Insurance Homeowners Policy Document Set

Insurance Homeowners Policy Document Set

Declarations — Named Insured and Property

Property Location:

Policy Period: From to at 12:01 a.m. standard time at the residence premises.

Policy Type and Coverages

Select policy form(s) provided:

Coverage Limits and Financials

Insuring Agreement and Definitions

Insuring Agreement: Subject to the terms, conditions, exclusions and endorsements of this policy, the insurer agrees to pay for direct physical loss to property described in Coverage A, B and C caused by a peril insured against during the Policy Period. This policy is a contract of indemnity, not a contract of valuation, except where otherwise expressly provided.

Definitions: Wherever used in this policy, "you" and "your" mean the named insured shown in the Declarations; "we", "us" and "our" mean the insurer; "insured location" means the residence premises stated in this policy; "occurrence" means an accident or event, including continuous or repeated exposure to substantially the same general harmful conditions, which results in loss.

Coverages — Options and Extensions

Select optional coverages and extensions included in this policy (check applicable boxes and specify limits if required).

Exclusions

This policy does not cover loss caused directly or indirectly by: wear and tear, deterioration, mechanical breakdown, latent defect, earth movement (including landslide and sinkhole) unless an earthquake/earth movement endorsement is attached, flood or surface water unless separate flood coverage is provided, nuclear hazard, war, intentional acts by the insured, or loss resulting from criminal acts by an insured.

Conditions — Duties After Loss and Other Provisions

Duties After Loss: In the event of loss, you must: give prompt notice to us; protect the property from further damage; prepare an inventory of damaged personal property; exhibit damaged property as reasonably required; submit to examination under oath and cooperate in the investigation and settlement of a claim. Failure to comply may result in denial of coverage to the extent such failure prejudices our rights.

Appraisal and Loss Settlement: If we and you fail to agree on the amount of loss, either may demand appraisal. The appraisal award is binding as to the amount of loss but not as to coverage issues. Loss settlement shall be as provided by the applicable coverage form and endorsements attached to this policy.

Mortgagee / Loss Payable

Loss Payable Clause: Loss, if any, shall be payable to the mortgagee as their interest may appear. The mortgagee shall have the right to receive loss payment even if the mortgagee has commenced foreclosure or similar action against the insured. The mortgagee must notify us of changes in ownership or occupancy.

Beneficiary Designation (for return of premium or policy proceeds)

Beneficiary information is collected only for disbursement of policy proceeds or return premium where applicable under the policy terms. Designation does not override rights of mortgagee or other lawful claimants.

Endorsements and Optional Notices

The following endorsements, if indicated below, form part of this policy and alter coverage as specified in each endorsement form.

Claims Reporting and Documentation

In the event of a loss, you must notify the insurer promptly and provide a signed, sworn proof of loss upon request. Provide date of loss, description of damage, and estimated amount of loss.

Declaration and Certification by Named Insured

I hereby declare that the information provided in this policy document set is true and complete to the best of my knowledge. I acknowledge that fraudulent statements or material misrepresentations may result in denial of coverage and rescission of the policy. I authorize the insurer to obtain information necessary to underwrite and service this policy, including verifying stated values and prior loss history where permitted by law.

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