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HO3
Owner Occupied dwelling. The covered sections of this policy are:
- Coverage A – Dwelling: Building as described in the policy including additions permanently attached. Example: $200,000
- Coverage B – Other Structures: Minimum – Ten Percent (10%) of Coverage A for any detached structure on the premises. Example: $20,000
- Coverage C – Personal Property: Minimum 50% of Coverage A. Personal property covered on and off premises worldwide. Example: $100,000
- Coverage D – Loss of Use (Additional Living Expense): Minimum 20% of Coverage C. The necessary increase in living expense incurred by the insured in order to continue their normal standard of living following covered loss by an insured peril. Example: $40,000
- Coverage E – This coverage protects you against a claim or lawsuit resulting from bodily injury or property damage to others. The coverage applies to you and all family members who live with you.
- Coverage F – Medical Payments to Others: Reasonable medical expenses incurred on the insured premises or caused by activities of the insured under the policy without regard to fault.
