HOMEOWNERS PACKAGE POLICY
(Insurance Services Office HO-2000 program "open perils" form HO 03)
PRINCIPAL COVERAGES
| Fire & Lightning | Building glass breakage |
| Windstorm & Hail | Theft |
| Explosion | Falling objects |
| Vehicle or Aircraft damage | Collapse |
| Smoke | Bursting of plumbing or heating system |
| Vandalism | Freezing of plumbing or heating system |
Comprehensive Personal Liability
Medical payments to others hurt on the premises
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
metals,guns,boats,silverware
AMOUNTS OF COVERAGE
| Dwelling | should be its replacement cost | |
| Detached Structures | 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 | usually $1,000 |
DEDUCTIBLE CLAUSE:
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.