Study

UW HOHC Review

  •   0%
  •  0     0     0

      Back   Restart
  • What major even happened in Edgecumbe last April 2017 that changed the way we underwrite properties in that area?
    Edgecumbe was hit by devastating floods due to the collapse of the stop bank along the Rangitaiki River.
  • True or False. Pre 1935 homes must be repiled regardless of the condition of the piles
    False
  • You are creating q quote for a property in Waihi 3610, PIR shows zero result, how will you proceed?
    Ask the customer, "Is there any mining risk present in the property?"
  • How do we underwrite properties in Westport 7825 & 7892?
    No new business & no increases in sums insured for any home or contents risk within the boundary without approval of Personal Lines Underwriting
  • What are the three types of Heritage NZ listings classification?
    Category 1, 2 Heritage area / precinct
  • Sales or Underwriting? Determine terms & conditions that may apply to a policy
    Underwriting
  • What tool can we use to check a property's Natural and Man-made hazard?
    Property Information Register
  • Sales or underwriting? Sell polices
    Sales
  • Sales or underwriting? Receive insurance applications from potential customers
    Sales
  • Why do we want homes to be relined with modern materials? 2 answers
    Scrim is a high fire risk, if a fire breaks out it is more likely to spread & Walls lined with scrim cost more to repair if damaged
  • What tool can we use to check a customer’s insurance and claims history?
    Insurance Claims Register
  • Sales or Underwriting? Decide whether the company will accept/approve policies
    Underwriting
  • For Pre-1935 homes that are not repiled, what is the minimum requirement?
    We need a confirmation from a professional that the current piles are in good condition.
  • How do we underwrite properties in Edgecumbe 3120?
    No new business or increases in sums insured may be issued within the town of Edgecumbe (Postcode 3120) until further notice.
  • For Pre-1935 homes, what type of wall material do we prefer?
    With GIB board or similar modern material – All scrim should be removed
  • What must the home have been rewired with to meet our standard?
    TPS
  • What is the meaning of Heritage NZ listing Category 1?
    This is for buildings that are deemed of national importance
  • What is the meaning of NZ classification Heritage area/ precinct?
    This is for areas, or sometimes a street or collection of buildings are considered to be of regional or natural importance
  • What is the meaning of Heritage NZ listing Category 2?
    This is for buildings that are considered of regional importance
  • What other fees should be included in the
    Compliance costs, professional and other fees, and demolition and removal costs.
  • What tool can you use to estimate the rebuild cost of the customer's house?
    Cordell Sumsure Calculator
  • What website can you visit to check what the Heritage NZ listing classification of a property is?
    heritage.co.nz
  • Provide 3 types of Moral Risk.
    Insurance History Claims & Loss History Motor Offences Criminal Offences
  • Why has the benchmark of “1935” been set?
    The 1931 Napier earthquake resulted in a change in legislation.
    • Your experience on this site will be improved by allowing cookies.