3-A Homeowner's Insurance

Coverage C provides "Special Limits of Liability" on some property. What is covered?

$200 for money, bank notes, gold and silver; $1500 on securities, accounts, deeds, evidences of debt, letters of credit; $1500 on watercraft, including their trailers, furnishings and equipment; $1500 for trailers and semi-trailers not used with watercraft; $1500 for theft of jewelry, watches, furs, precious stones; $2500 for theft of firearms; $2500 for theft of pewterware, goldware, silverware; $2500 for property on the residence premises used at any time or in any manner for any business purpose; $500 for property away from the residence premises, used for business purposes; $1500 on electronic apparatus and accessories while in or upon a motor vehcile, but only if the apparatus is equipped to be operated by power from the motor vehicle's electrical system while still capable of being operated by other power sources; $1500 on electronic apparatus and accessories used primarily for "business" whiel away from the residence premises and not in or upon a motor vehicle.

What are Additional Coverages under Section II--Liability?

1. Claims expenses--the following will pay: 1. The cost of investigating a claim; 2. Premiums for bonds requried in a suit the company defends; 3. Reasonable expense incurred by the insured at the company's request, including loss of earnings, subject to a predetermined $250 per day.; 4. Interest on judgment that accrues after the judgment.; 5. First Aid--the company will pay for the first aid expense incurred by an insured for first aid to to others; 6. Damage to Property of Others. The Insurer will pay up to $1000 for accidental damage to property of others caused by the insured, excluding. For example, if you borrow a neighbor's lawnmower and destroy it, it will be covered. If you break the scope on a neighbor's gun, it is covered up to $1000.; 7. Loss Assessment--provides up to $1000 per occurrence for the insured's assessment as a member of a group of property owners when assessed because of bodily injury or property damage, or liability for an act of a director or trustee if the director or trustee is elected by members of a corporation or association of property owners.

What are Section II - Liability Exclusiosn?

1. Losses that are expected or intended; 2. Business pursuits of an insured; 3. Losses for the insured's failure to render professional services; 4. The ownership, maintenance, use, loading and unloading of motor vehicles. Liability coverage is provided for the following: A trailer not towed by or carried on a motorized land conveyance; a motorized land conveyance designed for recreational use off public roads; Not owned by an insured; Owned by an insured and on an insured location; A motorized golf cart when used to play on a golf course--covered off the premises; A vehicle or conveyance not subject to motor vehicle registration which is used to service an insured's residence, like running a lawnmower; designed for assisting the handicapped; in dead storage on an insured location. 5. the ownership, maintenance, use, loading or unloading of watercrafts listed below. Anything with inboard-outboard motor power uner 50 hp is covered; a sailing vessel under 26-ft is covered. ; Does not include ownership, maintenance, use, loading, unloading or an aircraft; Does nto include war-including accidental discarge of nuclear weapons; Does not include the transmission of a communicable disease; Does not include sexual molestation, corporal punishment, physical or mental abuse; Does not include the sale, mfg, delivery or transfer or possession by any person of a controlled substance.

What is covered in Coverage A under Section 1: Property Coverage?

1. The dwelling described on teh Declarations page of the policy; 2. Structures attached to this dwelling; 3. Materials and supplies located on the dwelling used for construction, alteration or repair of the dweling. This coverage does NOT apply to land or to the HO-4 which is designed for contents ONLY. 4. Coverage A (Dwelling) under the HO-6 Condominium Unit Form covers which covers the alterations, appliances, fixtures, and improvements that are part of the building contained within the residence premises; Property that is the insured's responsibility under a corporation or association of property owner's agreement, structures owned solely by the insured, other than the residence premises a thte location of the residence premises.

What is covered in Coverage E - Personal Liability?

1. The premises shown in the Declarations section of the policy as well as any location the insured occasionally rents. For example, a community bldg. that the insured rented to hold a party; 2. Personal activities such as sports, social, etc., anywhere in the world; 3. Acts of residence employees acting within the scope of their duties; 4. Vacant land; 5. Individual or family cemetery plots or burial vaults of any insured.

For newly acquired property such as jewelry, furs, cameras, and musical instruments, how much is paid out?

