THE INSURANCE SOLUTION FOR YOUR

Transcription

1 THE INSURANCE SOLUTION FOR YOUR HOME

2 HOMEOWNER OPTIONS ADVANTAGES

3 TEXAS HOMEOWNER OPTIONS ADVANTAGES HOMEOWNER OPTIONS PROGRAM HO 0003 AND HO 0005 Coverages Included Optional Coverages ESTATES OPTION HO 0005 Comprehensive Form Miscellaneous Endorsements FI 280TX Estates Endorsement HO 4297 Identity Fraud Expense Coverage DEFENDER OPTION HO 0003 Special Form HO 0005 Comprehensive Form FI 270TX Defender Endorsement HO 4297 Identity Fraud Expense Coverage Miscellaneous Endorsements SECURGARD OPTION HO 0003 Special Form HO 0005 Comprehensive Form HO 4297 Identity Fraud Expense Coverage HO 2302 Special Loss Settlement HO 0004 HO 0530 Functional Replacement Cost Loss Settlement FI 2304 Rep. Cost Pers. Property HO 0420 Special Add l Ins. Cov. A FI 264TX Securgard Plus Endt. Miscellaneous Endorsements ESTATES OPTION HO 0004 Contents Broad Form Miscellaneous Endorsements FI 282TX Estates Renters Form HO 4297 Identity Fraud Expense Coverage DEFENDER OPTION HO 0004 Contents Broad Form Miscellaneous Endorsements FI 272TX Defender Renters Endt. HO 4297 Identity Fraud Expense Coverage HO 0561 Spec. Pers. Prop. Cov. SECURGARD OPTION HO 0004 Contents Broad Form HO 0561 Spec. Pers. Prop. Cov. HO 4297 Identity Fraud Expense Coverage FI 2304 Rep. Cost Pers. Property Miscellaneous Endorsements HO 0006 ESTATES OPTION HO 0006 Unit Owners Form Miscellaneous Endorsements FI 281TX Estates Condominium HO 4297 Identity Fraud Expense Coverage DEFENDER OPTION HO 0006 Unit Owners Form HO 1790 Unit Owners Spec. Cov. FI 271TX Defender Condo Cov. HO 4297 Identity Fraud Expense Coverage Miscellaneous Endorsements SECURGARD OPTION HO 0006 Unit Owners Form HO 1791 Unit Owners Cov. A HO 4297 Identity Fraud Expense Coverage HO 1790 Unit Owners Spec. Cov. FI 2304 Pers. Prop. Rep. Cost Miscellaneous Endorsements 04/12 SA-1

4 TEXAS HOMEOWNER OPTIONS ADVANTAGES EXPLANATION OF THE OPTIONS CONCEPT State Auto provides homeowner coverage with three separate options: SECURGARD, DEFENDER and ESTATES. What makes these options unique is that each one builds on the others with SECURGARD being the base option, DEFENDER being the second option and ESTATES being the most comprehensive option of the three. Why is this an advantage for the insured? This new product enables the insured and agent to select the specific coverages they desire. If they don t want all of the coverages that are available in the ESTATES Option, they can purchase the DEFENDER Option and purchase other coverage options that are available in stand-alone endorsements. This same theory holds true for the SECURGARD Option. If the insured doesn t desire all of the coverage enhancements available in DEFENDER or ESTATES, they can simply purchase the SECURGARD Option and build it up with any optional endorsements they desire. Insured s qualify for any one of the options they desire simply based on the general underwriting guidelines and additional requirements for some coverages. See underwriting guidelines for complete details. 03/08 SA-2

