Question / Issue |
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Why is Family Dwelling listed as a Policy Type in Wind Only? |
Answer / Solution |
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Family Dwelling Policy Type:
- For Builder's Risk, Family Dwellings are rated on a Commercial form and therefore rated as Commercial-Residential.
- Depending on whether construction has started or not, this rate will be taken from the first section of the either Rate table BR-A or BR-B regardless of the number of stories. (Pages XII-6 or XII-7).
- Be sure to answer Yes to the Commercial-Residential question, just below the Policy Type entry field.
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