25% of the amount of insurance for that class of property, or $10,000. When new property is acquired, you must report these objects to the company within 30 days and pay an additional premium.

What is Condominium Endorsements?

A number of endorsements are available to adjust coverage for condominium unit owners. Normally, HO-6 provides broad form coverage for any building items and for personal property. An endorsement may be used to provide unit owners with special coverage for Coverage A, to the extent that building items are insured. Another endorsement may be used to provide unit owners with special coverage for Coverage C (personal property). An endorsement is also available to cover the personal property of unit owners while the residence is rented to others.

Section II -- Conditions. What are they?

A.Limit of Liability. The company's limit of liability, Coverage E, for all damages resulting from any one "occurrence" will not be more than the Coverage E limit. $100,000 for each occurrence.; B. Severability of Insurance--The insurance applies separately to each "insured"? this condition will not increase our limit of liability for any one "occurrence". In other words, the liability limit applies per insured but the maximum that can be paid on behalf of all insureds for one covered claim cannot exceed the coverage E liability limit.; C. Duties after an "occurrence" -- This clause spells out the duties of the insured if there is a claim. Reporting of the claim in a timely fashion, cooperate with the insurer are some examples.; D. Duties of an injured person--Coverage F--Medical payments to others--the injured person or someone acting for the injured person will: Give the company written proof of claim; authorize the company to obtain copies of medical records, the injured person will submit to a physical exam; E. Payment of Claim---Coverage F--Medical payments to others--Payment of claim is not an admission of liability by an insured or the insurer. ; F. Suit against the insurer: No action can be brought against the insurer unless there has been full compliance with all of the terms under section II. No one will have the right to join the insurer as a party to any action against the "insured." Also, no action with respect to Coverage E can be brought against the insurer until the obligation of such "insured" has been determined by final judgment or agreement signed by the insurer.; G. Bankruptcy of an "insured"--bankruptcy or insolvency of an "insured" will not relieve the insurer of their obligation under the policy; H. Other insurance--This insurance is excess over other valid and collectible insurance except insurance written specifically to cover as excess over the limits of liability that apply to this policy; I. Policy Period--The policy applies only to bodily injury or property damage which occurs during the policy period; J. Concealment or Fraud--the insurer does not provide coverage to an "insured" who, whether before or after a loss has: Intentionally concealed or misrepresented any material fact or circumstance, Engaged in fraudulent conduct, Made false statements relating to this insurance.

What is EXCLUDED under Collapse Coverage?

Awnings and fences; patios and swimming pools, underground pipes, flues, drains, cesspools, septic tanks, foundations, retaining walls, and docks.

Homeowners policies are what type of policy? A. Single-line policy; B. Broad coverage policy; C. Multi-line policy.

C. Multi-line policies--they combine property and casualty coverage in the same policy. A multi-line policy packages several coverages related to a specific type of exposure and it reduces the number of policies that one has to purchase.

What is in Coverage C?

Coverage C is Personal Property. There is broader coverage for personal property under the HO program than under the Dwelling Property Program as shown. 1. Full limit of Coverage C applies to personal property anywhere in the world. Covers personal property owned or used by the insured. For example, 30% of coverage A for 3-4 family dwelling, 25% for a family dwelling.; 2. Under the HO-2, HO-3, HO-5 and HO-8, a percentage of Coverage A applies to Coverage C depending on the number of units as an additional amount of insurance. Under the HO-4 and HO-6, the insured establishes an amount of coverage based on the actual events.; 3. If the named insured requests, the following personal property can be covered under the insured Coverage C amount: a. personal property of others while it is located at the insured's premises; b. personal property of a guest or residence employee at a residence occupied by the insured.; 4. For personal property kept at an insured's residence other than the residence premises shown on the Declarations page, coverage is the larger of $1000 or 10% of Coverage C.; 5. When the insured moves to a newly purchased primary residence, contents is pro rata between the locations for 30 days in case of a loss.; 6. The following personal property is excluded under Coverage C.

What is covered in Coverage D?

