Coverage | HO-3 Policy | HE7/21 Policy |
Replacement cost coverage on dwelling (cost to rebuild back to pre-loss condition) | Optional for an additional charge, 125%-150% cap | Guaranteed (full) replacement cost coverage |
Replacement cost coverage on contents (no depreciation taken) | Optional for an additional charge | Included |
Contents-covered perils | Named perils | All risk |
Law & Ordinance | Caps at 10% of coverage on dwelling | Caps at amount of coverage on dwelling |
Primary mortgage expense | Not Available | Pays the first mortgage payment while the residence premises is not fit to live in due to a covered loss, for up to 12 months/payments; part of Loss of Use coverage. |
Watercraft | $1500 | $2500 |
Trailers | $1500 | $3500 |
Money sublimit | $200 | $1000 |
Securities sublimit | $1500 | $5500 |
Business personal property, on premises | $2500 | $5000 |
Business personal property, away from premises | $500 | $1500 |
Credit card/fund transfer card forgery | $500 | $5000 |
Jewelry sublimit | $1500 (theft only) | $5500 (theft, misplacing or losing, $1500 per item limit) |
Firearms sublimit | $10,000 (theft only) | $10,000 (theft, misplacing or losing) |
Silverware sublimit | $10,000 (theft only) | $10,.000 (theft, misplacing or losing) |
Land coverage | Not available | Pays up to $10,000 to replace, stabilize, or rebuild the land necessary to support the dwelling or other structure as a result of a covered loss. This is additional insurance and no deductible applies. |
Water back-up of sewers or drains | Optional for additional charge | Automatic coverage for up to $20,000; optional for up to policy limit at $25 charge |
Loss assessment | $1000 | $5000 |
Personal injury | Optional for an additional charge | Included |
Lock replacement | Not available | $500 (if keys are stolen) |
Debris (tree) removal | $1000 for any one occurrence, regardless of the number of fallen trees | $2000 for any one occurrence with a $1000 limit per tree |
Reward coverage | Not available | $2500 leading to the arrest and conviction of the person committing the crime, resulting in a loss and $5000 for the return of stolen covered property. This coverage is additional insurance. |
Witness expense | Not available | $250/day loss of earnings and $50/day expenses up to a max of $3000 to appear as a witness in court to prosecute person charged with committing a crime against insured’s property resulting in a covered loss. This is additional insurance and no deductible applies. |
Directors & officers coverage | Not available | Affords liability coverage up to policy limits when an insured acts in the capacity of an unpaid director or officer of a not-for-profit corporation or organization. |
Deductible waived on losses exceeding $50,000 | Not available | Included |
Property in vault coverage | Not available | Provides a single maximum limit of $50,000 for loss to or theft of silverware, jewelry, and/or securities in any one occurrence when such property is in a safe deposit box stored in a bank vault. |
Trees, shrubs, other plants coverage | $500 per plant limit | $1000 per plant limit |
Fire department service charge | $500 | $1000 |
Power interruption coverage | Not available | Provides for loss of use for up to 7 days beginning after the first 2 days of loss of use. |
Business pursuits of minors | Not available | Limit of liability applies to insured minors involved in occasional or part-time, self-employed business pursuits normally undertaken by minors. |