Level 1: Chapter 2 Definitions

Personal Property

contents of the insureds dwelling and other personal property owned, worn, or used by the insured while on the premises, which is usual to the ownership or maintenance of a dwelling

Additional Living Expense

coverage that provides for additional cost of living elsewhere when the dwelling is damaged by an insured peril and the damage is sufficient to make the dwelling unit for occupancy or requires that the insured move out while repairs are being made. also provides loss of fair rental value if part of the dwelling was rented or being held for rental at the time of the loss.

vandalism

the wilful or ignorant destruction of property

malicious act

wrongful act done without legal justification or excuse

vacant

refers to circumstances where regardless of the presence of furnishings all occupants have moved out with no intention of returning and no new occupant has take up residence or in this case of a newly constructed house no occupant has yet taken up residence

theft

includes all means of taking property without the owners consent