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Property and Causalty (Dwelling Policy (Exclusions (Ordinance or Law…

- - - - Perils insured against: Fire; Lighting; Internal Explosion
        
        *Optional/ Extended Coverage/ Endorsement: Wind; Hail; Aircraft; Riot; Vehicles; Volcanic Eruption; Explosion; Smoke; VMM*
      - Cov. A = ACV = Limit of Liability
      - Cov. B = ACV = %10 of Cov.A
      - Cov. C = ACV = Insured choice
      - Cov. D = none = %20 of Cov. A
      - Cov. E = none = none
    - - Perils insured against: DP -1 perils; EC perils; VMM ; Burglar Damage; Falling Objects; Weight of Snow or Ice; Accidental Discharge; Accidental Cracking, Tearing, and Burning; Artifical Electric Current
      - Cov. A = RC = limit of liablity
      - Cov. B = RC = %10 of Cov. A
      - Cov. C = ACV = Insured's choice
      - Cov. D = none = %20 of Cov. A
      - Cov. E = none = %20 of Cov. A
    - - Perils insured against: Open for Coverage A and B (except exclusions); Coverage C has DP - 2 perils
      - Cov. A = RC = Limit of Liablity
      - Cov. B = RC = %10 of Cov. A
      - Cov. C = ACV = Insured's choice
      - Cov. D = none = %20 of Cov. A
      - Cov. E = none = %20 of Cov A
  - - - Dwellings include buildings meant for residential purposes and attached structures. Equipment used to service the location. No land coverage.
      - Limit is chosen when applied for and represents replacement value.
    - - Onsite structures separated from dwelling (like pool). Structure cannot be for commercial, manufacturing, or farming reasons.
      - Limit is up to %10 of Cov. A and comes automatically in all dwelling forms. Is additional insurance on DP - 2 and 3.
    - - Covers household and personal stuff owned by the insured or family members while onsite but not tenant personal property. Items are covered in the process of moving in less than 30 days.
      - Property not covered: accounts, bank notes, currency; animals; air/watercraft; motor vehicles; data; computers; bank cards; paper records.
      - Limit of %10 can be use anywhere around the world for insured peril.
    - - Pays for fair rental costs if rental unit is unfit for normal use for the shortest time needed but only 2 weeks if it is a civil authority prevention. Lease cancellation is not covered.
      - Limit is up to %20 of Cov. A and is automatically added in all dwelling forms. In DP - 2 and 3 it is additional insurance.
    - - Automatically included in only forms DP - 2 and 3, not 1. Coverage pays necessary increases in living expenses when rental unit becomes uninhabitable. It is meant to maintain the normal standard of living.
      - Limit is %20 of Cov. A and is additional insurance. Example costs would be motel room, boarding pets, eating out.
    - - Debris Removal
        
        Pays for removal costs if the property is damaged by insured peril and is also included in the limit of insurance that applies.
      - Improvements, Alterations, Additions
        
        If the insured is a tenant, s/he can use up to %10 of Cov. C for a loss on improvements etc. made at his/her expense. This is additional insurance for Dp - 2 and 3
      - World-Wide Cov.
        
        Pay up to %10 of Cov. C for property loss anywhere in the world. Does not apply to guests or servants and is included in Cov. C limit of liability.
      - Reasonable Repairs
        
        Coverage is available for any expense to take necessary measures to further protect already damaged property.
      - Property Removed
        
        Under DP - 1 a direct loss is covered for 5 days if the property is being removed for protection. It is 30 days for DP - 2 and 3. Does not increase the limit of insurance.
      - Trees, Shrub, and Other Plants
        
        DP - 2 and 3 forms offer protection for foliage but not DP - 1 although damage from wind; hail; the weight of snow, ice or sleet; and loss of theft are not covered at all. The limit is up to %5 of Cov. A with a max of $500 for any one plant. This is additional coverage.
      - Fire Department Service Charge
        
        Coverage is for only an assisting fire department, not one furnishing the response. This is additional insurance and the deductible does not apply.
      - Collapse
        
