Home Insurance Coverages

Property Coverage

• Coverage is provided for your home, attached structures and separate structures like a detached garage
• Coverage is for almost all types of damage except common exclusions such as wear and tear, earth movement, earthquake and flood
• Separate structures are covered at a minimum of 10 percent of the replacement value of your home.  Coverage can be increased by endorsement
• Extended Replacement Cost (up to 125 percent of dwelling coverage) is available
• Replacement cost is the basis for all other property-related coverages

Personal Property

• Coverage is based upon a percentage of the replacement cost value of your home
• Property is covered anywhere in the world
• Coverage is on a named-peril basis, meaning only losses resulting from reasons listed in the policy are covered
• Content Replacement Cost (available by endorsement) extends coverage to include the cost of repair or replacement without the deduction for depreciation

Personal Liability

• Pays for bodily injury or property damage to others, if you are liable, resulting from - use of your home, unintentional acts committed by you or qualified family members, the acts of your pets
• Association Loss Assessment Coverage (Townhouse and Condominiums only)
• Includes costs to defend claims and/or lawsuits

Loss of Use

• Covers additional living expenses if your home is unfit to live in due to a covered loss
• Coverage based upon percentage of replacement cost value of your home
• Includes loss of rental income if a portion of the house is rented to others

Medical Expenses to Others

• Coverage for medical payments for people other than residents of your household injured at your home, regardless of liability

Optional Coverage (Floaters)

• Extended coverage for certain categories of personal property
• Increased monetary limitations and broadened coverage provisions (all risk)
• Scheduled and Unscheduled coverage available
• Additional premium required