HO Policy Endorsemnts; NC Amendatry HO Endorsemnts.
*Refrigerated Prop Coverage HO4-98 (Section 1 Endorsement):
-$100 deductible. -$500 MAX 4 prop stored in freezers/fridges on rez premises 4 direct loss from: --interruption of electrical srvice 2 refrigeration unit, --mechanical failure of fridge (applies only if refrigeration unit was maintained properly immediately b4 the loss).
The exclusion also limits the following:
-$2,500 = coverage on persnal prop used on rez premises 4 the home day care biz. -$1,500=coverage on prop away from premises used 4 the home day care biz. -this doesn't extend 2 services provided 4 the care of relatives of insured.
*Water Back-up & Sump Discharge/Overflow HO4-84 (Section 1 Endorsement):
-$5,000 MAX 4 water that backs up thru sewers/drains & overflows from a sump. -$250 deductible per occurrence.
*Special Provisions HO-32-32 (4 THEFT ONLY):
-THEFT OF FIREARMS= 10% of Cov C; $10,000 MAX; -Theft of silverware...pewterware= 25% of Cov C; $10,000 MAX; -suit Against Us (the insurer)=bring suit w/in 3YRS of the date of loss; -FUNGI = $5,000 MAX.
*Absolute Windstorm/Hail Exclusion HO-32-94 (Section 1 Endorsement):
-added by insurance company & windstorm/hail are excluded on all HO Forms. -used in areas where windstorm/hail is frequent (coastal areas).
*Scheduld Persnal Prop Persnal Articles Floater HO4-61 (Sectn 1 Endorsement):
-additional premium, the insurer covers classes of personl prop indicated by an amount of insurance. -thru this, the value of each item is listed; if there was a loss, the value of each item is paid.
*Watercraft HO-24-75 (Section 2 Endorsement):
-additional premium. -Cov E/F covers BI/PD from the use of a boat (more than 25hp)/sailboat (26FT or more).
*Persnal Prop RC HO4-90 (Section 1 Endorsement):
-covers persnal prop (household appliances/furniture). -prop is covered on RC basis. -this increases Cov C to 70% (HO2/3/5/8).
*Biz Pursuits HO24-71 (Section 2 Endorsemnt):
-extends Section2 2 biz pursuits of the insured (liability).
*Persnal Injury HO-32-82 (Section 2 Endorsement; excludes coverage 4 sexual harassment claims): -this changes the definition of BI 2 PI from the following acts:
-false arrest, detention/imprisonment, -malicious prosecution, -libel/slander/defamation of character, -invasion of privacy, -wrongful eviction/entry.
*Permitted Incidental Occupancies HO4-42 (Section 1/2 Endorsement):
-if insured owns/oper8s an incidental biz (small biz office/studio on residence premises), prop/liability losses from that biz are covered.
-the endorsement doesn't incl the following:
-vessels used 4 racing/any similar competition, -using the vessel as a taxi/rental boat, -coverage 2 the insured's emp 4 the operation/maintenance of the vessel.
*Home Day Care Biz-Liability Exclusions/Limited Prop Coverage (HO 32 96):
If an insured provides home day care services 2 persons 4 pay/other compensation, the policy considers this 2 b a biz & doesn't provide: --section 1-Cov B if appurtenant structures are used 4 biz purposes, & --section 2-Liability.
HO POLICY ENDORSEMENTS (ElectIve):
The following are commonly used ELECTVIE HO Policy Endorsements:
NC AMENDATORY/MANDATORY HO's ENDORSEMENTS:
The following are the 2 mandatory endorsements that change the policy lang required on all HO Forms issued in NC:
