Additional Info

Home Insurance - Coverage Descriptions

A. Dwelling

This coverage includes the physical structure or dwelling up to the limit shown on your policy. This does not include detached structures, i.e. swimming pools, driveways, fences, sheds, or other structures not attached to the dwelling. This coverage should equal the replacement cost to rebuild a new home in the event of a total loss. This includes materials and labor and is generally derived by the average cost to rebuild a home in your specific location. NOTE: Land value is not included in the valuation of replacement cost on your dwelling. General Perils include: Theft, Fire, Lightening, Windstorm, Snow, Hail, Rain and Smoke, Vehicle and Aircraft Damage, Vandalism and Malicious Mischief. Please refer to your policy for a complete list of covered perils and excluded perils.

B. Other Structures

This coverage includes those structures on the property, which are not attached to the dwelling, up to the limit shown on your policy. These include swimming pools, driveways, fences, sheds, etc. General Perils include: Theft, Fire, Lightening, Windstorm, Snow, Hail, Rain and Smoke, Vehicle and Aircraft Damage, Vandalism and Malicious Mischief. Please refer to your policy for a complete list of covered perils and excluded perils.

C. Personal Property

This coverage includes the personal belongings owned by you and located on the residence premises, up to the limit shown on your policy. It includes all real property i.e. appliances, furniture, clothing, artwork, silverware, dinnerware, cookware, audio-visual equipment, lawn care equipment, books, and many other items. General Perils include: Theft, Fire, Lightening, Windstorm, Snow, Hail, Rain and Smoke, Vehicle and Aircraft Damage, Vandalism and Malicious Mischief. Please refer to your policy for a complete list of covered perils and excluded perils.

D. Additional Living Expenses

This provides coverage for additional costs you incur due to your home being uninhabitable in the event of a covered loss. This includes housing costs, increased meal costs, increased laundry costs, etc. For example if your home was not safe to reside in due to damage by a fire, this coverage provides funds for a rental home or apartment during the repairs. This coverage generally ranges from 20% to 40% of your dwelling coverage.  

E. Comprehensive Personal Liability

Your homeowners policy will cover liability claims, up to the limit shown on your policy, when you are legally obligated. These claims result from injury or negligence on or off the insured property.  Additional coverage may be available for an additional premium.  If liability coverage beyond the limits available is desired, you may choose to obtain a separate Personal Umbrella policy. An umbrella policy will pick up the liability limits after your auto or homeowner policy is exhausted, up to the limit chosen.  These policies can be as low as $150 a year for $1 million dollars in coverage.  The prices and coverages available vary based on your individual circumstances.

F. Medical Payments to Others

Your policy will cover medical payments, up to the limit shown on your policy, to individuals/guests injured as a result of an accident on your property or due to your negligence. Coverage is not provided for family members living within the household. Additional coverage may be available for an additional premium.

G. Deductibles

The deductible is the co-insurance amount you pay towards a settled claim. When the Company disburses the final check of a claim, it is decreased by the deductible amount shown on your policy. Deductibles can be increased, resulting in a premium savings, or lowered, resulting in an additional premium charge. Deductibles may be different for certain perils depending on the location of your property. In coastal locations where windstorm is a threat, the company may require a higher windstorm deductible.

Homeowners Insurance Coverages may be increased for an additional premium.

Optional Policies

Earthquake
Flood Personal Articles Floater (PAF)
Umbrella
Windstorm