Principles of Risk Management and Insurance, 13th Edition

Notes

1. 1. The discussion of Section II coverages in this chapter is based largely on the Fire, Casualty & Surety Bulletins, Personal Lines volume, Dwelling section (Erlanger, KY: National Underwriter Company); National Underwriter Company, Homeowners Coverage Guide, 4th ed., Personal Lines Pilot newsletters from the International Risk Management Institute (IRMI); and the HO-3 policy drafted by the Insurance Services Office (ISO).

2. 2. The 2011 revision of ISO’s homeowners forms makes available an endorsement that excludes canine liability.

3. 3. The previous ISO form stated “an insured’s residence.” The new form simply states “a residence,” so coverage would apply, for example, while mowing a neighbor’s lawn.

4. 4. This coverage for toy cars that ...