This course is included as part of your ILS General CE and/or Adjuster CE Course Subscription and qualifies for 1 continuing education hour of credit.
Alberta Insurance Adjusters and Alberta Insurance Brokers: AIC# 42949
Wawanesa Habitation Wording Update
The Wawanesa Habitation policy wordings are reviewed on a regular basis to ensure that the wordings are clear and consistent with Wawanesa’s underwriting and claims intent. In many instances, the Insurance Bureau of Canada (IBC) Advisory wordings were adopted. The wordings consist of two sections: Section I – Property Coverage and Section II – Liability Coverage. This wording booklet is also applicable to the habitational portion of Farm risks and is contained verbatim in ‘Your Farm Insurance Policy’
The policy wordings are reviewed on a regular basis to ensure that the wordings are clear and consistent with our underwriting and claims intent. In many instances, the Insurance Bureau of Canada (IBC) Advisory wordings were adopted.
The purpose of this learning opportunity is to highlight the changes that were made to the wordings effective January 1, 2015. It is not meant to cover all aspects of Habitation coverages.
Topics include:
- Definitions, Property Coverages
- Additional Coverages
- Additional Coverages – Condos
- Additional Coverages – Tenants
- Forms
- Peril Highlights
- Section I – Optional Coverages
- Section I – Loss or Damage Not Insured
- Section I – Conditions
- Section II – Liability Coverage
Included as part of the ILScorp General Insurance CE Subscription
Included as part of the ILScorp Adjuster CE Subscription
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Credit Hours: 1
Credit Type: General/Adjuster – Technical
Accrediting Provinces: BC, AB, SK, MB, ON
Credit #: AIC# 42949; MB# 26233
It is recommended that you download ‘Your Personal Insurance Wording 2015’ from the resource tab located in this online course. The wording booklet will be a valuable tool as you continue with the online course.
Course Definition Sampling:
Here is an example of some definitions that are new to the Wawanesa wording booklet:
“Aircraft” is newly defined and includes, airplanes, helicopters, hot air balloons, drones, unmanned aerial vehicles (UAV) and hovercrafts. It is important to include UAVs and drones in the definition to reduce ambiguity. In the past the common language definition of aircraft was relied upon. Over time technology has changed and by providing a proper definition it adds clarity to the intent of what is meant to be covered.
“Pollutant” means any solid, liquid, gaseous or thermal irritant or containment, including but not limited to fuel oil, vapour, soot, chemicals, pesticides, herbicides, waste and smoke from agricultural smudging or industrial operations. The addition of Pollutant to the Homeowner wording ensures consistency with the the Farm wordings, which previously contained this definition.
“Spouse” used to be embedded in the definition of Insured and Residence Employee. Spouse is now defined to closely follow the Ontario Family Law Act, which has been vetted by the Supreme Court of Canada.
“Surface Waters” means water or natural precipitation temporarily diffused over the surface of the ground, not caused by “flood” or escape of water from a “domestic water container” or “watermain”. The concerns regarding surface waters has increased due to catastrophes over the last few years and needed to be addressed.
“Watermain” means a pipe forming part of a water distribution system, which conveys consumable water but not waste water. This is an important definition when discussing the water exclusion that will be addressed later.
The following definitions have been revised from the previous version of the booklet.
“Business” has been clarified to read “the continuous or regular pursuit undertaken for financial compensation, including any trade, profession or occupation”.
“Computer Software” and “Software” have been combined under one definition; and means computer programs and/or instructions stored on electronic media, excluding video games of any kind
“Dwelling” has been expanded to include: ‘…described on the Declarations wholly or partially occupied by you as a private residence’
“Vacant” and “Vacancy” has been a contentious issue within the industry and there have been many prominent court cases on the issue. To clarify the issue further, the wording has been revised to:
Referring to the circumstance where, regardless of the presence of furnishings:
a.All occupants have moved out with no intention of returning to reside continuously in the dwelling and no new occupant has taken up residence OR
b.Where a newly constructed or acquired dwelling, no occupant has yet taken up residence
