Principles of Risk Management and Insurance, 13th Edition

Chapter 24 Other Property and Liability Insurance Coverages

“Variety is the very spice of life.”

William Cowper, Olney Hymns (1779)

Learning Objectives

After studying this chapter, you should be able to

• Describe the following Insurance Services Office (ISO) dwelling forms:

  • –Dwelling Property 1 (basic form)

  • –Dwelling Property 2 (broad form)

  • –Dwelling Property 3 (special form)

• Explain how a mobile home can be insured.

• Identify the types of property that can be insured under a personal articles floater.

• Explain how recreational boats can be insured.

• Explain the basic provisions of the National Flood Insurance Program.

• Describe the basic characteristics of title insurance.

• Explain the major characteristics of a personal umbrella policy.

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