5 STATE AUTO S OPTIONS PROGRAM SECURGARD OPTION

6 TEXAS HOMEOWNER OPTIONS PROGRAM SECURGARD OPTIONS The SECURGARD Option is our base option for the HO 0003, HO 0004 and HO 0006 contracts. From this base you can build a package of endorsements to suit your client s needs. Before you can determine which endorsements to include, it is important to know specifically what each option contains. This section outlines owner s forms, tenant forms and condominium unit owners forms. 1. SECURGARD OPTION HO 0003 SPECIAL FORM COVERAGE INCLUDED HO 0003 Special Form is included in the base SECURGARD Option for owner s forms. This form provides open perils coverage on dwellings and other structures and named perils on contents (personal property). COVERAGE OPTIONS Comprehensive Form-Optional HO 0005 This form provides open perils coverage on buildings and contents (personal property). Special Additional Amount of Insurance For Coverage A HO 0420 Optional This optional endorsement extends Coverage A protection included in the policy to provide replacement cost on the dwelling, when a total loss occurs, up to an additional 25% or 50% of the Coverage A limit in effect. In order for this endorsement to be applicable, the insured must: A. Insure the dwelling to 100% of the replacement cost, as determined by: 1. A State Auto Home Replacement Cost Estimator completed and based on the accuracy of information furnished by the insured, plus a photograph of the dwelling; or, 2. An inspection of the insured dwelling and other building structures. B. Accept the Inflation Protection increase in the policy, agree to each annual adjustment in the dwelling protection coverage limits of liability and pay the premium charged. C. Notify us within 90 days of the start of any additions or other physical changes which increase the value of the dwelling on the residence premises by 5% or more, and pay the resulting additional premium. Replacement Cost Personal Property FI 2304 Optional This optional endorsement extends the Personal Property Coverage provided under the policy to a Replacement Cost basis for an additional premium. 03/08 SO-1

7 TEXAS HOMEOWNER OPTIONS PROGRAM 1. SECURGARD OPTION HO 0003 SPECIAL FORM COVERAGE INCLUDED (Continued) Securgard Plus Option Coverage Endorsement FI 264TX (SECURGARD Option HO 0003 or HO 0005 only) The SECURGARD Option HO 0003 or HO 0005 may be endorsed to provide a number of optional coverages by using the Securgard Plus Endorsement FI 264TX. Coverages that are conveniently packaged together in this endorsement include: Personal Injury Liability Replacement Cost-Personal Property Coverage C is increased to 65% of Coverage A $250 on Money $2,000 on securities $2,000 on watercraft including trailers $2,000 on trailers not used with watercraft $2,000 per article for jewelry, watches, and furs; $3,000 per occurrence $3,000 per occurrence for loss to silverware $10,000 for loss by theft, of firearms and related equipment $2,500 for business property away from the premises which is computer equipment /Originally $500 Service Vehicle Coverage broadened for Section I and Section II Additional Living Expense/Fair Rental Value Option has been broadened Debris Removal has been broadened Trees, Shrubs and Other Plants coverage has been broadened to $750 Fire Department Service Charge - $1,000 Credit Card, Electronic Fund Transfer Card - $1,000. Loss Assessment Coverage-Section I or Section II - $5,000 Freezer Contents-$1,000 with special $50 deductible Lock Replacement-$250 per loss, $500 per term Rented Golf Cart-physical damage - $5,000 Incidental Low Power Recreational Motor Vehicle Coverage up to 15 miles per hour Deductible Waiver-Losses of $50,000 or greater, excluding earthquake, wind/hail or water back-up Arson, Fraud and Theft Rewards Coverage-up to $1,000 Golf Cart Liability to and from golf course Outboard Motor Liability-up to 75 total horsepower Waterbed Liability Special Loss Settlement HO 2302 Optional for SECURGARD only The standard Homeowners Policy provides loss settlement on a replacement cost basis if the Coverage A limit of liability represents at least 80% of replacement value. This percentage amount may be modified to 20%, 30%, 40%, 50%, 60% or 70% of the replacement value and still provide replacement cost loss settlement provision by using the HO 2302 endorsement. We will not pay more than the coverage A limit in effect on any one loss. Functional Replacement Cost Loss Settlement HO 0530 Optional for SECURGARD only The standard Homeowners Policy provides loss settlement on a replacement cost basis if the Coverage A limit of liability represents at least 80% of full replacement value. This optional endorsement changes the loss settlement provisions from a replacement cost basis to a functional replacement cost basis if, at the time of loss, the limit of insurance on the damaged building is at least 80% of the functional replacement cost of the building immediately before the loss. 03/08 SO-3

