Texas Homeowners Policy - Form A Overview

These flashcards cover essential vocabulary and definitions from the Texas Homeowners Policy - Form A, providing a quick reference for key terms and concepts.

Insuring Agreement

The section that states the insurance coverage provided in the policy.

Dwelling

The primary structure of the residence as covered under the policy.

Exclusions

Specific situations or conditions under which coverage does not apply.

Coverage A

Covers the dwelling, including structures attached to it.

Coverage B

Covers personal property owned or used by an insured.

Coverage C

Personal Liability coverage for damages caused by an insured.

Coverage D

Medical Payments to Others for necessary medical expenses.

Claim Expenses

Expenses the insurer incurs in defending a claim against the insured.

Bodily Injury

Includes bodily harm, sickness, or disease resulting in loss of services or death.

Property Damage

Injury to, destruction of, or loss of use of property.

Occurrence

An accident resulting in bodily injury or property damage during the policy period.

Deductible Clause 1

Deductible applicable to windstorm, hurricane, and hail losses.

Liberalization Clause

Provides broader coverage without extra premium if the state adopts revisions.

Vacancy

Condition under which a dwelling is considered unoccupied, affecting coverage.

Subrogation

The insurer's right to recover costs from a third party responsible for a loss.

Environmental Hazard Exclusion

Excludes coverage for mold, fungi, or other microbes.

Residential Employee

An employee who performs duties related to the ownership or maintenance of the dwelling.

Duty After Loss

Responsibilities of the insured after a loss, including providing notice and protecting property.

Mortgage Clause

Details how claims payments are handled where a mortgage is involved.

Cancellation Policy

Rules governing how and when a policy may be canceled by the insurer.