HO Endorsements

Question 1

Earthquake Endorsement

Answer 1

additional charge
covers all earthquake shocks within 72-hr period
deductible stated as % of Cov. A/C limit

Question 2

Inflation Guard Endorsement

Answer 2

automatically raises limit for Cov. A, B, C, and D at periodic intervals
- not widely used today

Question 3

Personal Property Replacement Cost Endorsement

Answer 3

provides that policy will reimburse losses to personal property on replacement cost basis

Question 4

Scheduled Personal Property Endorsement

Answer 4

provides scheduled coverage for items such as jewelry, furs, musical instruments, etc.
- not subject to deductible

Question 5

Ordinance or Law Endorsement

Answer 5

covers additional loss from any ordinance/law regarding construction, repair, or demo

Question 6

Sinkhole Endorsement

Answer 6

covers actual PD caused by sudden settlement or collapse of earth supporting insd property

Question 7

Condo Endorsements

Answer 7

used to provide unit owners with open peril for Cov. A
provides unit owners with special coverage for Cov. C
covers personal property of unit owners while rented to others

Question 8

Sewer Backup Endorsement

Answer 8

provides up to $5000 for losses caused by water backed up through sewers or drains or which overflow from sump pump
$250 deductible

Question 9

Home Business Endorsement

Answer 9

provides both business property and liability coverage for variety of home businesses
- includes coverage for accounts receivable and valuable papers/records

Question 10

Identity Fraud Expense Coverage

Answer 10

provides reimbursement of expenses incurred as result of identity theft/fraud

• up to $15,000 limit
• includes reasonable atty fees to defend suits; costs incurred to re-apply for any loans rejected because of incorrect credit info; lost income $200/day, $5,000 agg.; and charges for long distance calls
• deductible of $250

Question 11

Home Day Care Endorsement

Answer 11

insures liability exposure out of Home Day Care business on residence premises by NI

Question 12

Watercraft Endorsement

Answer 12

liability for BI and PD from ownership, maintenance, or use for pleasure

Question 13

Workers Comp. Benefits HO Endorsement

Answer 13

covers injuries to residence employee

Question 14

Personal Injury Endorsement

Answer 14

amends definition of Bodily injury to include personal injury - false arrest, slander, libel, defamation of character, invasion of privacy

Question 15

Mobile Home Endorsement

Answer 15

covered by HO-2, -3, -5

• replacement cost value if 80% coverage
• Cov. B is 10% Cov. A or $2000 if less
• $500 for removal and return of covered property

Question 16

Mobile Home Transportation Cov. Endorsement

Answer 16

gives coverage for transportation perils of:
- collision
- upset
- stranding or sinking
applies for 30 days anywhere in continental US or Canada