8 TEXAS HOMEOWNER OPTIONS PROGRAM 1. SECURGARD OPTION HO 0003 SPECIAL FORM COVERAGE INCLUDED (Continued) Miscellaneous Endorsements See the Optional Coverages section in the Homeowner Manual for many more options to further customize each policy to the insured s individual needs. 2. SECURGARD OPTION HO 0004 CONTENTS BROAD FORM COVERAGE INCLUDED HO 0004 Contents Broad Form is included in the base SECURGARD Option for tenant renters forms. This form provides named perils coverage for the insured s contents. COVERAGE OPTIONS Special Personal Property Coverage Form HO 0561 This form extends open perils coverage to contents in the HO 0004 form. Replacement Cost Personal Property Coverage FI 2304 This optional endorsement extends the Personal Property Coverage provided under the policy to a Replacement Cost basis for an additional premium. Miscellaneous Endorsements See the Optional Coverages section in the Homeowner Manual for many more options to further customize each policy to the insured s individual needs. 3. SECURGARD OPTION HO 0006 UNIT OWNERS FORM COVERAGE INCLUDED HO 0006 Unit Owners Form is included in the base SECURGARD Option for condominium unit owners. This form provides named perils coverage for the insured s building and contents. COVERAGE OPTIONS Unit Owners Coverage A-Special Coverage HO 1791 This form provides open perils coverage for those items covered under Coverage A. Unit Owners Coverage C-Special Coverage HO 1790 This form provides open perils coverage for those items covered under Coverage C. 03/08 SO-3

9 TEXAS HOMEOWNER OPTIONS PROGRAM 3. SECURGARD OPTION HO 0006 UNIT OWNERS FORM COVERAGE INCLUDED (Continued) Replacement Cost Personal Property Coverage FI 2304 This optional endorsement extends the Personal Property Coverage provided under the policy to a Replacement Cost basis for an additional premium. Miscellaneous Endorsements See the Optional Coverages section in the Homeowner Manual for many more options to further customize each policy to the insured s individual needs. The SECURGARD Option is the base option that you start with when building your client s homeowner coverage. There are many other optional coverages you can buy to further enhance this product. If you are looking for convenient package endorsements, the following pages reflect the DEFENDER and ESTATES options that can be used to broaden your client s homeowner policy. 03/08 SO-4

10 STATE AUTO S OPTIONS PROGRAM DEFENDER OPTION

11 TEXAS HOMEOWNER OPTIONS PROGRAM DEFENDER OPTIONS The DEFENDER Option is available with the HO 0003, HO 0004 and HO 0006 contracts. It includes a prepackaged endorsement with pre-selected coverages. You can build on this package of coverages by adding additional endorsements to suit your client s needs. This section outlines owner s forms, tenant forms and condominium unit owner s forms. 1. DEFENDER OPTION HO 0003 SPECIAL FORM COVERAGE INCLUDED HO 0003 Special Form is included in the base DEFENDER Option for owner s forms. This form provides open perils coverage on dwellings and other structures and named perils coverage on contents. DEFENDER OPTION ENDORSEMENT FI 270TX (HO 0003 or HO 0005 only) This form is a specially created package of coverages designed to be a convenient option for your home- owning customers. Included in this package of coverages are the following: Personal Injury Liability Replacement Cost-Personal Property Coverage C limit is increased to 70% of Coverage A. Specified Additional Amount of Insurance-Coverage A-25% $250 on Money $2,000 on securities $2,000 on watercraft including trailers $2,000 on trailers not used with watercraft $2,000 per article for jewelry, watches, and furs; $3,000 per occurrence $3,000 per occurrence for loss to silverware $10,000 for loss by theft of firearms and related equipment $2,500 for business property away from the premises which is computer equipment /Originally $500 Service Vehicle Coverage broadened for Section I and Section II Additional Living Expense/Fair Rental Value Option has been broadened Debris Removal has been broadened Trees, Shrubs and Other Plants coverage has been broadened to $750 Fire Department Service Charge $1,000 Credit Card, Electronic Fund Transfer Card - $1,000. Loss Assessment Coverage-Section I or Section II - $5,000 Freezer Contents - $1,000 with special $50 deductible Lock Replacement-$250 per loss, $500 per term Rented Golf Cart-physical damage - $5,000 Incidental Low Power Recreational Motor Vehicle Coverage up to 15 miles per hour Deductible Waiver-Losses of $50,000 or greater, excluding earthquake, wind/hail or water back-up Arson, Fraud and Theft Rewards Coverage-up to $1,000 Golf Cart Liability to and from golf course Outboard Motor Liability-up to 75 total horsepower Waterbed Liability 10/10 DO-1

