Pisco_Ssour
11-11-2004, 03:39 AM
[Note: this answer is based on the Insurance Services Office's HO-3 policy.]Coverage A and B cover your dwelling and other structures on the premises on an "all risks" basis up to the policy limits.
You set the limit for Coverage A when you buy the policy. The Coverage B limit is usually equal to 10% of the policy limit on Coverage A. Coverage C covers losses to your personal property on a "named perils" basis, which means you're covered for all the perils specifically named on your policy. The policy limit on Coverage C is equal to 50% of the policy limit on Coverage A. Coverage D covers extra expenses you may incur when the residence can't be used because of an insured loss. The policy limit for Coverage D is equal to 20% of the policy limit on Coverage A. You choose the Coverage E - personal liability - limit when you buy the policy. The limit on Coverage F - medical payments to others - is usually set at $1000 per injured person
You set the limit for Coverage A when you buy the policy. The Coverage B limit is usually equal to 10% of the policy limit on Coverage A. Coverage C covers losses to your personal property on a "named perils" basis, which means you're covered for all the perils specifically named on your policy. The policy limit on Coverage C is equal to 50% of the policy limit on Coverage A. Coverage D covers extra expenses you may incur when the residence can't be used because of an insured loss. The policy limit for Coverage D is equal to 20% of the policy limit on Coverage A. You choose the Coverage E - personal liability - limit when you buy the policy. The limit on Coverage F - medical payments to others - is usually set at $1000 per injured person