| OPTIONAL FORMS AND COVERAGES AVAILABLE BY ENDORSEMENT | TYPES OF FIRE COVERAGE AVAILABLE |
| Homeowners Insurance Program | Policy Forms |
| ML – 41.......................Additional Insured-Residence Premises | DP – 1 Building and Contents Actual Cash Value |
| HO3542.......................Office; Professional, Private
School, or Studio Occupancy –
Described location | |
| ML – 48.......................Related Private Structures –
Increased Limits | Form 2 Building Replacement and Repair Cost |
| HO2584.......................Automatic Adjustment of Limits
(2%, 4%, or 6% available) | Form 3 Building Replacement Cost |
| HO1509.........................Repair Cost Loss Settlement Terms | Form 6 Building Replacement Cost |
| MBHOW25.................Water Damage $2,500 | |
| MBHOW50.................Water Damage $5,000 | Form 2 Contents Actual Cash Value |
| | Form 3 Contents Actual Cash Value |
| Dwelling Insurance Program | Form 6 Contents Actual Cash Value |
| DP – 7041........................Additional Interests – Described Location | |
| DP1143........................Dwelling Under Construction | Form 4 Contents Only Actual Cash Value |
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| Commercial Insurance Program | |
| CP – 0132......................Loss Payable Options | |
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| FIRE LOSS SETTLEMENT DEFINITIONS |
| ACTUAL CASH VALUE - Provides for settlement of losses based on the condition or value of the damaged or destroyed property at the time of loss. The Aamount will be determined by a review of relevant factors such as but not limited to market value, assessed value, capitalized value, and depreciation caused by physical wear and tera and/or obsolescense. |
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| REPLACEMENT COST - Provides for settlement of losses with materials of like kind and quality without deduction for depreciation if repairs are completed. | |
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| REPAIR COST - Provides for settlement of losses with materials of like kind and quality without deduction for depreciation or, with conventional material and construction methods which are currently available without extra ordinary expense. | |
| COMPARISON OF RESIDENTIAL COVERAGES |
| ***NOTE: POLICY COVERAGES CONTAINED IN THIS BROCHURE HAVE BEEN CONDENSED; FOR ACTUAL COVERAGE CONSULT YOUR POLICY |
| | FIRE | HOMEOWNERS |
| | DP-1* | Form-2 | Form-3 | Form-4 | Form-6** |
| 1 | Fire, lightning, windstorm, hail, riot, civil commotion, aircraft. | Yes | Yes | Yes | Yes | Yes |
| 2 | Explosion, other than steam boiler. | Yes | Yes | Yes | Yes | Yes |
| 3 | Explosion,of steam boiler. | No | Yes | Yes | Yes | Yes |
| 4 | Bursting of steam of hot water appliances and heating system. | No | Yes | Yes | Yes | Yes |
| 5 | Damage by vehicles | | | | | |
| a) Building | Yes | Yes | Yes | No | Yes |
| b) Fences, driveways or walks | Yes (except by vehicle owned/operated by you or an occupant) | Yes (except by vehicle owned/operated by you or an occupant) | Yes | No | Yes (except by vehicle owned/operated by you or an occupant) |
| c) Trees, shrubs, plants, lawns | Yes (except by vehicle owned/operated by you or an occupant) | Yes (except by vehicle owned/operated by you or an occupant) | Yes | Yes (except by vehicle owned/operated by you or an occupant) | Yes (except by vehicle owned/operated by you or an occupant) |
| 6 | Smoke | | | | | |
| (a) Heating or cooking unit | Yes | Yes | Yes | Yes | Yes |
| (b) Commercial Operations | No | No | No | No | No |
| 7 | Vandalism/Malicious Mischief | Yes (except vacant 60 days in a row prior to loss) | Yes (except vacant 60 days in a row prior to loss) | Yes (except vacant 60 days in a row prior to loss) | Yes (except vacant 60 days in a row prior to loss) | Yes (except vacant 60 days in a row prior to loss) |
| 8 | Water | | | | | |
| (a) Flood, surface water | No | No | No | No | No |
| (b) Back-up sewers or drains | No | No | No | No | No |
| (c) Leaking from plumbing, heating or air conditioning system | No | Yes (with exceptions) | Yes (with exceptions) | Yes (with exceptions) | Yes (with exceptions) |