12 TEXAS HOMEOWNER OPTIONS PROGRAM 1. DEFENDER OPTION HO 0003 SPECIAL FORM COVERAGE - INCLUDED (Continued) COVERAGE OPTIONS Comprehensive Form HO 0005 Optional This form provides open perils coverage on buildings and contents (personal property) and can be purchased separately with the HO 0003 contract. Miscellaneous Endorsements See the Optional Coverages section in the Homeowner Manual for many more options to further customize each policy to the insured s individual needs. 2. DEFENDER OPTION HO 0004 CONTENTS BROAD FORM COVERAGE INCLUDED HO 0004 Contents Broad Form is included in the base DEFENDER Option for tenant renter s forms. This form provides named perils coverage for the insured s contents. DEFENDER OPTION RENTERS ENDORSEMENT FI 272TX This form is a specially created package of coverages designed to be a convenient option for your tenant homeowner customers. Included in this package of coverages are the following: Personal Injury Liability Replacement Cost Coverage-Personal Property $250 on Money $2,000 on Securities $2,000 on watercraft including trailers $2,000 on trailers not used with watercraft $2,000 per article for jewelry, watches and furs; $3,000 per occurrence $3,000 per occurrence for loss to silverware $10,000 for loss by theft of firearms and related equipment $2,500 for business property away from the premises which is computer equipment /Originally $500 Service Vehicle Coverage broadened for Section I and II Additional Living Expense/Fair Rental Value has been broadened Debris removal has been broadened Trees, Shrubs and Plants has been broadened to $750 Fire Department Service Charge-$1,000 Credit Card, Transfer Card - $1,000 Loss Assessment Coverage-Section I or Section II $5,000 Freezer Contents - $1,000 with special $50 deductible Lock Replacement-$250 per loss $500 per policy term Incidental Low Power Recreational Motor Vehicle Coverage up to 15 miles per hour Rented Golf Cart-physical damage - $5,000 Deductible Waiver-Losses of $50,000 or greater excluding earthquake, wind/hail or water back-up Arson, Fraud or Theft Rewards Coverage-up to $1,000 Golf Cart Liability to and from golf course Outboard Motor Liability up to 75 horsepower Waterbed Liability 10/10 DO-2

13 TEXAS HOMEOWNER OPTIONS PROGRAM 2. DEFENDER OPTION HO 0004 CONTENTS BROAD FORM COVERAGE INCLUDED (Continued) COVERAGE OPTIONS Special Personal Property Coverage Form HO 0561 (HO 0004 Only) This form extends open perils coverage to contents in the HO 0004 form. Miscellaneous Endorsements See the Optional Coverages section in the Homeowner Manual for many more options to further customize each policy to the insured s individual needs. 3. DEFENDER OPTION HO 0006 UNIT OWNERS FORM COVERAGE INCLUDED HO 0006 Unit Owners Form is included in the base DEFENDER Option for condominium unit owners. This form provides named perils coverage for the insured s building and contents. DEFENDER OPTION CONDOMINIUM ENDORSEMENT FI 271TX This form is a specially created package of coverages designed to be a convenient option for your condominiumowning customers. Included in this package of coverages are the following: Personal Injury Liability Unit Owners Coverage A-Special Coverage Replacement Cost Coverage-Personal Property Specified Additional Amount of Insurance-Coverage A-25% $250 on Money $2,000 on Securities $2,000 on watercraft including trailers $2,000 on trailers not used with watercraft $2,000 per article for jewelry, watches and furs; $3,000 per occurrence $3,000 per occurrence for loss to silverware $10,000 for loss by theft, of firearms and related equipment $2,500 for business property away from the premises which is computer equipment /Originally $500 Service Vehicle Coverage broadened for Section I and II Additional Living Expense/Fair Rental Value has been broadened Debris removal has been broadened Trees, Shrubs and Plants has been broadened to $750 Fire Department Service Charge - $1,000 Credit Card, Transfer Card - $1,000 Loss Assessment Coverage-Section I or Section II $5,000 Freezer Contents - $1,000 with special $50 deductible Lock Replacement-$250 per loss $500 per term Incidental Low Power Recreational Motor Vehicle Coverage up to 15 mile per hour Rented Golf Cart-physical damage - $5,000 Deductible Waiver-Losses of $50,000 or greater excluding earthquake, wind/hail or water back-up Arson, Fraud or Theft Rewards Coverage-up to $1,000 Golf Cart Liability to and from golf course Outboard Motor Liability up to 75 horsepower Waterbed Liability 10/10 DO-3