Coverage D--Loss of use, the coveage is the same as the Dwelling Property programs "additional living expense" and "fair rental value." Under the HO-2, HO-3, HO-5, the coverage is 30% of Coverage A. Under the HO-4, the percentage is 30% of the contents limit which is Coverage C.

Coverage F - Medical payments to others.

Coverage F is "good will" coverage that pays the medical bills incurred by others in an accidnet, regardless of the fault or liability of the insured. The minimum limit of $1000. Coverage F will pay for the following as long as they are claimed within three years of the date of the accident, and the loss occurs to a guest, other individuals or residence employees: medical and surgical care; x-rays; dental services; ambulance, hospital and professional services; funeral services.

What is Credit Card, electronic transfer card, forgery or counterfeit money?

Coverage for a limit of $500 on all of these including counterfeit money-U.S. or Canadian.

What is Building additions and alterations?

Covered under the HO-4 and the HO-6 only.

What is Glass or safety glazing material?

Covers loss of doors and windows of the dwelling as a result of breakage of glass or safety glazing material.

What is Collapse?

Covers physical loss to covered property involving abrupt falling down or caving in of a building, or any part of it caused by perils insured against in the policy, hidden decay, hidden vermin or insect damage, weight of contents, weight of rain. Does not include settling, cracking, shrinking, bulging, or expansion of a building.

What is covered in the Fire Dept. service charge?

Covers the Fire Dept. service charge of $500. This is also additional insurance and the deductible does not apply to this coverage.

Which of the following does not meet the eligibility requirement for a Homeowner Policy? A. Owner-occupants of residential dwelling which do not contain more than six families; B. Tenants in non-owned buildings used primarily for residential purposes; C. No dwelling that is under construction; D. Both A & C

D. Both A & C. Owner-occupants of residential dwellings can not contain more than 4 families under the HO-2; HO-3; HO-5; HO-8. Dwellings that are under construction are ELIGIBLE.

Which of the following do NOT meet the eligibility requirements for Homeowner's Insurance? A. Tenants in non-owned buildings used primarily for residential purposes; B. Owner-occupants of condominiums; C. Dwellings purchased under installment contracts when the purchaser is occupant of the dwelling; D. Dwellings that are used exclusively for offices, professional or private schools.

D. The dwelling must be used exclusively as a residence, except for certain incidental occupacies such as offices, professional or private schools, or studios.

What is covered in Debris Removal?

Debris removal is coverage after a loss like a fire, and provides up to $1000 to remove a fallen tree from the residence premises. Tree can fall on the property, and not just the house.

Section VII. What are Homeowner's Endorsements?

Earthquake endorsement; Inflation Guard Endorsement; Personal Property Replacement Cost; Scheduled Personal Property Endorsement--called a Floater.; Ordinance or Law Endorsement; Sinkhole Collapse Endorsement; Condominum Endorsements; Sewer Backup Endorsement; Home business endorsement; Identity Fraud Expense Coverage.

What is not covered in HO-8?

Falling objects, weight of ice, snow or sleet, discharge of water or steam, sudden accidental rupture, freezing of plumbing, artifically generated electrical current.

Farm property is eligible for HO insurance. True or False?

False. Farm property is NOT eligible.

Mobile Homes are not covered under HO insurance. True or False?

False. Mobile homes are eligible with the attachment of the modbile home endorsement. HO-5.

What is covered in the HO-2 Broad Peril Form?

Fire, lightning, Windstorm or hail (interior damage); Explosion; Riot and civil commotion; Aircraft damage; Vehicle damage; Smoke; Vandalism and malicious mischief; Theft and attempted theft; Volcanic eruption; Falling objects-like a tree falling on a house; weight of ice or snow or sleet that damages property; accidental discharge of water or steam from heating or AC system; Sudden and accidental tearing apart, cracking, burning or bulging of a steam or hot water heating system, ac system, sprinkler system or appliance for heating water; Freezing of plumbing, heating, ac, provided the insured maintains heat in the building and shuts off the water and drains of all systems of water; Sudden and accidental damage from artificially generated electrical current--such as Lightning; Collapse--caused by hidden decay, hidden insect or vermin damage, weight of contents, animals or people, weight of rain collecting on roof, use of defective material or methods in construction.

