Property Insurance Coverage
|POLICY FORMS AVAILABLE & PERILS INSURED AGAINST:||BROAD||SPECIAL|
|Fire; Lightning; Internal Explosion||YES||YES|
|Extended Coverage (Windstorm; Hail; Explosion; Riot or Civil Commotion; Aircraft; Vehicles; Smoke; Volcanic Eruption)||YES||YES|
|Vandalism or Malicious Mischief||YES||YES|
|Burglars; Falling Objects; Weight of Ice, Snow or
Sleet; Accidental Discharge of Water or Steam;
Sudden Cracking of a Steam or Hot Water
Heating System; Freezing; Sudden Damage
from Artificial Electric Currents
|Additional Perils with Certain Exceptions
(Coverage A only)
COVERAGE B – Other Structures
Coverage A is present
10% of Coverage A (Does not reduce the Cov. A limit available for the same loss)
COVERAGE C – Personal Property
Limit of Liability listed on Declarations Page (ranging from 50%-75% on Cov.A depending on company, Form and Endorsements. (Does not reduce the Cov. A limit available for the same loss)
COVERAGE D – Loss of Use / Additional Living Expense
20% of Coverage A limit (Does Not reduce the Cov. A limit available for the same loss)
The Special Form covers all the causes of loss not specifically excluded in the policy. Common exclusions on Special Form policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism and war.
The Broad Form requires the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion and theft. Commercial Property policies are similar but include coverages specific to commercial risks.
Have questions? Please call us at 610-867-6869 or click here to submit the online form and we will be glad to assist you.