|
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. |
|