What is Ordinance or Law Endorsement?

For an additional premium, an endorsement may be attached to a homeowner policy to cover the additional loss that may result from any ordinance or law regarding the construction, repair or demolition of property. In states where the 1994 coverage revisions are in effect, 10% of the coverage A limit is already provided as additional ordinance or law coverage and the endorsements may be used ot purchase higher amounts of coverage.

What is sewer backup endorsement?

For an additional premium, an endorsement may be attached to provide up to $5000 of coverage for losses caused by water which backs up thru sewers or drains or which overflows from a sump pump. A special deductible of $250. applies to this coverage.

What is the Sinkhole Collapse Endorsement?

For an additional premium, coverage for sinkhole collapse may be attached to the policy. Loss by "sinkhole collapse" means actual physical damage caused by sudden settlement or collapse of the earth supporting insured property resulting from underground voids created by the action of water on limestone or similar rock formations.

What are the current Homeowner Forms?

HO-2 (Broad Form); HO-3 (Special Form); HO-4 (Contents Broad Form also known as the "Tenants Form"); HO-5 (Deluxe Form-open peril coverage for buildings and contents); HO-6 (Condominium Unit-Owners form); HO-8 (Modified Coverage Form)--the most limited form.

Which forms provide for replacement coverage?

HO-2, HO-3 & HO-5 provide replacement cost provided the insured carry 80% coverage.

The Collapse peril is found in which HO forms?

HO-2, HO-3, HO-4, HO-5, HO-6. This peril is not included in HO-8 which is the most limited Homeowner form. The collapse must be as a result of an abrupt falling down or caving in of the structure or a part of the structure--cannot be a gradual collapse.

What is the difference in HO-3?

HO-3 covers the same personal property as HO-2, HO-3, HO-4, HO-5, HO-6, but the dwelling coverage is "open peril."

HO-4 Contents Broad Form covers what?

HO-4 does not cover the structure. This form is designed to cover the contents of a tenant living in a non-owned structure. This could be an apartment or a dwelling. Since the tenant does not own the structure the form does not provide coverage except for the improvements and betterments that the tenant may have made to the structure at his or her expense. This form provides the named "broad perils."

HO-5 Comprehensive Form covers what?

HO-5 is a Deluxe form, open-peril coverage on both dwelling and contents. This is the broadest homeowner form. It provides "open-peril" coverage on both buildings and their contents. The HO-2, HO-3 and the HO-5 provide replacement cost coverage on the structures provided the insured carries at least 80% of the replacement cost value of the structure. Contents coverage under all of the homeowner forms provide actual cash value (ACV) coverage on contents unless a separate replacement cost endorsement is purchased.

What is the difference in HO-5?

HO-5's dwelling and personal property is OPEN PERIL.

HO-6 covers what?

HO-6 is the Unit-owners Broad Form, for condo owners. It covers the structural portio of the condo owned by the insured as well as his or her contents plus any improvements and betterments. Like the HO-4 form, property is covered by the "broad perils."

HO-8 covers what?

HO-8 is Modified Coverage Form. It covers the least broad perils. This is the MOST LIMITED HO form. it provides the very basic peril coverage. Coverage for both buildings and contens are considerd on an ACV basis only.

What is covered in HO-8?

HO-8 is the least broad form covering lightning, windstorm or hail, explosion, riot or civil commotion, aircraft, vehicles, smoke, VMM, theft, volcanic eruption.

What are the Optional Liability Endorsements - Section H?

Homeowner policies may be endorsed to extend the personal liability and medical payments coverages to include insurance for peope, property, situations, or activities which are not normally covered. Endorsements may be used to cover the interestof an additional insured, or to cover the exposure related to an additional premises. An endorsement may also be used to insure the liability exposure arising from an additional residence rented to others (like a summer home). Another optional coverage is an endorsement that extends Coverages E and F to include the business pursuits of the named insured, and such coverage for teachers may be written to include or exclude liability for the corporal punishment of students.

What is Bodily Injury?

Includes bodily harm, sickness, diesease, and death.

What does the Mobile Home endorsement do?

It adjusts the claim on the basis of replacement cost for the structure.

What is Liability?

