TWIA insurable property includes which types of property?

TWIA insurable property includes which types of property?

• A. Immovable property at a fixed location in a catastrophe area or certain moveable property contained within
• B. Only movable property
• C. Only immovable property
• D. Property outside catastrophe areas

Answer: (A)

The concept being tested is what TWIA considers insurable property. TWIA covers two kinds of property: immovable property that is fixed at a location within a catastrophe area, and certain moveable property that is contained within the insured property (as defined by the policy). Immovable property refers to buildings or structures and attached fixtures that stay in one place; moveable property within the insured site refers to items that can be moved but are located inside the building or covered structure. The key is that the property must be in the catastrophe area to be eligible, and only those moveable items that the policy explicitly covers are included. This is why the option describing immovable property at a fixed location in a catastrophe area or certain moveable property contained within is the best description.

The concept being tested is what TWIA considers insurable property. TWIA covers two kinds of property: immovable property that is fixed at a location within a catastrophe area, and certain moveable property that is contained within the insured property (as defined by the policy). Immovable property refers to buildings or structures and attached fixtures that stay in one place; moveable property within the insured site refers to items that can be moved but are located inside the building or covered structure. The key is that the property must be in the catastrophe area to be eligible, and only those moveable items that the policy explicitly covers are included. This is why the option describing immovable property at a fixed location in a catastrophe area or certain moveable property contained within is the best description.