DUAL Underwriting

3. Evaluates a community's fire protection capabilities
7. Coverage that reimburses insured for extra expenses such as temporary housing or food expenses
13. Loss Settlement that is paid minus depreciation
14. An event that can cause damage or loss to an insured property
15. Sets of rules and criteria that insurers use to evaluate and decide whether to accept an insurance application
16. A formal request for coverage requiring detailed information about the insured
18. Report that shows all previous losses associated with the insured and the property on the application
19. Lender or financial institution that holds a mortgage on a property

1. Occupancy type where the owner rents out their property
2. An estimate of the premium you'll pay for insurance coverage based on the information provided
4. Termination of insurance policy
5. Optional coverage to cover the cost of repairing or replacing underground utility lines that run to a home
6. Loss Settlement where total loss is ACV and partial loss is RCV
8. A change processed on a policy
9. Occupancy type where the home is not currently being lived in
10. A place of residence such as a house or apartment
11. Condition, event or type of loss that the policy does not cover
12. Loss Settlement that is paid based on today's value
17. Shows the limits allowed for each coverage
18. Protection against claims resulting from injuries and damage to people or their property