Liability is third party coverage that takes care of medical bills, property damages, lost wages, pain and suffering, inconvenience, etc. that is incurred by a third party in an "occurrence" and caused by or is allegedly the fault of an insured and members of the insured's household.

HO-2, HO-3, HO-4 & HO-6 cover what perils?

Lightning, Windstorm or hail, Explosion, Riot or civil commotion, Aircraft, Vehicles, Smoke, VMM, Theft, Volcanic eruption, Falling objects, Weight of ice or snow or sleet, Discharge of water or steam, Sudden or accidental rupture, Freezing of plumbing and related systems, artifically generated electrical current.

What is Personal injury coverage?

May also be added by endorsement. When attached, this form amends the definition of "bodily injury" to include "personal injury." Personal injury means injury arising out of false arrest, libel, slander, defamation of character, invasion of privacy, and other offenses that could result in a personal liability claim.

The Home Day Care Coverage Endorsement is what?

May be added to insure the liability exposure arising out of a home day care business conducted by an insured on the residence premises. However, this endorsement excludes coverage for bodily injury or property damage arising out of sexual molestation, corporal punishment, or physical or mental abuse.

How are Mobile Homes covered?

Mobile homes are covered by the HO-2, HO-3 or HO-5 form when the mobile home endorsement is attached to the policy. Coverage is subject to all the applicable provisions of the Homeowners form except for the following: 1. Definitionof Residence Premises--refers to the mobile home and other structures on land owned or leased by the insured. The mobile home must be designed for year-round living; 2. Dwelling--Coverage A that applies to the mobile home on the residence premises shown in the Declarations. This includes structures and utility tanks attached to the mobile home and items installed on a permanent basis, including floor coverings, appliances, dressers, and cabinets.; 3. Other structures--which is coverage B, provides 10% of Coverage A, or minimum of $2000 if less; 4. Property removed--if the insured mobile home is endangered by an insured peril and removal of personal property is necessary to avoid damage, the policy will pay up to $500 for expenses to remove and return the covered property; 5. Section I - Conditions--If the 80% to value is carried, replacement cost applies to all property under Coverage A, which includes replacement cost for carpeting and household appliances, but does NOT include awnings, outdoor antennas and outdoor equipment whether or not attached to the buildings which are settled on an ACV basis.; 6. Settlement options--by paying an additional premium, the insured can purchase an endorsement which give the insurer the option to settle covered property losses in the following ways: Pay the cost of repairing the damage; Replace the damaged property with similar property, but not necessariily from the same manufacturer; Pay the insured the lower of the differece between: the actual cash value of the property befoe and after the loss; Pay with cost of replacing the damaged property with similar property; pay the cost to repair the damaged property.

What are conditions under Section 1?

Must have an insurable interest; Must report a claim; Loss settlement is paid on ACV; etc.

What is Occurrence?

Occurrence is an accident, including repeated or continuous exposure to similar harmful conditionsl

What is in Coverage B?

Other structures. Coverage B covers: 1. Structures located on the insured's premises that are separated from the dwelling by a clear space, or connected only by a fence, utility line or similar connections, i.e. detached garage or shed. No coverage for structures used for business or for buildings rented to nontenants unless used as a private garage; 2. Coverage B--a percentage of coverage A, depending on the number of dwelling unites and is an additional amount of the insurance. 10% coverage for 1-2 family dwelling, or 5% on a 3-4 family dwelling; 3. Under HO-6, owned garages or storage buildings are covered for a stated amount. If coverage is needed; 4. Under HO-8, Coverage B cannot be increased by endorsement. Just 10% of coverage A.

What is Loss Assessment?

Pays up to $1000 when the insured is assessed by a corporation or property owner's association for damage to property owned collectively if damaged by a peril insured against under the insured's policy.

What is Grave Markers?

Pays up to $5000 for grave markers including mausoleums on or away from the residence premises.

Under Section II, what is Personal Liability?

Personal Liability pays on behalf of the insured all sums he/she is legally obligated to pay others because of bodily injury and property damage to others, caused by an "occurrence." The minimum limit is $100,000 per occurrence.

Identity Fraud Expense Coverage?

