Fl Risk Blog

Mike Petruccelli says hurricane storm warnings are

1. Tropical storm watch

2. Tropical storm warning

3. Hurricane watch

4. Hurricane warning

Mike Petruccelli says a Hurricane Tracker is when you track a hurricane, plot the latitude and longitude coodinates as provided by the National Hurricane Center. The coordinates designated the location of the storm’s center and are included in the NHC advisories as a storm approaches.

Mike Petruccelli says Conditions are the portion of an insurance contract which sets forth the rights and duties of the insured and the insurance company.

Mike Petruccelli says that Conditionally Renewable is a type of health insurance cancellation clause that states that the insurer can refuse to renew the policy only under certain conditions stated in policy.

Mike Petruccelli says Concealment is the withholding of a material fact from the insurance company. May void the policy.

Mike Petruccelli says a Computer Fraud Coverage Form is a form which is part of the Commercial Computer Crime Coverage part of the Commercial Package Policy. It covers loss of all types of property by theft related to the use of computers to frauduently cause a transfer of property from inside the insured’s or a banking premises.

Mike Petruccelli says Comprehensive Coverage in automobile insurance, a broad, physical damage coverage which covers all property losses exceot collision and those perils or property which are specifically excluded.

Mike Petruccelli says, Common Policy Conditions is a form containing conditions that apply to all coverages issued under the Commercial Package Policy program.

Mike Petruccelli says a Commerical Package Policy is a simplified, easy-to-read Commerical Package Policy introduced by ISO. Includes General Liability, Commerical Property, Commercial Inland Marine, Commercial Crime/Employee Dishonesty, Broiler and Machinery, Commercial Auto, Farm, Liquor Liability, Pollution Liability, Professional Liability, and Employment-Related Practicse Liability. Forms may be used in the package policy or may be used to issue monoline policies.

Mike Petruccelli says a Commercial Articles Coverage Form is a part of the Inland Marine Coverage part of the Commercial Package Policy. Provides all risk coverage for photographic equipment and musical instruments on either a scheduled or blanket basis or both.