14 TEXAS HOMEOWNER OPTIONS PROGRAM 3. DEFENDER OPTION HO 0006 UNIT OWNERS FORM COVERAGE INCLUDED (Continued) COVERAGE OPTIONS Unit Owners Coverage C-Special Coverage HO 1790 This form provides open perils coverage for those items under Coverage C. Miscellaneous Endorsements See the Optional Coverages section in the Homeowner Manual for many more options to further customize each policy to the insured s individual needs. The DEFENDER Option is the second option available when building your client s homeowner coverage. There are many other optional coverages you can buy to further enhance this product. If you are looking for a more comprehensive convenient package of endorsements, the following pages reflect the ESTATES options that can be used to broaden your client s homeowner policy. 03/08 DO-4

15 STATE AUTO S OPTIONS PROGRAM ESTATES OPTION

16 TEXAS HOMEOWNER OPTIONS PROGRAM ESTATES OPTIONS The Estates Option is our third option for the HO 0005, HO 0004 and HO 0006 contracts (HO 0003 is not available with this option). It includes a pre-packaged endorsement which provides the broadest protection available from State Auto in one form. You can further build on this package by adding additional endorsements from our Optional Coverage Section to suit your client s needs. This is broken out for you by owner s forms, tenant forms and condominium unit owners forms. 1. ESTATES OPTION HO 0005 COMPREHENSIVE FORM COVERAGE INCLUDED HO 0005 Comprehensive Form is included in the base Estates Option for owner s forms. This form provides open perils coverage on buildings and contents (personal property) and is a required form. You cannot purchase the HO 0003 form where the Estates Endorsement is a part of the policy. ESTATES OPTION ENDORSEMENT FI 280TX This form is a specially created package of coverages designed to be a convenient option for your home- owning customers. Included in this package of coverages are the following: Personal Injury Liability Coverage B limit is increased to 20% of Coverage A Coverage C limit is increased to 75% of Coverage A Replacement Cost Coverage-Personal Property Specified Additional Amount of Insurance-Coverage A-25% $1,000 on Money $5,000 on Securities $2,000 on watercraft including trailers $3,000 on trailers not used with watercraft $2,500 per article for jewelry, watches and furs; $5,000 per occurrence $10,000 per occurrence for loss to silverware $10,000 for loss by theft, misplacing or losing of firearms and related equipment $10,000 on property on the residence premises used primarily for business purposes $2,000 for business property away from the premises-$10,000 for computer equipment $2,000 for electronic apparatus while in or upon a motor vehicle not used in business $2,000 for electronic apparatus not in or upon a motor vehicle used for business purposes Vault Coverage-up to $25,000 coverage for securities, jewelry and silverware Service Vehicle Coverage broadened for Section I and II Additional Living Expense/Fair Rental Value has been broadened Loss of Use Coverage-no dollar limit for a maximum of 24 months Debris removal-unlimited expense on certain property Debris removal broadened-eliminates requirement that fallen trees damage property Trees, Shrubs and Plants has been broadened to $1,000 03/09 EO-1

17 TEXAS HOMEOWNER OPTIONS PROGRAM 1. ESTATES OPTION HO 0005 COMPREHENSIVE FORM COVERAGE INCLUDED (Continued) Fire Department Service Charge-$1,000 Credit Card, Transfer Card $10,000 Loss Assessment Coverage-Section I or Section II - $10,000 Ordinance or Law Coverage increased to 25% of the Coverage A limit $5,000 for damage caused by Birds, Vermin or Rodents included if no infestation or nesting evident Freezer Contents - $1,000 with special $50 deductible Lock Replacement-$500 per loss, $1,000 per term Rented Golf Cart-physical damage - $5,000 Physical Damage ACV for Owned Golf Carts Deductible Waiver-Losses of $50,000 or greater excluding earthquake, wind/hail or water back-up Arson, Fraud or Theft Rewards Coverage-up to $1,000 Land Restoration Coverage-up to $5,000 for required excavation, replacement or stabilization Golf Cart Liability to and from golf course Incidental Low Power Recreational Motor Vehicle Coverage up to 15 miles per hour Outboard Motor Liability up to 75 horsepower Waterbed Liability $100,000 Volunteer Wrongful Acts Coverage COVERAGE OPTIONS Miscellaneous Endorsements Although our Estates Option Endorsement is very comprehensive, refer to the Optional Coverages section in the Homeowner Manual for many more options to further customize each policy to the insured s individual needs. 2. ESTATES OPTION HO 0004 CONTENTS BROAD FORM COVERAGE INCLUDED HO 0004 Contents Broad Form is included in the base Estates Option for tenant renters forms. This form provides named perils coverage for the insured s contents. ESTATES OPTION RENTERS FORM FI 282TX This form is a specially created package of coverages designed to be a convenient option for your tenant homeowner customers. Included in this package of coverages are the following: Personal Injury Liability Replacement Cost Coverage-Personal Property $1000 on Money $5,000 on Securities $2,000 on watercraft including trailers $3,000 on trailers not used with watercraft $2,500 per article for jewelry, watches and furs; $5,000 per occurrence $10,000 for loss by theft, misplacing or losing of firearms and related equipment $10,000 per occurrence for loss to silverware 04/10 EO-2

