definition of where the other structures can be located. The structures can be added on a blanket basis with the 049l or on a scheduled basis with the 0492 Home Business— Adds in coverage for both the Other Structure and HO 0590 Liability for a business conducted out of and other structure or in the dwelling. For the Other Structure a limit must be inserted on the endorsement. Section I Coverage C –Personal Property Personal Property is provided automatically on the Homeowners Policy for a percentage of the Dwelling Amount. Typically that percentage is 50%. There are several endorsement’s available to expand or restrict the coverage ENDORSEMENT EXPLANATION OFFERED ACCEPTED (Y/N) (Y/N) Increased Limits on Personal Sets a limit for personal property at another owned Property in Other Residences— residence and eliminates the 10% limit HO 04 50 automatically provided in the Homeowners Personal Property section Increased Limits on Business Increases the special limit of $2500 to $10,000. Personal Property— The limit for Business Personal Property off HO 04 12 premises is increased 10% of the declared limit Increased Special Limits of This endorsement is used to increase the sub-limits Liability— for most of property limited under the Special HO 04 65 Limits. Scheduled Personal Property— Used to schedule specific items of high value or HO 0461 items that were limited in dollar amount on the policy. The schedule is open perils and typically is not subject to a deductible for the individual items Scheduled Personal Property with Used to schedule specific items of high value or Agreed Value Loss Settlement— items that were limited in dollar amount on the policy. The schedule is open perils and typically is not subject to a deductible for the individual items. Owned Motorized Golf Cart Provides physical damage coverage for owned golf Physical Loss Coverage— cart HO 0528 Credit Card, Electronic Fund Increases the amount provided automatically in Transfer Card or Access Device, the Homeowners Policy Forgery & Counterfeit Money Coverage— HO 04 53 Identity Fraud Expense Coverage— The endorsement provides up to $15,000 for
definition of where the other structures can be located. The structures can be added on a blanket basis with the 049l or on a scheduled basis with the 0492 Home Business— HO 0590 Adds in coverage for both the Other Structure and Liability for a business conducted out of and other structure or in the dwelling. For the Other Structure a limit must be inserted on the endorsement. Section I Coverage C –Personal Property Personal Property is provided automatically on the Homeowners Policy for a percentage of the Dwelling Amount. Typically that percentage is 50%. There are several endorsement’s available to expand or restrict the coverage ENDORSEMENT EXPLANATION OFFERED (Y/N) ACCEPTED (Y/N) Increased Limits on Personal Property in Other Residences— HO 04 50 Sets a limit for personal property at another owned residence and eliminates the 10% limit automatically provided in the Homeowners Personal Property section Increased Limits on Business Personal Property— HO 04 12 Increases the special limit of $2500 to $10,000. The limit for Business Personal Property off premises is increased 10% of the declared limit Increased Special Limits of Liability— HO 04 65 This endorsement is used to increase the sub-limits for most of property limited under the Special Limits. Scheduled Personal Property— HO 0461 Used to schedule specific items of high value or items that were limited in dollar amount on the policy. The schedule is open perils and typically is not subject to a deductible for the individual items Scheduled Personal Property with Agreed Value Loss Used to schedule specific items of high value or items that were limited in dollar amount on the policy. The schedule is open perils and typically is not subject to a deductible for the individual items. Owned Motorized Golf Cart Physical Loss Coverage— HO 0528 Provides physical damage coverage for owned golf cart Credit Card, Electronic Fund Transfer Card or Access Device, Forgery & Counterfeit Money Coverage— HO 04 53 Increases the amount provided automatically in the Homeowners Policy Identity Fraud Expense Coverage— The endorsement provides up to $15,000 for Settlement—
Homeowners_Checklist.docx