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Property - Study 5

Across
Cost to replace property with a deduction for depreciation.
Excluded under coverage C except for lawnmowers, garden equipment, motorized scooters.
Water on the ground that is usually not there.
Covers cost of demolition following a loss.
Insurers will not only ignore depreciation on the principle dwelling but might also pay more than policy limits.
Water from the water table or heavy rain or melting snow
Water distribution system.
Hot water tank, bathtub, sink aquarium
Loss or damage of one will not necessarily mean loss of the set.
Mould, yeast, mushroom or mildew
Includes attached structures and permanently installed outdoor equipment.
Applies if damage to a neighbouring property poses a danger.
Down
All occupants have moved out with no intention to return.
Covers additional costs when insured has to re-locae as a result or an insured loss.
Transfers insureds right of recovery to the insurer.
Information of any kind, electronic or otherwise
A mechanism to increase the policy limit annually to keep pace with increases in cost of materials.
Activities that form primary source of income for the insured
Covers the cost to locate the source of water damage even if it's remote from the actual damage.
Covers property in transit to a new residence - up to 30 days.