        Coverage if a collapse happens in a building that cannot be occupied. For DP - 2 and 3 the cause must be some of the Cov. C perils or decay; insect damage; during remodeling or construction. Coverage does not increase the limit of insurance and is NOT provided in DP - 1.
      - Glass or Safety Glazing Material
        
        With DP - 2 and 3 breakages of glass is covered if it is part of a literal covered building. Loss due to earth movement is covered. It will be settled with a replacement value method. This doesn't increase the limit of insurance and is not in DP - 1.
      - Ordinance or Law
        
        (Only DP - 2 and 3) If insured is a tenant up to %10 of the limit of Cov. A can be used and up to %10 of the limit of insurance can apply to improvements etc. when the law requires a building/structure to be redone. Some or all of limit of insurance can be used for debris removal. This is additional insurance.
  - - - increased cost due to da law
    - - earthquake, land shocks, etc. except if fire and explosion is direct loss then it is covered
    - - e.g. flood unless direct loss from fire or explosion
    - - if failure occurs offsite
    - - self-explanatory
    - - except fire as a direct cause
    - - insured or additional insured had intent to cause a loss
    - - bad acts or decisions such as defective building planning or failure to act
  - - - A Pro Rata (proportional) increase to Cov. A and B limits of insurance by the percentage shown on the endorsement. are applied annually. (used to offset inflation)
    - - For tenants, this endorsement is called "Limited Theft Coverage" and is only onsite coverage. Covers for perils of theft, attempted theft, and vmm. Offsite coverage is only for insured owned property.
    - - Dwellings under construction are not occupied and, when this endorsement is added, the named insured agrees to advise the insurer when construction is completed. The limit of liability for Cov. A is provisional and is based on the building's value upon completion. The limit of insurance in place before completion is a percentage of Cov. A limit that equals the actual value bears to the value on the date of completion. The insured must notify the insurer to obtain consent to occupy the dwelling and adjust the premium.
    - - Provides Coverage L - Personal Liability and Cov. - M Medical Payments to Others. Applies to claims made against the insured for damages and also for a defense. The limit of liability is stated in the declarations. An injury must be due to insured fault or onsite. Additional cov. is available for claim expenses, first aid expenses, and damage of property to others.
- - - - Cov. A Dwelling
      - Cov. B Other Structures
      - Cov. C Personal Property
      - Cov. D Loss of Use
    - - Debris Removal
      - Reasonable Repairs
      - Trees, Shrubs, and Plants
      - Fire Department Service Charge
      - Property Removed
      - Credit Cards, EFT Card, Forgery, Counterfeit Money
    - - Ordinance or Law
      - Earth Movement
      - Water Damage
      - Power Failure
      - Neglect
      - War
      - Nuclear Hazard
      - Intentional Loss
      - Governmental Action
    - - Mobile Home Insurance
      - Other Structures on the Residence Premises -Increased Limits
      - Water Back Up and Sump Discharge or Overflow
      - Personal Property Replacement Cost Loss Settlement
      - Scheduled Personal Property Endorsement
      - Earthquake Endorsement
      - Limited Fungi, Wet or Dry Rot, or Bacteria Cov.
      - Permitted Incidental Occupancies
      - Identity Theft Expense
  - - - Cov. E Personal Liability
      - Cov. F Medical Payments to Others
    - - Claim Expenses (Supplementary Payments)
      - First- Aid Expenses
      - Damages to Property of Others
      - Loss Assessment
    - - To section 2 entirely
        
        Motor Vehicle Liability
        
        Aircraft Liaility
        
        Hovercraft Liability
      - To Cov. E and F
        
        Expected or intended injury
        
        Injury from business related actions
        
        Injury when failing to render professional services
        
        Not on insured site
        
        Injury due to war
        
        Injury from communicable disease transmitted by insured
        
        Injury due to mental/sexual abuse
        
        Injury due controlled substance
      - Only to Cov. E - personal libability
        
        For any Loss Assessment unless provided by Additional Cov.
        
        Under any contract entered into by insured
        
        Property damage the insured owns
        
        Property damage to property rented to etc.
      - Only to Cov. F - Medical Payments to Others