State Your Claim (State Specifics)
In the Lone Star State (TX), if a claim starts to feel shaky, you’ve got just 15 days to send this type of letter to keep coverage options open. What is it?
What is a Reservation of Rights letter?
This endorsement swoops in like a superhero to remove the Water Damage exclusion for sump failure and off-premises sewer backup. What is it?
What is the HomeShield package?
Loss of use coverage swoops in to save the day, paying for hotel stays, meals, and more when your home is uninhabitable. What is this superhero-sounding benefit?
What is Additional Living Expenses (ALE)?
This named peril requires that property contained within a build that are damaged by rain should first have direct damage to an exterior wall or roof by this peril and this rain enters through that damaged portion of the dwelling.
What is the Windstorm peril?
In Texas, this document must be completed every time you issue an indemnity payment. What is it?
What is the TX PPOC?
In the Golden State (CA), this crucial letter must be sent out as soon as possible to start claims off on the right foot. What is it?
What is the First Contact Letter?
This endorsement upgrades contents coverage from named perils to open perils on homeowner policies. Talk about an upgrade! What is it?
What is Special Personal Property Coverage?
Loss of use coverage isn’t forever—this is the standard period most policies cover ALE after a loss. What is it?
What is the shortest time required to repair or replace the premises or permanently settle your household elsewhere?
An HO4 policy protects your belongings, but this party is responsible for insuring the building itself. Who is it?
What is the property manager or homeowner?
After completing a recorded statement on a theft claim, this is the first thing you should do. What is it?
What is call material parties like the property manager or police department?
In Florida, HO4 policies don’t hold anything back! For contents claims, we are prohibited from withholding this from payment. What is it?
What is depreciation?
For your most prized possessions, this endorsement ensures you won’t pay a deductible. What is it?
What is Scheduled Personal Property coverage?
This is the documentation you must provide to get reimbursed for meals, hotel stays, and other ALE expenses. What are they?
What are itemized receipts or invoices?
When your rented space becomes unlivable, this HO4 benefit steps in to help with the extra costs. What is it?
What is Loss of Use?
This file note, which sounds like a strategic plan, should be added to the claim after major steps like inspections or payments. What is it?
What is a Claim Summary Action Plan (CSAP)?
Georgia may be peachy, but it also comes with this built-in coverage for a certain household invader. What is it?
What is fungi or mold coverage?
This endorsement reimburses a deductible if you owe it—but only under one specific coverage. What is it?
What is the PHA Endorsement and Coverage Z?
ALE covers extra costs to maintain this standard of living that you enjoyed before the loss. What is it?
What is your pre-loss standard of living?
Your HO4 policy protects you from lawsuits if you accidentally cause this type of bodily injury or property damage to someone else. What is it?
What is third-party liability?
The guidelines for QA and client approval of contents vendor estimates are found in this handy guide. What is it?
What is the TPA Vendor Best Practices Guide?
In North Carolina, loss of use coverage applies only when your home meets this grim standard. Also, contents are replaced based on this value method. What are these two?
What is 'not fit to live in' and 'actual cash value'?
Everything is bigger in Texas, including this homeowner policy form, which is unique to the state. What is it?
What is an HOB policy?
This often-overlooked expense can be covered by ALE if your home was damaged by a particularly large water loss and remediation/mitigation is require. What is it?
Your roommate wants coverage under your policy, but they need this added status to be protected. What is it?
What is an additional insured or named insured?
This vendor handles peer reviewing contents cleaning, packouts, and water mitigation estimates—starting at claims of this minimum value.
What is SMBR and $3,000?