Homeowners Including Condo Owners and Renters Coverage
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Homeowners Including Condo Owners and Renters Coverage Berkshire Hathaway GUARD’s Homeowners insurance products offered through Omega Insurance Solutions provide the traditional property and liability coverages needed by homeowners to protect their residence, assets, and overall way of life. With a variety of optional Add-On’s and a unique Personal Property Plus Endorsement Package, coverage can be extended and limits increased — all at an affordable price. Together with the financial stability that comes from selecting a member of the Berkshire Hathaway Group (one of the strongest in the world), the result is truly a customized and secure home insurance solution that provides peace of mind for your clients. Policies Homeowners HO 02, 03, 05 Designed for owners/occupants of one- to four-family dwellings, including townhouses and row homes. Purchaser occupants, life estate arrangements, seasonal dwellings, and homes under construction will be considered. Renters - HO 04 Designed for tenants (non-owners) of a dwelling, cooperative unit, or a building containing an apartment not otherwise eligible for Homeowners insurance. Condo Unit Owners - HO 06 Designed for owners of a condominium or cooperative unit. Special Circumstances In addition to standard exposures, we aim to provide a bridge for real-life situations in which the lines between business and personal insurance needs are not so neatly drawn. We will consider Homeowners coverage for: ! Residences owned by business entities such as LLCs or corporations ! Dwellings held for rent ! Home-sharing services (e.g., Airbnb) ! Residences where certain incidental business activities occur (See our chart on page 2 for perils insured against with each form.) Savings Since we recognize that not all homeowners are the same, we offer a wide range of credits for risks with the following characteristics: newly purchased home (with copy of buyer’s inspection report) new construction or recently renovated dwelling approved and properly maintained protective devices in place (burglar alarm, fire alarm, automatic sprinkler, water sensors) Workers’ Compensation, Businessowner’s Policy, or Commercial Auto Policy with Berkshire Hathaway GUARD* For your convenience, comparative pricing another Homeowners Policy with Berkshire Hathaway GUARD isis availableavailable viavia EZLynx Personal Umbrella Policy purchased with Berkshire Hathaway GUARD or PL RatingTMTM ââ fromfrom VertaforeVertafore! ! Agency Auto Bundle (Personal Auto Policy with submitting agency) A substantial discount (60% savings on most coverages!) is also available to customers who select our Personal Property Plus Endorsement Package that features our most popular coverage upgrades. Read more on page 3. *Not available in NY. Berkshire Hathaway Insurance GUARD Companies Section I: Included/available with policy. Basic Property Coverages Limits Coverage A - Dwelling***--------------------------------------- > $75,000 * Coverage B - Other Structures** -------------------------------- 10% of Coverage A (one/two family); 5% (three/four family) * Coverage C - Personal Property--------------------------------- 50% of Coverage A (one/two family); 30% (three family); 25% (four family); $20,000 - $1 million (HO 04, HO 06) * At Other Residences or Self-Storage Facility -------------- 10% of Coverage C or $1,000 * Special Limits µ UP TO $100,000 PER ARTICLE WITH SCHEDULED PERSONAL PROPERTY ADD-ON! Antennas, tapes, wires, etc. ------------------------------- $250 Business property------------------------------------------- $2,500 on premises *(up to $10,000); 60% off premises Firearms and related equipment --------------------------- $2,500 (loss by theft) *(up to $15,000) *Not exceeding Jewelry, watches, furs, etc. -------------------------------- $1,500 (loss by theft) *(up to $15,000) $2,000 for any Money, bank notes, bullion, gold, etc.--------------------- $200 *(up to $1,000) one article on a Portable electronic equipment ----------------------------- $1,500 *(up to $6,000) Blanket Basis. Securities, accounts, deeds, etc. -------------------------- $1,500 *(up to $3,000) Silverware, goldware, etc.