Personal Lines Insurance

• What are the main types of HO policies available?

  • HO-3 Special is the most popular for owner-occupied homes
    • provides coverage on your Dwelling for all perils (minus exclusions) and protects Personal Property from specific named perils
  • HO-4 Contents Broad is specifically designed for renters 
    • only covers the tenants Personal Property for specific named perils
  • HO-5 Comprehensive is the most comprehensive homeowner's form
    • both the Dwelling and Personal Property are covered against all perils (minus exclusions)
  • HO-6 Condominium Unit Owners is designed for owner's of condiminiums or coops
    • the Dwelling and Personal Property are covered for specific named perils

• What is covered under a typical Homeowner's policy?

  • Dwelling: the dwelling itself, attached structures, materials and supplies
  • Other Structures: structures at the same location separated by a clear space or only a fence (pool, detached garage, shed, etc.)
  • Personal Property: protects personal property of family members anywhere in the world and property of others while it is at your residence
  • Loss of Use: pays for additional living expenses up to your standard of living or far rental value if your residence becomes uninhabitable
  • Personal Liability: protects against bodily injury or property damage caused to others for which the insured is legally liable
  • Medical Payments to Others: pays for necessary medical expenses for guests or visitors who are injured while on the insured’s property regardless of fault (no-fault protection)

Automobiles and Other Vehicles

• What is covered under a typical Personal Auto Policy (PAP)?

  • Bodily injury and property damage arising from an accident for which the insured is legally responsible 
  • Medical and funeral expenses of the insured and their passengers caused by an accident, regardless of fault, for up to 3 years
  • Uninsured Motorist (UM) provides protection for bodily injuries to an insured due to an accident with a vehicle that does not carry the required liability insurance limits
  • Underinsured Motorist (UIM) provides coverage for bodily injury damage caused by a motorist with insufficient coverage by paying the difference between the insured’s UIM limits and the at-fault driver’s limits
  • Collision (Physical Damage) coverage protects your vehicle in the event it collides with or is impacted by another vehicle or object
  • Other than Collision (OTC) coverage pays for damage to a covered auto due to fire, theft, falling objects, windstorm, hail, flood and other covered perils

• Who qualifies as an insured under each section on a PAP?

  • Liability (Property Damage and Bodily Injury)
    • any person using an insured's covered auto with permission
    • named insured or any family member in any automobile or trailer
  • Medical Payments
    • named insured & family members when occupying or struck by any vehicle 
    • any other person while occupying your covered vehicle
  • UM/UIM
    • named insured or any family member 
    • any other person while occupying your covered vehicle​​