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Home Insurance
Homeowners insurance is designed to
provide coverage in the event of insured's house or its contents are
damaged or destroyed, or they are held liable (or sued) for an accident at
their residence or resulting from their activities while away from their
home. Typically, a homeowner's policy is broken down into two sections:
| Section I - Property
This provides coverage for the dwelling,
separate structures, and personal property on your premises, or anywhere
in the world except as excluded. Special limits are placed on certain
personal property based upon the type of policy you have chosen.
Property Coverages
Coverage A - Dwelling
- Provided for the residence
described in the declarations
- Includes any attached structures
such as a garage
- Based upon the placement costs
performed by the agent. Extended replacement costs (up to 125% of
Coverage A) available by endorsement.
- Coverage limits for B, C, and D
are based off a percentage of coverage A.
Coverage B - Separate Structures
- Structures detached from the
residence such as detached garages, swimming pools, sheds, and
fences.
Coverage C - Personal Property
- Personal property owned or used by
you is covered anywhere in the world.
- Personal property stored in the
house as well as property stored on premise or outdoors.
Optional Coverage Endorsements
- For many customers, basic coverage
for certain categories of personal property will not be sufficient
due to dollar limitations or limited coverage provisions in the
underlying policy.
- Additional coverage can be
purchased through endorsements to the underlying policy.
- Two types of endorsements are
offered: schedule and unscheduled.
- Wind/hail endorsement available
for tree removal.
Coverage D - Loss of Use
- If the home is unfit to live in as
a result of a covered loss coverage is provided for additional
living expenses or loss or rents (if part of the insured premises
is rented to others), or you must vacate the home at the request
of the authorities such as the fire department, this coverage
applies.
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| Section II - Liability
This provides coverage for you and your
family if you become legally obligated to pay for damages as a result of
bodily injury or property damage. Coverage includes medical payments to
guests who are injured at your location.
Liability Coverages
Coverage E - Personal Liability
- Coverages provided, up to the
policy limits, for damages you are legally obligated due to your
involvement in an an accident to which this coverage applies.
- Includes expenses to defend a
covered claim or lawsuit.
Coverage F - Medical Expenses to
Others
- Does not apply to injuries
sustained by residents of your premises.
- Pays for necessary medical
expenses incurred as a result of accident at your location, caused
by your personal activities or by an animal owned by you.
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