Copyright © 2024 ALM Global, LLC. All Rights Reserved.
Tailoring to Coverage Needs
Summary: The coverages of the standard homeowners forms (Forms HO 00 02, 03, 04, 05, 06, and 08) are designed to provide the kinds of insurance protection that most homeowners will need. But the needs of individual insureds can diverge, and so endorsements are used to tailor coverage to meet these needs. Additionally, insurers may use endorsements to limit coverage, as when the windstorm or hail exclusion endorsement is attached to coastal homeowners policies.
The endorsements discussed here are those under the jurisdiction of Insurance Services Office (ISO). They do not constitute the extent of tailoring possible with respect to homeowners forms. The introduction in the ISO homeowners manual to the program’s general rules state that “in all cases not specifically provided for in this manual,” the rules, rates, forms, and endorsements of individual insurers govern each coverage. This makes it possible for insurers to develop special endorsements as the need arises, assuming, or course, that the proposed risk is considered insurable and that an appropriate premium can be obtained.
Comments relating to individual endorsements below are based on form designations and language of the 2011 ISO homeowners program unless otherwise indicated. (The edition date of the 2011 endorsements is generally 05 11; that of the 2000 endorsements is generally 10 00. Some endorsements have later updates, such as 04 16 and 01 14 but these are few. There are some 02 17 changes as well that have been newly added) Differences from the 2000 program in language or coverage provisions are noted, as are differences in the 2017 versions. Endorsements limited to one or two states have not been included.
For a discussion of condominium forms HO 17 31, open perils on coverage C—unit owners, HO 17 32, unit owners coverage A (building), HO 17 33, unit owners rental to others, and HO 17 34, unit owners modified other insurance and service agreement condition, see Homeowners Form HO 00 06—Unit Owners Insurance.
The endorsements are discussed in alphabetical order.
Alphabetical Guide to Endorsements:
Actual cash value loss settlement HO 04 81
Actual cash value loss settlement windstorm/hail loss to roof HO 04 93
Additional insured (residence premises) HO 04 41
Additional insured—student living away from the residence premises HO 05 27
Additional interests (residence premises) HO 04 10
Additional limits of liability for coverages A, B, C and D HO 04 11
Additional residence rented to others (1—4 families) HO 24 70
Assisted living care coverage HO 04 59
Building additions and alterations (other residence) HO 04 49
Building additions and alterations (increased limit form HO 00 04) HO 04 51
Canine liability exclusion endorsement HO 24 77
Cosmetic damage exclusion – windstorm or hail HO 06 43
Coverage B—other structures away from the residence premises HO 04 91
Coverage C increased special limits of liability HO 04 65
Coverage C increased special limits of liability (HO 00 04, HO 00 05, HO 00 06) HO 04 66
Credit card, electronic fund transfer card, etc. (increased limit) HO 04 53
Deferred premium payment HO 04 18
Extended theft coverage for residence premises occasionally rented to others HO 05 41
Farmers personal liability HO 24 73
Fire department clause HO 04 85
Functional replacement cost loss settlement etc. HO 05 30
Home business insurance coverage HO 07 01
Home day care coverage endorsement HO 04 97
Identity fraud expense coverage HO 04 55
Incidental farming personal liability HO 24 72
Incidental low power recreational motor vehicle HO 24 13
Increased limits on business property HO 04 12
Inflation guard endorsement HO 04 46
Landlord’s furnishings (forms HO 00 02, HO 00 03, and HO 00 05 only) HO 05 46
Limited fungi, wet or dry rot, or bacteria coverage HO 04 26, etc.
Livestock collision coverage HO 04 52
Loss assessment coverage HO 04 35
Loss assessment coverage for earthquake HO 04 36
Multiple company insurance HO 04 78
No section II—liability coverages for home day care, etc. HO 04 96
Ordinance or law increased amount of coverage HO 04 77
Other members of your household HO 04 58
Other structures on the residence premises (increased limit) HO 04 48
Owned motorized golf cart physical loss coverage HO 05 28
Permitted incidental occupancies (residence premises) HO 04 42
Permitted incidental occupancies (other residence) HO 24 43
Personal property at other residences (increased limit) HO 04 50
Personal property replacement cost loss settlement HO 04 90
Premises alarm or fire protection systems HO 04 16
Property remediation/limited escaped fuel liability HO 05 72, etc.
Property remediation/limited lead and escaped fuel liability HO 05 80, etc.
Refrigerated property coverage HO 04 98
Replacement cost loss settlement for certain non-building structures etc. HO 04 43
Residence held in trust HO 05 43
Scheduled personal property endorsement HO 04 60; HO 04 61
Section II—limited coverage for year 2000 computer etc. HO 04 15
Sections I and II exclusions for computer-related damage or injury HO 04 13
Special computer coverage HO 04 14
Special loss settlement HO 04 56
Special personal property coverage (HO 00 04 only) HO 05 24
Specific structures away from the residence premises HO 04 92
Specified additional amount of insurance for coverage A—dwelling HO 04 20
Structures rented to others (residence premises) HO 04 40
Theft coverage increase (Form HO 00 08) HO 04 30
Water back up and sump discharge or overflow HO 04 95
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
