Your Home Coverage Made Simple

Deductible

This is the amount of money you'll be required to pay for an eligible claim before your insurance plan starts to pay.
 

General Deductible - Applies to eligible claims that are not a direct result of wind or hail. Also known as "All Peril Deductible".

Wind or Hail Deductible - Applies to eligible claims that are the direct result of wind or hail damage.

This is the insurance that specifically covers your home and any secondary structures on your property. It does not include the coverage for your belongings or personal liability.

Rebuilding Cost - This is the estimate of how much it would cost to rebuild your home and any secondary structures on your property in the event of complete damage. Typically, your Coverage for Home (defined above) is determined by calculating your Rebuilding Cost (Note: Rebuilding cost is sometimes lower than the market value of your home, because it does not include the value of your land).
 

Extended Replacement Cost - This added protection increases your standard home coverage by an additional 25%-50% in case the cost of rebuilding your home, following damage, is higher than expected. This may occur, for example, when the price of local labor or materials rise, due to inflation or catastrophic events.

Depreciated Value (DV) - If something in your plan - like your roof or a personal belonging - is insured for its Depreciated Value (sometimes referred to as Actual Cash Value), any claims will be calculated by determining how much you originally paid for that item, how long you’ve owned it, and how much the item is worth today as a result of depreciation.

Replacement Cost (RC) - If something in your plan - like your roof or a personal belonging - is insured for its Replacement Cost, a covered claim would be reimbursed for the cost of replacing that item as of today, less your policy deductible.

Mine Subsidence Coverage - Earthquakes aren't the only underground disturbance that shake things up occasionally. Mines of all types, from limestone to clay, can cause mine subsidence or ground movement caused by a failure initiated by the mine.

Insurance for Roof Repairs - In the event of damage, your roof may either be insured for its Depreciated Value (based on its age) or its Replacement Cost (the cost of repairing or replacing it today). This valuation type is automatically determined based on the roof’s age and materials.
 

About your roof: Based on its age and materials, your roof will be insured for Depreciated Value.

Equipment Breakdown - Covers the cost of repair or replacement for pretty much everything in your home that uses electric power, in the event of electrical or mechanical breakdown. This includes your washer & dryer, HVAC equipment, kitchen appliances, water heaters, and even personal electronics like computers & TVs. This coverage protects up to $100,000 for home equipment up to 15 years old and the deductible is only $500, which is less than the standard deductible for other types of claims. The coverage is limited to $1,500 for equipment older than 15 years.

Service Lines - Covers up to $10,000 (subject to a $500 deductible) for homes up to 50 years old and up to $2,500 for homes more than 50 years old. Coverage includes excavation, repair, and damaged property costs in the case of a problem with the service lines (electric, sewer, etc.) that runs from your home to the street, whether caused by an accident or wear and tear.

This is the insurance that covers some of your personal property both inside and in certain instances, outside of your home. When claims are made for covered items, your insurance pays either the replacement value or depreciated value of the belongings, depending on your selected plan. The amount of coverage may vary depending on type of item, location of item (in vs. out of home) and the specific type of peril (e.g. fire damage).

Selected plans can provide Replacement Cost Coverage, which pays you what it would cost to purchase similar new items at current retail prices.
 

Other plan provides Actual Cash Value coverage, meaning, the depreciated value of your possessions at the time of the loss (not when you bought them).

This is the insurance that covers certain instances of bodily injury, personal injury (emotional or other non-physical damages), medical expenses, and property damage sustained by others for which you or your family members are legally responsible.

Please note: Most policies do not cover liability claims caused by dogs with prior bite history or by dogs that classify as any of the following breeds: Akita, Cane Corsos, Chow, Doberman, Pit Bull (or Pit Bull mix), Presa Canario, Rottweiler, Wolf Hybrid or Wolf Dog, Husky, German Shepherd, Alaskan Malamute and Great Dane (see your policy for details).

Domestic Workers - Protects you if a residence employee (such as a nanny, gardener or babysitter) is injured on your property.

Home Office - Covers home office equipment such as computers and printers for up to undefined.

Computers - Laptop & desktop computers and related storage devices covered up to $10,000.

Extra Water Backup - This doubles your standard water backup protection, covering up to $20,000 for damages caused by backup and overflow of water).

Mortgage Payment Protection - In the event that your home becomes uninhabitable, this coverage provides up to $1,500 a month, for up to 12 months, toward your mortgage payments 

Extra Jewelry & Watches - Increases coverage up to $5,000 for loss by theft of Jewelry, Watches, Furs, Precious and Semi-Precious Stones.