PDF《Insuring Your Home》

50 percent of the dwelling limit (Coverage A), but you may be able to purchase more coverage. Generally, Personal Property coverage pays the Actual Cash Value (ACV) of the damaged item unless you have purchased a replacement cost coverage endorsement. Actual Cash Value means the value of the item as it is now, considering its age and condition. ? Coverage D C Loss of Use If a covered peril, such as a fire, forces you to live elsewhere temporarily, this coverage provides assistance for additional living costs beyond what you would normally pay, including reasonable hotel costs and additional expenses for meals or laundry. It is important that you maintain receipts and documentation of the additional expenses for your insurance company to review. Loss of Use coverage is usually limited to

20 percent of Coverage A CDwelling. ? Coverage E CPersonal Liability This coverage provides protection if you or a family member residing in your household is legally responsible for injuries sustained by someone who visits your home. Coverage is provided for legal defense as well as liability. There are certain exclusions to this coverage and the policy has a limited dollar value for liability, such as $100,000 or $500,000. ? Coverage F CMedical Payments to Others This coverage provides limited amounts for payment of medical bills for others if they are hurt on your property and in some circumstances, sustain an injury caused by you away from your home. It does not cover you or any relative living with you. Coverage is generally limited to $1,000 per person but additional limits may be purchased. Additional Coverages Your homeowners policy provides additional coverages including: ? Credit Card Coverage Personal property coverage extends to credit cards. Most policies will pay up to $500 to cover the unauthorized use of your credit cards. ? Debris Removal The policy covers the expense of having debris left as a result of a covered loss removed from the premises. For example, the policy would pay for the removal of burned materials after a fire. The limit for this coverage is part of the overall property damage limit. ? Trees, Plants and Shrubs For damages as a result of fire, lightning, explosion, vandalism, riot, and falling aircraft;

trees, plants and shrubs around the house are usually covered for up to

5 percent of the insurance on the house, up to $500 per item. However, in the event of damage to your trees as a result of a windstorm or hurricane, coverage is provided for removal of damaged trees up to $1,000 per event with

2 no more than $500 for any one tree or shrub. You may also wish to consider buying additional protection through coverage endorsements. Endorsements make changes to the original terms of your policy. Here are some common endorsements that may be beneficial: ? Personal Property Replacement Cost: This endorsement extends replacement cost coverage rather than Actual Cash Value for personal possessions. An example of how this can benefit you is explained in the section Actual Cash Value and Replacement Cost. ? Scheduled Personal Property Endorsement: Your policy generally only provides limited coverage for furs, jewelry, silver, and certain other valuables. You can usually purchase additional coverage, or schedule these items, for added premium. Your insurance company may require recent appraisals of the items you wish to schedule individually on your policy. ? Sewer Backup or Sump Pump Overflow C Some limited coverage may be available separately as an additional endorsement. Ask your agent or company if they provide this coverage, which is usually limited to $5,000. This is an important endorsement to consider since downed power lines in a storm may cause sump pumps to stop working, resulting in damage. Common Exclusions All homeowners policies include a list of exclusions, or things the policy will not cover. It is important to be familiar with the exclusions itemized in your policy. Homeowners policies exclude water damage caused by flood. The National Flood Insurance Program (NFIP) provides flood coverage to residents of designated communities that comply with the federal guidelines for flood prevention. You do not have to live in a flood zone to obtain flood insurance, but you do have to live in a community that participates in the National Flood Insurance Program. Your agent or insurance company can help you in applying for flood insurance. For more information about the federal flood insurance program, call 888-379-9531 or visit www.floodsmart.gov