HOMEOWNERS PACKAGE POLICY
(Insurance Services Office HO-2000 program "open perils"
form HO 03)
|Fire & Lightning
||Building glass breakage
|Windstorm & Hail
|Vehicle or Aircraft damage
||Bursting of plumbing or heating system
||Freezing of plumbing or heating system
Any other risk of physical damage to building
not specifically excluded
Comprehensive Personal Liability
Medical payments to others hurt on the
PRINCIPAL EXCLUSIONS & LIMITATIONS
Excluded:Flood, earthquake, insect or
animal damage, wear and tear, deterioration, pollution
Limited: Escaped Fuel, Upgrades required by changes in building codes
PERSONAL PROPERTY SUBJECT TO LIMITS includes
Furs,jewelry,cash,coins and stamps,precious
AMOUNTS OF COVERAGE
|should be its replacement cost
|up to 10% of dwelling amount
|Household furniture and personal property
|usually 50% -70% of dwelling amount
|Loss of Use
|up to 30% of dwelling amount
|Comprehensive personal liability
||usually $300,000 or $500,000
|Medical payments to others
Pays only for losses in excess of amount selected.
($100,$250,$500,$1000 and $2500)
WIND DEDUCTIBLE (in coastal areas) Usually 2% of dwelling amount.
May range from 1% to 5%, depending on company and proximity to
coast. Some companies have Hurricane or Named Storm
deductibles which do not apply to other types of wind losses.
Information contained in this proposal is intended to
provide you with a brief overview of the coverages provided
for reference purposes only. It is not intended to provide you
with all policy exclusions, limitations and conditions. The
precise coverage afforded is subject to the terms, conditions,
and exclusions of the policies issued.