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OPTIONAL FORMS AND COVERAGES AVAILABLE BY ENDORSEMENTTYPES OF FIRE COVERAGE AVAILABLE
Homeowners Insurance ProgramPolicy Forms
ML – 41.......................Additional Insured-Residence PremisesFL – 1   Building and Contents    Actual Cash Value
HO3542.......................Office; Professional, Private School, or Studio Occupancy – Described location
ML – 48.......................Related Private Structures – Increased LimitsForm 2   Building   Replacement Cost
HO2584.......................Automatic Adjustment of Limits (2%, 4%, or 6% available)Form 3   Building   Repair Cost
HO159.........................Repair Cost Loss Settlement TermsForm 6   Building   Actual Cash Value
MBHOW25.................Water Damage $2,500
MBHOW50.................Water Damage $5,000Form 2   Contents   Actual Cash Value
 Form 3   Contents   Actual Cash Value
Dwelling Insurance ProgramForm 6   Contents   Actual Cash Value
FL – 41........................Additional Interests – Described Location
DP1143........................Dwelling Under ConstructionForm 4   Contents Only   Actual Cash Value
  
Commercial Insurance Program
CP – 132......................Loss Payable Options
  
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.
REPLACEMENT COST - Provides for settlement of losses with materials of like kind and quality without deduction for depreciation if repairs are completed.
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
FIREHOMEOWNERS
FL-1Form-2Form-3Form-4Form-6
1Fire, lightning, windstorm, hail, riot, civil commotion, aircraft.YesYesYesYesYes
2Explosion, other than steam boiler.YesYesYesYesYes
3Explosion,of steam boiler.YesYesYesYesYes
4Bursting of steam of hot water appliances and heating system.NoYesYesYesYes
5Damage by vehicles
a) BuildingYesYesYesNoYes
b) Fences, drivewaysYes except by vehicle owned/operated by you or an occupantYesYesNoYes except by vehicle owned/operated by you or an occupant
c) Trees, shrubs, plants, lawnsYes except by vehicle owned/operated by you or an occupantYes except by vehicle owned/operated by you or an occupantYesNoYes except by vehicle owned/operated by you or an occupant
6Smoke
(a) Heating or cooking unitYesYesYesYesNo
(b) Commercial OperationsNoNoNoNoNo
7Vandalism/Malicious MischiefYes (30 days)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)
8Water
(a) Flood, surface waterNoNoNoNoNo
(b) Back-up sewers or drainsNoNoNoNoNo
(c) Leaking from plumbing, heating or air conditioning systemNoYes (Except loss to system itself)Yes (Except loss to system itself)Yes (Except loss to system itself)Yes (Except loss to system itself)
(d) Rain through faulty roof, windows or doorsNoNoNoNoNo
(e) Freezing of plumbing and heating systemsNoYes (Except while vacant or unoccupied and proper heat not maintained or system not drained.)Yes (Except while vacant or unoccupied and proper heat not maintained or system not drained.)Yes (Except while vacant or unoccupied and proper heat not maintained or system not drained.)Yes (Except while vacant or unoccupied and proper heat not maintained or system not drained.)
9Falling ObjectsNoYesYesYesYes
10Weight of Ice/SnowNoYesYesYesYes
11Wind damage to trees and removalNoNoNoNoNo
12Collapse of building (see additional coverage)NoYesYesYesYes
13Landslide, mudslideNoNoNoNoNo
14EarthquakeNoNoNoNoNo
15Damage by animals to building or contentNoNoNoNoNo
16Glass Breakage (optional peril - Vandalism)YesYes (Except vacant 60 days in a row prior to lossYes (Except vacant 60 days in a row prior to lossYes (Except vacant 60 days in a row prior to lossYes (Except vacant 60 days in a row prior to loss
17Sudden Accidental Injury to electrical appliancesNoYesYesYesYes
18Theft
(a) Building MaterialsNoYes (Except when dwelling is under construction & prior to occupancy)Yes (Except when dwelling is under construction & prior to occupancy)Yes (Except when dwelling is under construction & prior to occupancy)Yes (Except when dwelling is under construction & prior to occupancy)
(b) Personal propertyNoYesYesYesYes
(c) From unattended auto off premisesNoYesYesYesYes
(d) Specials limits unscheduled jewelry and fursNoYes (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)
19Refrigerated PropertyNoYes (Limit $500 per occurence)Yes (Limit $500 per occurence)Yes (Limit $500 per occurence)Yes (Limit $500 per occurence)
20Volcanic eruptionNoYesYesYesYes
21Credit card, forgery and counterfeit currency lossesNoYes (Limit of $1500 per occurrence)Yes (Limit of $1500 per occurrence)Yes (Limit of $1500 per occurrence)Yes (Limit of $1500 per occurrence)
22Loss deductiblesNoYes($100 up to $5000)Yes($100 up to $5000)Yes($100 up to $5000)Yes($100 up to $5000)
23Bodily injury and property damage claimsNoYes (On occurrence basis $100,000 coverage, can be increased for additional premium) Yes (On occurrence basis $100,000 coverage, can be increased for additional premium) Yes (On occurrence basis $100,000 coverage, can be increased for additional premium) Yes (On occurrence basis $100,000 coverage, can be increased for additional premium)
24Medical paymentsNoYes (Per accident, $1,000 per person, $25,000 per accident)Yes (Per accident, $1,000 per person, $25,000 per accident)Yes (Per accident, $1,000 per person, $25,000 per accident)Yes (Per accident, $1,000 per person, $25,000 per accident)
25Liability coverage off premises for owned recreational motor vehiclesNoNo (Except golf cart while being used for golfing purpose)No (Except golf cart while being used for golfing purpose)No (Except golf cart while being used for golfing purpose)No (Except golf cart while being used for golfing purpose)
26Damage to property of othersNoYes (Limit of $1000 per occurrence)Yes (Limit of $1000 per occurrence)Yes (Limit of $1000 per occurrence)Yes (Limit of $1000 per occurrence)