Provides for reimbursement of expenses incurred as a result of identity theft or fraud. Covered expenses up to the $15,000 limit, including reasonable attorney fees to defend suits brought by merchants, financial institutions, or collection agencies, lost income for time taken to meet law enforcement officials or complete affadavits (maximum $200 per day, $5000 total).

HO-3 Special Form covers what?

Provides open-peril coverage except for exclusions. HO-3 is Open Peril/Broad Peril . All of the structures are covered on an "open-peril" basis. This means that if a cause of loss is not excluded, then coverage would apply. The burden of proof is up to the insurance company to prove that the loss is excluded. Contents coverage applies on a Broad Peril basis.

What is Landlord's Furnishings?

Provides up to $2500 for landlords furnishings. This additional coverage excludes theft of these items.

What is Ordinance or Law?

Provides up to 10% of Coverage A, dwelling for increased costs the insured incurs due to the enforcement of any ordinance or law which requires or regulates the construction, demolition, remodeling or repair of the covered building damaged by a peril insured against.

Which Homeowner form has been withdrawn in most states?

The HO-1 basic form has been withdrawn in most states.

What are Additional Coverages of the HO forms?

The HO-2, HO-3 & HO-5 include additional coverage for the following: Debris removal; reasonable repairs; trees, shrubs, and other plants; fire dept. service charge; property removed; credit card, forgery, and counterfeit money; loss assessment; glass or safety glazing material; collapse; landord's furnishings; building additions and alterations; ordinance or law, grave markers.

How much of newly acquired fine arts are covered?

The Personal Property Endorsement of the HO policy will not pay more than 25% of the amount of insurance for fine arts; These objects must be reported to the company within 90 days and pay an additional premium.

What is the Personal Property Endorsement--called a Floater?

The endorsement provides scheduled coverage for such things as jewelry, furs, cameras, musical instruments, silverware, golfer's equipment, fine arts, stamps, coins. All other property is covered on an all risk basis, subject to limitations and exclusions. The policy does not insure loss, from any cause, to property on exhibition at fair grounds or premises of national or international expositions unless the premises are covered by this policy. If postage stamps or rare and current coins collections are covered, the following are excluded: Fading, creasing, denting, scratching, tearing or thinning; transfer of colors, inherent defect, dampness, shipping by mail other than registered mail.;

What are General Conditions of the Homeowner Policy?

The following General Conditions apply jointly to Section 1 & 2: 1. No coverage for insureds that intentionally conceal or misrepresent any material fact.; 2. Waiver or change to the policy must be in writing. This is usually done by use of an endorsement.; 3. Cancellation: a. insured may cancel at any time for any reason; b. Insurance company may cancel for reasons listed below in the Law Supplement text; 4. Non-renewal is when the insurer cancels on the anniversary of the policy by giving 30 days notice. Nonrenewal is also subject to state laws. ; 5. When the insured cancels the policy, the unearned premium is returned to the insured on short-rate basis. ; 5. When the insured cancels the policy, the unearned premium is returned on pro-rata basis; 7. If an insured dies during the policy period, the legal representatives of the deceased will be protected by the Homeowner's Policy.; 8. Assignment--a policy holder cannot give his policy to another person without written permission from the insurance company; 9. Liberalization: If the insurer makes a change which broadens coverage under the current edition of the policy without additional premium charge, that change will automatically apply to this insurance as of the date the insurer implements the change, provided this implementation date falls within 60 days prior to or during the policy period stated in the Declarations of the policy.; 10. Subrogation-The insured may waive in writing before a loss all rights of recovery against any person. if not waived, the insurer may require an assignment of rights of recovery for a loss to the extent that payment is made by the insurer. Before a loss has occurred the insurer may waive his rights of recovery.

What are Coverage E- Personal Liability EXCLUSIONS?

The following are NOT covered: 1. property damage to property rented to, occupied by, used by, or in the care, custody or control of an insured except the following property damage which is covered: fire, smoke, explosion; 2. Bodily injury to people covered by workers' compensation or disability insurance; 3. Bodily injury or property damage to an insured; 4. Contractural liability except where you've signed a contract.

What are Coverage F - Exclusions?

