| A | B |
|---|
| Cover A | the dwelling/ owner occupied |
| Cover B | other structures |
| elaborate on other structures of Cover B | attached structures, 10% of Cover A. |
| Not covered in cover B | water/sleet/ snpw damage. Additional limits possible |
| Cover C | Unschedule personal property anywhere in the world. |
| elaborate on Cover C | 50% of cover A; covers property which hasbeen borrowed, or for children away at college. |
| Cover C and second residence | less coverage available |
| Form used for Cover C and basis for coverage | Broad form perils; covered on ACV basis |
| Cover D | loss of use |
| elaborate on Cover D los of use | additional living expenses above and beyond what you currently spend; 30% of cover A |
| Additional Coverages Available | Debris removal, Trees/shrubs/plants, Fire department, Credit card forgery, property removed, glass breakage, landlord's furnishings Ordiance/law, grave markers |
| Elaborate on Trees/shrubs/Plants | no coverage for windstorm, nomore than 5% of cover A |
| elaborate on fire dept | $500 |
| elaborate on credit card forgery | $500 |
| elaborate on property removed | 30 days |
| elaborate on glass breakage | no coverage if vacant for less than 60 days |
| elaorate on landlord's furnishings | 25K for furnishings except theft in rental apt |
| elaborate on grave markers | $5k or ACV |
| Excluded (On Open Peril Form the HO-5 *(7 items) | Earth Movement, Sewer/sump pump, power failure, war, mold/fungus/deterioration/neglects |
| Basis for personal property reimbursement | on actual cash value basis, cover A and B on replacement cost |
| Pair and Set clause (2 items) | (1)actual cash value difference before and after the incident;(2) take posession of the remainder of set and replace set with like kind and quality |
| Mortgage clause (3 items) | when the mortgage complany has insurable interesed and notified if (1) if insured fails to pay premium, (2) if the insured fails to submit the proof of loss and (3) if the insurer cancels or non renews |
| Elaborate on mortgage clause when a covered loss is paid | payment is proportionally divided between mortgagee and mortgagor |
| Proof of loss | after initial notice is givento insturer, within 60 of carrier response |
| Elaborate of list of 8 items regarding proof of loss | 1. Time and date of Loss; 2.Additional insutance applicable to loss 3. inventoryof items 4. repair damage estimates 5. reasonable expense receipts.6. liens on the property 7. changes in the title 8. insurable interest in the property |