---------------------------------- $2,500 (loss by theft) *(up to $10,000) Trailers and semi-trailers ----------------------------------- $1,500 Watercrafts-------------------------------------------------- $1,500 Coverage D - Loss of Use --------------------------------------- 30% of Coverage A (HO 02, 03, 05); 30% of Coverage C (HO 04); 50% of Coverage C (HO 06) * Additional Property Coverages Limits Credit Card, Electronic Fund Transfer Card or Access Device, Forgery and Counterfeit Money--------------------------------- $500 *(up to $10,000) Debris Removal-------------------------------------------------- Included in Section I; $500 for any one fallen tree up to $1,000 per loss Fire Department Service Charge ------------------------------- $500 Glass or Safety Glazing Material-------------------------------- Included in Section I Grave Markers --------------------------------------------------- $5,000 Landlord’s Furnishings ------------------------------------------ $2,500 *(up to $10,000 per apartment) Loss Assessment ------------------------------------------------ $1,000 *(up to $50,000) Ordinance or Law------------------------------------------------ 10% of Coverage A *(up to 100%); (other options available for HO 04, HO 06) Trees, Shrubs and Other Plants--------------------------------- Up to 5% of Coverage A; $500 for any one tree, shrub, plant or lawn HO 02 HO 03 HO 05 HO 04 HO 06 All Perils Perils Insured Against Named Perils (except related All Perils Named Perils Named Perils to contents) Fire or lightning X X X Windstorm or hail, explosion, riot or civil commotion, XXX aircraft, vehicles or smoke Vandalism or malicious mischief X X X Theft X X X Special Special Volcanic eruption X X X Coverages (A,B); Coverages Falling objects, weight of ice, snow or sleet, accidental Named Peril (C ) (A,B,C) discharge or overflow of water or steam, sudden and accidental tearing apart of a heating system or appliance for XXX heating water, freezing, sudden and accidental damage from artificially generated electrical current Special Special May be included if unit is not rented Additional risks with certain exceptions Coverages Coverages orsublettoanotherorusedfor (A,B,D) (A,B,C,D) home-sharing activities Deductibles A standard property deductible of $500 applies to loss from all Section I perils. Optional lower deductibles and variable higher amounts from $1,000 to $10,000 based on policy form and coverage type are available as well as deductibles for theft and windstorm or hail are also featured. *Negotiable coverage terms and/or a change in limits can be elected and may impact the policy’s final estimated premium. **NOT applicable to HO 04 (Renters) or HO 06 (Condo Unit Owners). ***For HO 02,03, 05,Building Loss Settlement Options are available on a replacement cost, modified functional replacement cost, actual cash value, or special basis. Section II: Included/available with policy. Basic Liability Coverages Limits Coverage E - Personal Liability ------------------------------------ $100,000 per occurrence *(up to $500,000) Coverage F - Medical Payments to Others------------------------- $1,000 per person *(up to $5,000) (Limits can also be increased via our Personal Umbrella policy.) Additional Liability Coverages Limits Claim Expenses-------------------------------------------------- Included in Coverage E; up to $250 per day for loss of earnings for lawsuit involvement Damage to Property of Others---------------------------------- $1,000 per occurrence *(up to $50,000) Loss Assessment ------------------------------------------------ $1,000 Add-Ons In addition to the property and liability coverages built into our coverage, a variety of Add-Ons can be incorporated. Many are listed below with others available. Some exceptions may apply. Coverage Limits EXPAND Business Entity ------------------------------------------------- *Included in Section II limits YOUR Business Pursuits ---------------------------------------------- *Included in Section II limits See Underwriting Guidelines. CLIENT Dwelling Rental Activities Coverage ------------------------ *Included in Section I and II limits BASE! Permitted Incidental Occupancies -------------------------- *Included in Section I and II limits See Underwriting Guidelines. Also available: Additional Insured------------------------------------------------ *Included in Section I and II limits Additional Insured - Student Living Away----------------------- *Up to $500,000 Coverage E, up to $5,000 Coverage F Assisted Living Care Coverage----------------------------------- *$10,000 Coverage C; $6,000 additional living expense ($500 per month); $100,000 Coverage E Broadened Home-Sharing Host Activities Coverage------------ *$5,000/$10,000/$25,000/$50,000 Earthquake -------------------------------------------------------- *Included in Section I limits (subject to Earthquake deductible) Extended Theft Coverage for Residence Premises Occasionally Rented to Others --------------------------------- *Coverage C limits Foundation Coverage (TX only) --------------------------------- *Up to 15% Coverage A (HO 03, HO 06) Home Day Care Coverage --------------------------------------- *Included in Section I and II limits Home Systems Protections -------------------------------------- *$50,000 Identity Fraud ---------------------------------------------------- *$25,000 Incidental Low Power Recreational Motor