| (d) Rain through faulty roof, windows or doors | No | No | No | No | No |
| (e) Freezing of plumbing and heating systems | No | Yes (if heat is maintained and the system is drained) | Yes (if heat is maintained and the system is drained) | Yes (if heat is maintained and the system is drained) | Yes (if heat is maintained and the system is drained) |
| 9 | Falling Objects | No | Yes | Yes | Yes | Yes |
| 10 | Weight of Ice/Snow | No | Yes (with exceptions) | Yes (with exceptions) | Yes (with exceptions) | Yes (with exceptions) |
| 11 | Wind damage to trees and removal | No (except for perils insured against with limits) | No (except for perils insured against with limits) | No (except for perils insured against with limits) | No (except for perils insured against with limits) | No (except for perils insured against with limits) |
| 12 | Collapse of building (see additional coverage) | No | Yes (with exceptions) | Yes (with exceptions) | Yes (with exceptions) | Yes (with exceptions) |
| 13 | Landslide, mudslide | No | No | No | No | No |
| 14 | Earthquake | No | No | No | No | No |
| 15 | Damage by animals to building or content | No | No | No | No | No |
| 16 | Glass Breakage (optional peril - Vandalism) | No | Yes (except vacant 60 days in a row prior to loss) | Yes (except vacant 60 days in a row prior to loss) | Yes (except vacant 60 days in a row prior to loss) | Yes (except vacant 60 days in a row prior to loss) |
| 17 | Power Surge (on premises) - electrical appliances | No | Yes | Yes | Yes | Yes |
| 18 | Theft | | | | | |
| (a) Building Materials | No | Yes (except if under construction and prior to occupancy) | Yes (except if under construction and prior to occupancy) | Yes (except if under construction and prior to occupancy) | Yes (except if under construction and prior to occupancy) |
| (b) Personal property | No | Yes | Yes | Yes | Yes |
| (c) From unattended auto off premises | No | Yes | Yes | Yes | Yes |
| (d) Specials limits unscheduled jewelry and furs | No | Yes (see policy for applicable limits for loss by theft) | Yes (see policy for applicable limits for loss by theft) | Yes (see policy for applicable limits for loss by theft) | Yes (see policy for applicable limits for loss by theft) |
| 19 | Refrigerated Property | No | Yes (limit $500 per occurence) | Yes (limit $500 per occurence) | Yes (limit $500 per occurence) | Yes (limit $500 per occurence) |
| 20 | Volcanic eruption | Yes | Yes | Yes | Yes | Yes |
| 21 | Credit card, forgery and counterfeit currency losses | No | Yes (limit of $1500 per occurrence) | Yes (limit of $1500 per occurrence) | Yes (limit of $1500 per occurrence) | Yes (limit of $1500 per occurrence) |
| 22 | Loss deductibles | Yes ($250 up to $2,500) | Yes ($100 up to $5000) | Yes ($100 up to $5000) | Yes ($100 up to $5000) | Yes ($100 up to $5000) |
| 23 | Liability - Bodily injury and property damage | No | Yes (on occurrence basis with $100,000 to $300,000 coverage) | Yes (on occurrence basis with $100,000 to $300,000 coverage) | Yes (on occurrence basis with $100,000 to $300,000 coverage) | Yes (on occurrence basis with $100,000 to $300,000 coverage) |
| 24 | Medical payments | No | Yes (per person $1,000 & per accident $25,000) | Yes (per person $1,000 & per accident $25,000) | Yes (per person $1,000 & per accident $25,000) | Yes (per person $1,000 & per accident $25,000) |
| 25 | Liability coverage off premises for owned recreational motor vehicles | No | No (except as provided under liability incidental coverage) | No (except as provided under liability incidental coverage) | No (except as provided under liability incidental coverage) | No (except as provided under liability incidental coverage) |
| 26 | Damage to property of others | No | Yes (limit of $1000 per occurrence) | Yes (limit of $1000 per occurrence) | Yes (limit of $1000 per occurrence) | Yes (limit of $1000 per occurrence) |
| | *Coverages will depend on the purchase of Extended Coverages and Optional Perils. | | | | **Compare with Condo Bylaws |