|
Comparison of Coverages Under
Homeowners Program |
| |
HO-1 |
HO-2 |
HO-3 |
HO-4 |
HO-5 |
HO-6 |
HO-8 |
| Loss settlement Dwelling (Cov A) |
RC* |
RC* |
RC* |
N/A |
RC* |
RC* |
ACV** |
| Loss settlement Personal
Property |
ACV** |
ACV** |
ACV** |
ACV** |
RC* |
ACV** |
ACV** |
| Fire, lightning, windstorm,
hail, riot, civil commotion, aircraft, explosion |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Bursting of steam or hot water
appliances and heating systems |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
| Damage by vehicles:
Building |
Yes, except by occupant of premises |
Yes |
Yes |
N/A |
Yes |
Yes |
Yes, except by occupant of premises |
| Smoke:
(a) Fireplace
(b) Heating or cooking unit |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
|
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| |
HO-1 |
HO-2 |
HO-3 |
HO-4 |
HO-5 |
HO-6 |
HO-8 |
| Vandalism or malicious mischief |
Yes, except if vacant over 30 days |
Yes, except dwg loss if vacant over 30 days |
Yes |
Yes, except dwg loss if vacant over 30 days |
Yes |
Yes, except if vacant over 30 days |
| Water: Flood, surface water |
No |
No |
No |
No |
No, except personal property off premises |
No |
No |
| Water: Backup of sewers, drains |
No |
No |
No |
No |
No |
No |
| Water: Leaking from plumbing,
heating or air conditioning system |
No |
Yes, except loss to involved system itself |
No |
| Water: Rain through faulty roof,
windows, doors |
No |
No |
Yes, dwelling only |
No |
Yes |
No |
No |
| |
HO-1 |
HO-2 |
HO-3 |
HO-4 |
HO-5 |
HO-6 |
HO-8 |
| Water: Freezing of plumbing and
heating systems |
No |
Yes, except while vacant or unoccupied and proper
heat not maintained or system not drained |
No |
| Falling object, including trees |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
| Weight of ice, snow, sleet |
No |
Yes |
Yes |
Yes |
Yes |
Yes, to property inside building |
No |
| Collapse of building |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
| Sudden, accidental injury to
electrical appliances |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
| Theft: Building Materials |
Yes, except when dwelling is under construction and
prior to occupancy. |
Yes, to $1000 |
| Theft: Personal Property |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes, to $1000 |
| |
HO-1 |
HO-2 |
HO-3 |
HO-4 |
HO-5 |
HO-6 |
HO-8 |
| Theft: From unattended auto off
premises |
No |
No, unless by forced entry: available by endorsement |
No |
Theft: "Mysterious
Disappearance"
(from known place when theft is likely) |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes, to $1000 |
|
RC * = Replacement cost is
the cost to repair or replace covered property. Replacement
cost on contents may be purchased at additional cost for all
forms except HO-8. HO-2 and HO3 may be endorsed to provide
actual cost value on the dwelling instead of replacement
cost. |
|
ACV *
* = Actual cash value is calculated as the amount it would
cost to repair or replace covered property, at the time of
loss or damage, with material of like kind and quality,
subject to a deduction for deterioration, depreciation and
obsolescence. Actual cash value applies to valuation of
covered property regardless of whether that property has
sustained partial or total loss or damage. |
|
The
actual cash value of the lost or damaged property may be
significantly less than its replacement cost. |
| Maximum liability
coverage is $100,000 for HO1 and HO8, $300,000 for HO2-ACV,
$500,000 for other forms. |
|