February 28, 2022 AND Submit your answers to the questions below each week to terri@berginsurance.com and receive one entry into our raffle for a chance to attend an event at Top Golf San Jose on Friday, April 15th from 2:00 pm to 4:00 pm! Each correct answer gets an entry, and every answer can be found in our blog posts here! Good luck! (Last day to enter is Wednesday, April 6th, and winners will be drawn by Friday, April 8th.) ____________________________________________________________ Q: With a “Guaranteed Replacement Cost” policy, coverage is guaranteed. TRUE or FALSE? Article: http://berginsurance.com/extended-guaranteed-replacement-cost/ ____________________________________________________________ Q: When a home is damaged by something which is covered by either the HOA’s or the unit owner’s personal insurance, and the folks living there must relocate, who pays for that? BONUS Question for an extra ticket: Does the Association’s Master Policy contain “Loss of Use” Coverage? Article: http://berginsurance.com/not-home-for-the-holidays/ ____________________________________________________________ Q: If I see insurance coverage for “elevator collision” in my policy, but we don’t have an elevator, doesn’t that mean that we are paying for something we don’t even have? Article: http://berginsurance.com/elevator-collision-coverage/ _____________________________________________________________ Q: Three ways to get Earthquake insurance coverage if you own in an association are through: 1) an earthquake master policy 2) and “opt-in” earthquake coverage policy and 3) a personal unit-owners earthquake policy. TRUE or FALSE? Article: http://berginsurance.com/eq-insurance-options/ _____________________________________________________________ Q: If a board decides to go skydiving as a teambuilding exercise, and someone is injured, is that covered by the Association’s insurance? Article: http://berginsurance.com/volunteer-work-groups-covered/ _____________________________________________________________
