C12 - Ch 05 - The Homeowners Forms

any continuous or regular pursuit undertaken for financial gain, including a trade, profession, or occupation

aka Declarations

• representations of information or concepts in any form
• data does not mean computer software

as simple as an email or as complicated as a scientific research paper

• erasure, destruction, corruption, misappropriation, misinterpretation of data
• error in creating amending, entering, deleting or using data
• inability to receive, transmit, or use data

not necessarily electronic; applies to problems with data of any kind

• a device or apparatus for personal use on the premises
• for containing, heating, chilling or dispensing water

• hot water heating tanks
• bathtubs, sinks, toilets
• aquariums or waterbeds
• outdoor swimming pools
• fish ponds
• hot tubs

• the building described on the Coverage Summary Page
• wholly or partially occupied by the insured as a private residence
• the term dwelling is used to distinguish the residence building from the outbuildings
• important bc coverage for the residence building is separate from coverage for detached private structures

• any form or type of mould, yeast, mushroom, or mildew
• whether allergenic, pathogenic, or toxigenic
• any substance, vapour or gas produced by, emitted from, or arising out of any fungi or spores or resultant myotoxins, allergens or pathogens

• found in the cracks and spaces in soil, sand and rocks beneath the ground surface
• including water in wells and in underground streams, and percolating waters
• may constitute the water table or water from heavy or prolonged rain or melting snow, hail or ice that is percolating to the water table

• the person named as insured in the Coverage Summary Page
• the insd's spouse
• the relatives of either the insd or insd's spouse
• any person under 21 in their care

• the land contained within the lot lines on which the dwelling is situated
• does not include municipal property adjacent to the insd premises, such as boulevards, sidewalks or roadways

• works for the insd, under insd's direction
• part-time or full-time
• in connection with the maintenance or use of the premises
• but not with the insd's business
• includes a babysitter, gardener, snow removal, butler
• does not include a contractor

• spores are a part of a fungi or mould
• can form as quickly as 24 hours after a loss
• one or more reproductive particles or microscopic fragments produced by, emitted from, or arising out of any fungi

• in accordance w/the Charter of Rights and Freedoms
• includes not only legally married partners
• but also heterosexual and same-sex partners who live together in a conjugal relationship outside marriage
• and have continuously done so for at least 3 years
• if the parents are natural/adoptive parents, period is reduced to 1 year

• water on the surface of the ground that is not usually there
• could be due to heavy downpour of rain
• or rapid melting of snow/ice 
• that cannot dissipate quickly enough
• may also include escape of water from any source which travels over the source of the ground

• ideologically motivated unlawful act(s)
• including use of violence or force or threat of violence
• committed on or behalf of any group, organization or government
• for the purpose of influencing any government and/or instilling fear in the public

• all occupants have moved out
• with no intention of returning
• and no new occupant has taken up residence
• regardless of the presence of furnishings
• in the case of a newly constructed house, no occupant has yet taken up residence

• building with no people in it but they intend to return
• not the same as vacancy  which people don't intend to return

• pipes forming part of a water distribution system
• conveys consumable water
• not waste water

• Insurer
• company providing the insurance

insured

• All moveable or temporary property
• furniture, clothing, even stocks/bonds
• the opposite of real property (fixed property such as land or buildings)

• Any person acting under the Governor General in Council of Canada or the Lieutenant Governor in Council of a Province, and/or
• any person acting with authority under a Federal, Provincial, or Territorial legislation
• with respect to the protection of persons and property in the event of an emergency

• insurer will not only ignore depreciation, but in some cases pay more than the amount of insurance
• extends the concept of replacement cost

• offers what is effectively unlimited coverage to replace the dwelling building, on condition that:
• 1) the amt of insurance on the dwelling be kept at not less than the cost to replace the dwelling (determined by valuation guide)
• 2) the amt of insurance on dwelling not be reduced below the amt (determined by valuation guide)
• 3) the insd notify insr within 90 days of the start of work on any improvement, extension, or addition to the dwelling

• Many insr's have been moving away from GRC
• b/c disasters often lead opportunistic contractors to artificially inflate the true cost of reconstruction, especially when they know that the insd's policy includes GRC