HOMEOWNER
Studs in policy only
What is an HO6 (condo) policy?
Original equipment manufactured parts
What is OEM?
Extension of liability sold in million dollar increments that blankets over homes, autos, watercrafts
What is an Umbrella policy?
Coverage when water escapes, overflows or discharges from a sump pump or other similar system designed to remove water that is drained from the foundation area
What is Water Backup?
Covers veterinary expenses or provides a death benefit if your cat or dog is injured or dies in a collision
What is a Pet Endorsement?
Covers attorney costs, regardless if you wins or loses, for all policies covered under the umbrella
What is Legal Defense Coverage?
Condo community experiences a loss that exceeds what is covered by the homeowners’ association commercial policy, the association may impose a fee or assessment to cover the balance
What is Loss Assessment?
Coverage for policyholders who use their personal vehicle to drive for transportation network companies (TNC) such as Uber and Lyft
What is Ride Sharing Coverage?
Covers costs related to bodily injury and property damage that exceed a customer’s auto and/or homeowners liability limits
What is Bodily Injury and Property Damage Coverage?
Covers specific jewelry, fine arts, and collections
What is Valuable Article coverage?
Covers you for roadside assistance, emergency expenses (such as lodging), and transportation expenses (such as taxi/uber fares)
What is Emergency Assistance?
Coverage when the customer rents a watercraft or RV on vacation
What is Specialty Vehicles Coverage?
Coverage for exterior communications, compressed air, drainage, electrical power, heating, waste disposal and water
What is a Service Line Endorsement?
coverage if a total loss occurs, insurance will pay in cash, the actual cash value of the same make, model and equipment of a vehicle one model year newer than the covered vehicle
What is GAP coverage?
Coverage if someone sues after being injured by a customer who is protecting themselves or their property
What is Personal Defense coverage?