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COC2
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Coverage A - Dwelling
- includes 1 to 4-family dwelling where the named insured resides in at least one of the units
- coverage does not apply to land
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Coverage B - Other Structures
- applies to structures on the residence that are not attached and separated by clear space
- automatic limit of 10% of Coverage A
- 3 important exclusions: (1) rented to non-resident (except private garage), (2) from which business is conducted, (3) used to stored business property (except if solely owned by resident if it's not gas or liquid fuel)
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Coverage C - Personal Property
- applies to items that the insured owns or uses, regardless of location
- also applies to items owned by others while on property
- standard limit is 50% of Coverage A
- no endorsement is needed to increase limit
- max of 10% of Coverage C limit or $1,000 is applicable to property located at another location
- restriction doesn't apply to moving - instead get 30 days coverage at both locations
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Coverage C - Special Sublimits
- all perils: money, gift cards ($200), securities, stamps ($1,500), watercraft ($1,500), trailers ($1,500)
- business: on residence ($2,500), away ($1,500)
- theft only: jewelry and fur ($1,500), firearms ($2,500), silverware ($2,500)
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HO - Property not covered
- insured elsewhere
- animals
- motor vehicles that are registered (unlike wheelchair or lawnmower)
- aircraft / hovercraft
- unrelated roomers and boarders
- property of renters / rented or held for rental
- business data and drawings
- credit cards
- water or steam (like in swimming pool)
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Coverage D - Loss of Use
- only applies if loss is covered under Section I
- automatic limit of 30%
- no endorsement required to increase limit
- additional living expense: maintain normal standard of living
- fair rental value: if part of residence is rented
- loss of use due to civil authority: maximum of 2 weeks
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HO Section I Additional Coverages
- debris removal: addl 5%
- reasonable repairs: no limit increase
- trees, shrubs, plants: $500 by plant up to 5% of Coverage A, independent of covered loss
- fire dpt service charge: $500, conditional on threat of peril, no deductible
- property removed: no addl limit, threat of peril
- credit card: addl $500 + defense cost
- loss assessment: addl $1,000
- collapse
- glass or safety glazing material
- landlord's furnishings
- ordinance or law: addl 10%, covered loss must have occured
- grave markers: no addl limit
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