HO HO HO! Merry Residential Policy Forms
This most common homeowner's policy form provides open peril coverage for the dwelling and named peril coverage for personal property.
What is HO-3 (Special Form)?
In the acronym COPE, this factor refers to the building materials and type of framing used in the structure.
What is Construction?
This natural disaster is almost universally excluded from standard residential and commercial property policies, requiring a separate policy often backed by the NFIP.
What is Flood?
In The Two-Sided Peril: A Wildfire Conflagration: Jamie Knippen, Sr. Product Manager for Cotality Wildfire Solutions, said that, of the two most notorious fires of the LA Fires, this one was more driven by conflagration risk, as opposed to a more equal split between conflagration and wildfire risk.
What is the Eaton Fire?
This is INTRConnect 2026's tagline, that highlights how we, as an industry, are breaking barriers in risk management.
What is "Intelligence Beyond Bounds?"
This policy form is used to insure the personal property and liability of someone who rents an apartment or home.
What is HO-4 (Contents Broad Form or Renter's Insurance)?
In the acronym COPE, this factor considers the type of business conducted in the building, like manufacturing, retail, or office.
What is Occupancy?
This form of precipitation consists of lumps of ice that can cause significant damage to roofs and siding, and its size is often compared to coins or sports balls.
What is Hail?
In Storm-Proofing the Books: Underwriting through Volatility, Tal Paschal, Senior Product Manager for Cotality's Severe Convective Storm Solutions, said that these, not changing intensity, frequency, or geogoraphy, of severe weather, are primarily driving record insured losses.
What are property characteristics? (Roof condition, age, type).
The city where IntrConnect was first hosted, which is also the location of the worst wildfire loss in U.S. history.
What is Los Angeles?
A specific underwriting requirement in high-hazard areas like the Gulf Coast and coastal regions that mandates the insured's deductible for this specific peril be expressed as a percentage of the dwelling limit.
What is a Wind/Hail Deductible (or Percentage Deductible)?
Under this COPE category underwriters evaluate factors like distance to fire departments and hydrants or if a building has fire suppression measures like alarms or sprinklers.
What is Protection (or P)?
This scale is used to rate the intensity of a tornado based on the observed damage it causes to structures, ranging from 0 (light damage) to 5 (incredible damage).
What is the Enhanced Fujita (EF) Scale?
In Rewind. Rethink. Reimagine: The Adoption of AI in Underwriting, Robert Gatewood, Cotality's Market Strategy Director, said Underwriter roles will change from Technicians to this with the advent of AI and ML in underwriting.
What are Strategists?
These are the four industry breakout groups that we are bringing together here at INTRConnect.
What are Underwriting, Claims, CAT Risk, and Restoration?
A homeowner's policy automatically covers damage to your dwelling based on this valuation method, which pays the cost to repair or replace without a deduction for depreciation.
What is Replacement Cost?
The "E" in COPE refers to this category of risk, which evaluates external hazards such as a neighboring chemical plant, a nearby forest fire zone, or the distance to a coast.
What is Exposure?
The term used by underwriters to define geographical areas where human development, particularly residential property, meets or intermingles with undeveloped, flammable wildland, creating high risk for catastrophic wildfires.
What is a Wildland-Urban Interface (WUI)?
In The Two-Sided Peril: A Wildfire Conflagration: Jon Schneyer, Cotality's Director of Research and Content said the Eaton and Palisades Fires combined caused this amount of insured losses.
What is 40 billion ($40bn)?
Collaboration and Connectivity, Totality, and Vitality inspired this major company change in 2025.
What is the Cotality rebranding?
This endorsement, critical in areas of high construction costs, can increase the limit of coverage on the dwelling beyond the limit shown on the declarations page, sometimes up to an additional 25% or more.
What is Extended Replacement Cost (or Guaranteed Replacement Cost)?
A building made of reinforced concrete that can withstand fire for at least 2 hours is classified as this highest-rated ISO Construction Class (Class 6).
What is Fire Resistive?
This is the primary cause of catastrophic loss in a coastal hurricane, involving the abnormal rise of ocean or sea water driven inland by the storm's winds.
What is Storm Surge?
In Navigating the NFIP: Underwriting in an Era of Uncertainty, Chay Halbert, Cotality's Principle of Public Policy and Industry Relations said that in 2019, the NFIP announced it would begin implementing this as a method for pricing flood insurance.
What is Risk Rating 2.0?
The city where INTRConnect 2027 will be hosted, where you will also find PetCo Park (the home of the Padres), the USS Midway Museum, and a very famous zoo.
What is San Diego?