What this domain covers
- Homeowner policy forms
- Tenant and condo insurance
- Building, detached structures, contents and additional living expense
- Perils and exclusions
- Water coverage distinctions
- Special limits and endorsements
- Co-insurance and replacement cost
- Home business, vacancy, short-term rental and other special risks
Calculation focus
Habitational is one of the best places to practise co-insurance, replacement-cost limits, deductibles, ACV and special-limit calculations.
Exam traps
Market value vs rebuild cost, sewer backup vs overland water, named perils vs all perils, total contents limit vs special limits, and tenant/condo responsibilities vs building-owner responsibilities.