit Money $ 500 Loss Assessment $1,000 Landlord Furnishings Ordinance or Law Grave Markers 10% of Coverage A $5,000 The applicable policy deductible applies unless otherwise noted in the policy. Liability - Additional Coverages Limit Damage to Property of Others Loss Assessment $1,000 $1,000 Please review your policy for other Personal Property Special Limits of Liability and Additional Coverages that may apply. Required Forms and Endorsements Included in Your Policy: HOMEOWNERS HO 00 03 10 00 PL-12345 XL (05-19) Insured Copy This is not a valid insurance policy and is for educational purposes only Page D-2 INSURANCE Online Homeowners Policy Declarations Named Insured and Mailing Address Residence Premises SALLY JONES 123 BLUE RAIDER LANE 123 BLUE RAIDER LANE MURFREESBORO, TN 37132-9999 MURFREESBORO, TN 37132-9999 drunkgirl@cyberspace.net Your Insurer: Mortgagee Name and Address FEDERAL SAVINGS AND LOAN PO BOX 123 MURFREESBORO, TN 37132-9999 ONLINE PERSONAL INSURANCE COMPANY a subsidiary of The Online Insurance Group One Online Drive, Cyber, SP 00999 www.onlineins.com LOAN NUMBER: 000721022505 Policy Information Your Policy Number Your Account Number 456789 1239 123456789SJ For Policy Service 1.800.222.3333 For Claim Service 1.800.222.4444 The policy period is from January 1, 20X0 at 12:01 A.M. STANDARD TIME to January 1, 20X1 at 12:01 A.M. STANDARD TIME at the residence premises. $1,002.00 Total Premium for this Policy: This is not a bill. You will be billed separately. Discounts The following discounts reduced your premium: Multi-Policy Early Quote Good Payer Fire Protective Device Loss Free Theft Protective Device Savings Reflected in Your Total Premium: $408.00 Coverages and Limits of Liability Property Coverage Section Coverage A-Dwelling Coverage B - Other Structures Coverage C- Personal Property Coverage D- Loss Use Limit $300,000 $ 30,000 $150,000 $ 90,000 Limit $100,000 $ 5,000 Liability Coverage Section Coverage E - Personal Liability-Bodily Injury and Property Damage (each occurrence) Coverage F - Medical Payments to Others (each person) Deductibles Peril Deductible Property Coverage Deductible (All Perils) Deductible $ 2,500 In case of loss under the Property Coverage Section, only that part of the loss over the applicable deductible will be paid (up to the coverage limit that applies). PL-12345 XL (05-19) Insured Copy This is not a valid insurance policy and is for educational purposes only Page D-1 Named Insured SALLY JONES Policy Number 456789 1239 Policy Period January 1, 20X0 to January 1, 20X1 Online Special Limits and Additional Coverages Coverage Level: Online Protect Premier The limit shown for each of the Special Limits of Liability and Additional Coverages is the total limit for each loss in that category. Personal Property- Special Limits of Liability Limit a. Money, bank notes. coins stored value cards b. Securities, accounts, passports, tickets, stamps c. Watercraft including trailers and motors d. Trailers or semi-trailers not used with watercraft e. Theft of jewelry, watches, furs, precious stones f. Theft of firearms and related equipment g. Theft of silverware, goldware, pewterware h. Business property on the residence premises i. Business property away from the residence premises j. Electronic apparatus while in or upon a motor vehicle k. Electronic apparatus used primarily for business and not in or upon a motor vehicle $ 200 $ 1.500 $ 1.500 $ 1,500 1,500 $ 2,500 $ 2,500 $ 2,500 $ 500 $ 1,500 $ 1,500 The Special Limits of Liability do not increase your Coverage C - Personal Property Limit. Property- Additional Coverages Limit Debris Removal (Additional % of damaged covered property limit) 5% Tree Removal Per Tree $500; Per Loss $1,000 Trees, Shrubs and Other Plants for specified perils Per plant $500; Per Loss 5% of Coverage A Fire Department Service Charge S 500 Credit Card, Fund Transfer, Forgery and Counterfeit Money $ 500 Loss Assessment $1,000 Landlord Furnishings Ordinance or Law Grave Markers 10% of Coverage A $5,000 The applicable policy deductible applies unless otherwise noted in the policy. Liability - Additional Coverages Limit Damage to Property of Others Loss Assessment $1,000 $1,000 Please review your policy for other Personal Property Special Limits of Liability and Additional Coverages that may apply. Required Forms and Endorsements Included in Your Policy: HOMEOWNERS HO 00 03 10 00 PL-12345 XL (05-19) Insured Copy This is not a valid insurance policy and is for educational purposes only Page D-2 INSURANCE Online Homeowners Policy Declarations Named Insured and Mailing Address Residence Premises SALLY JONES 123 BLUE RAIDER LANE 123 BLUE RAIDER LANE MURFREESBORO, TN 37132-9999 MURFREESBORO, TN 37132-9999 drunkgirl@cyberspace.net Your Insurer: Mortgagee Name and Address FEDERAL SAVINGS AND LOAN PO BOX 123 MURFREESBORO, TN 37132-9999 ONLINE PERSONAL INSURANCE COMPANY a subsidiary of The Online Insurance Group One Online Drive, Cyber, SP 00999 www.onlineins.com LOAN NUMBER: 000721022505 Policy Information Your Policy Number Your Account Number 456789 1239 123456789SJ For Policy Service 1.800.222.3333 For Claim Service 1.800.222.4444 The policy period is from January 1, 20X0 at 12:01 A.M. STANDARD TIME to January 1, 20X1 at 12:01 A.M. STANDARD TIME at the residence premises. $1,002.00 Total Premium for this Policy: This is not a bill. You will be billed separately. Discounts The following discounts reduced your premium: Multi-Policy Early Quote Good Payer Fire Protective Device Loss Free Theft Protective Device Savings Reflected in Your Total Premium: $408.00 Coverages and Limits of Liability Property Coverage Section Coverage A-Dwelling Coverage B - Other Structures Coverage C- Personal Property Coverage D- Loss Use Limit $300,000 $ 30,000 $150,000 $ 90,000 Limit $100,000 $ 5,000 Liability Coverage Section Coverage E - Personal Liability-Bodily Injury and Property Damage (each occurrence) Coverage F - Medical Payments to Others (each person) Deductibles Peril Deductible Property Coverage Deductible (All Perils) Deductible $ 2,500 In case of loss under the Property Coverage Section, only that part of the loss over the applicable deductible will be paid (up to the coverage limit that applies). PL-12345 XL (05-19) Insured Copy This is not a valid insurance policy and is for educational purposes only Page D-1