Dwelling ('02) Policy and Homeowners Policy

What does Coverage A — Dwelling include?

• Covers the main structure and attached fixtures.

• Covers personal property and belongings.

• Covers liability for injuries on the property.

• Covers additional living expenses during repairs.

What is covered under the Special Form (DP 00 03)?

• Open peril coverage for the dwelling and other structures; named peril for personal property.

• Only named peril coverage for the dwelling and other structures.

• Comprehensive coverage for all types of damages including wear and tear.

• Limited coverage excluding personal property.

What is the Limited Fungi, Wet or Dry Rot, or Bacteria (HO 04 26, HO 04 27) endorsement?

• Adds limited coverage for mold-related damage.

• Provides full coverage for all types of water damage.

• Excludes all types of fungi and bacteria damage.

• Covers only structural damage caused by rot.

What is the Broad Theft Coverage (DP 04 72) endorsement?

• Adds theft coverage for personal property on and off premises. Available only for owner-occupied dwellings.

• Provides coverage for theft of personal property only on the premises.

• Covers theft of personal property for any type of dwelling.

• Excludes coverage for personal property in rental units.

What does Coverage B — Other Structures include?

• Covers detached structures like sheds or garages.

• Covers personal property within the home.

• Covers liability for injuries on the property.

• Covers the main dwelling structure.

What is the HO-3 (Special Form) coverage?

• Open peril for dwelling/structures; named peril for personal property.

• Named peril for dwelling/structures; open peril for personal property.

• Open peril for both dwelling/structures and personal property.

• Named peril for both dwelling/structures and personal property.

What are some common exclusions in the HO forms?

• Losses from theft and vandalism

• Losses from earth movement, flood, neglect, war, nuclear hazard, intentional acts, and governmental action.

• Losses from fire and smoke damage

• Losses from personal liability claims

What is the HO-8 (Modified Coverage Form) coverage?

• For older homes; named peril with functional replacement cost.

• For new homes; all-risk coverage with market value.

• For commercial properties; broad form with actual cash value.

• For rental properties; basic form with replacement cost.

What is the Personal Property Replacement Cost (HO 04 90) endorsement?

• Changes Coverage C from ACV to replacement cost.

• Increases the liability coverage limits.

• Provides coverage for personal property off-premises.

• Excludes certain types of personal property from coverage.

What is the Dwelling Under Construction (DP 11 43) endorsement?

• Covers a dwelling being built. Coverage applies to materials and supplies at the construction site.

• Provides liability coverage for homeowners during renovations.

• Covers personal property in a dwelling that is being rented out.

• Offers protection against natural disasters for unfinished homes.