Question

List the three details required to be itemized by the broker when the glass is on a scheduled basis:

a. Type of glass
b. Location of glass
c. Coverage limit

Answer 1

When scheduling glass on an insurance policy, brokers must detail the type of glass, its location, and the coverage limit to accurately assess risk and ensure appropriate insurance protection.

Step-by-step explanation:

When glass is scheduled on an insurance policy, the broker is required to itemize specific details to ensure proper coverage. These details typically include:

• Type of glass: This refers to the specific kind of glass being insured, which could range from standard window glass to specialized glass used in storefronts or vehicles.
• Location of glass: This detail denotes where the glass is located, such as the physical address or the position within the building or vehicle.
• Coverage limit: The maximum amount the insurance policy will pay in the event of a claim related to the glass.

These itemizations help the policy to accurately reflect the risk associated with the glass and ensure that the insurance protection is commensurate with the value and exposure of the glass covered.