The following exclusions apply only to Coverage F (Medical Payments to Others): 1. To a residence employee not sustained in the course of employment or occurring off-premises.; 2. to any person eligible to receive workers compensation or disability coverage; 3. From any nuclear reaction; 4. To anyone residing on the insured premises (boarders, tenants).

What is excluded as personal property under Coverage C?

The following personal property is EXCLUDED under Coverage C: a. animals, birds and fish; b. automobiles and other motorized vehicles (except motorized vehicles pertaining to the service of the premises or for use of the handicapped, such as a wheelchair); c. Electronic apparatus (including accessories, antennas, or tapes, wires, records, discs) designed to be used with a motorized vehicles electrical system and in or upon the vehicle. Note: $1000 coverage is provided when such items are not in or upon a vehicle; d. Aircraft and parts (hobby aircraft is covered); e. Property of roomers/boarders not related to the insured; f. Property located in an apt. regularly rented by an insured other than the insured premises; g. Property rented or held for rental to others off the 'residence premises"; h. business data, including data stored in books of acocunt, drawings, electronic data processing tapes, discs, other software media. The cost of blank recordingor storage media and of pre-recorded computer programs available on the retail market is covered; i. Credit cards or fund transfer cards except as provided in "Additional coverages"--up to $500 for forgery/counterfeit.; j. Property scheduled elsewhere. Note: If a piece of jewelry is separate insured under a personal articles floater; coverage is completely taken out of hte homeowner policy; k. Loss of water or steam.

What happens if the insured dies during the policy period?

The legal representatives of the deceased will be protected by the Homeowner's Policy.

"Insured Location" means:

The residence premises. The parts of other premises, other structures and grounds used by the insured as a residence, and which is shown in the Declarations; Any premises used by the insred in connection with the premises; Vacant land owned or rented by the Insured; Land owned by or rnted to an "insured" n which one, two, three, or four famly dwelling is being built as a residence of the insured; Individual or family cemetary plots or burial vaults.

What is the Home Business Insurance Endorsement?

This is very broad coverage. It's designed to cover businesses being run out of the home, i.e. real estate office, beauty parlor, CPA, etc. There is coverge for business income, extended business income, extra expense, and loss of business income because of the action of civil authority. Liability coverage is on an aggregate basis and includes coverage for premises operations, advertising injury and personal injury. Coverage for the products/completed operations hazard is limited to the amount shown for coverage E.

What is covered in Trees, shrubs and other plants?

Trees, shrubs, and other plants including lawns are covered for limited specified perils including fire or lightning, explosion, riot or civil commotion, etc. They are covered up to 5% of the dwelling limit and subject to a maximum limit of $500 for any one tree, shrub, or plant. This is additional insurance and is in addition to the limit of the policy.

An occupant of a dwelling under a life state is eligible for HO insurance. True or False?

True.

The Homeowners Program provides the same property coverages that are available under the Dwelling Property program. True or False?

True. It also includes theft insurance and personal liability coverage under one contract.

Seasonal dwellings are eligible for HO insurance. True or False?

True. Seasonal dwellings are eligible when the insured is covered under a Homeowner Policy for their primary dwelling.

General Exclusions include what?

War, Nuclear Hazard, Earth movement, Neglect, Ordinance or law; Flood, Off-premises power shortages, Intentional acts.

What is Property removed?

When the insured is removing property from the premises when endangered by a peril insured against, coverage applies to any direct loss from any cause for no more than 30 days while removed.

What is covered in Reasonable Repairs?

When the structure is damaged by an insured peril, the policy provides coverage within the limits to pay for temporary repairs until permanent repairs can be made. For example, the wind blows off a portion of a roof. The policy pays to install a temporary cover to protect the dwelling from additional damage.

"Insured" means what?

You and your residents of your household who are your relatives o other persons under age of 21; a student enrolled in school full-time who was a resident of your household before moving out to attend school, provided the student is under the age of 24 and your relative, or 21 and in your care; With respect to a "motor vehicle", it applies to someone using a lawnmower or equipment, or persons engaged in your employ with your consent.

What is Property Damage?

means physical damage to tangible property including loss of use.