18 TEXAS HOMEOWNER OPTIONS PROGRAM 2. ESTATES OPTION HO 0004 CONTENTS BROAD FORM COVERAGE INCLUDED (Continued) $10,000 on property on the residence premises used primarily for business purposes $2,000 for business property away from the premises-$10,000 for computer equipment $2,000 for electronic apparatus while in or upon a motor vehicle not used in business $2,000 for electronic apparatus not in or upon a motor vehicle used for business purposes Vault Coverage-up to $25,000 coverage for securities, jewelry and silverware Service Vehicle Coverage broadened for Section I and II Renter s Special Coverage-Open Peril Coverage on Personal Property Additional Living Expense/Fair Rental Value has been broadened Loss of Use Coverage-no dollar limit for a maximum of 24 months Debris removal-unlimited expense on certain property Debris removal has been broadened Trees, Shrubs and Plants has been broadened to $1,000 Fire Department Service Charge-$1,000 Credit Card, Transfer Card - $10,000 Loss Assessment Coverage-Section I or Section II - $10,000 Ordinance or Law Coverage increased to 25% of the Coverage A limit $5,000 Damage by Birds, Vermin or Rodents included if no infestation or nesting evident Freezer Contents-$1,000 with special $50 deductible Lock Replacement-$500 per loss, $1,000 per term Rented Golf Cart-physical damage - $5,000 Physical Damage ACV for Owned Golf Carts Deductible Waiver-Losses of $50,000 or greater excluding earthquake, wind/hail or water back-up Arson, Fraud or Theft Rewards Coverage-up to $1,000 Golf Cart Liability to and from golf course Incidental Low Power Recreational Motor Vehicle Coverage up to 15 miles per hour Outboard Motor Liability up to 75 horsepower Waterbed Liability $100,000 Volunteer Wrongful Acts Coverage COVERAGE OPTIONS Miscellaneous Endorsements See the Optional Coverages section in the Homeowner Manual for many more options to further customize each policy to the insured s individual needs. 3. ESTATES OPTION HO 0006 UNIT OWNERS FORM COVERAGE INCLUDED HO 0006 Unit Owners Form is included in the base Estates Option for condominium unit owners. This form provides named perils coverage for the insured s building and contents. 03/09 EO-3

19 TEXAS HOMEOWNER OPTIONS PROGRAM 3. ESTATES OPTION HO 0006 UNIT OWNERS FORM COVERAGE INCLUDED (Continued) ESTATES OPTION CONDOMINIUM ENDORSEMENT FI 281TX This form is a specially created package of coverages designed to be a convenient option for your condominiumowning customers. Included in this package of coverages are the following: Personal Injury Liability Unit Owners Coverage A-Special Coverage-Open Perils Buildings Unit Owners Special Coverage-Open Peril Coverage on Personal Property Replacement Cost Coverage-Personal Property Specified Additional Amount of Insurance-Coverage A-25% $1,000 on Money $5,000 on Securities $2,000 on watercraft including trailers $3,000 on trailers not used with watercraft $2,500 per article for jewelry, watches and furs; $5,000 per occurrence $10,000 for loss by theft, misplacing or losing of firearms and related equipment $10,000 per occurrence for loss to silverware $10,000 on property on the residence premises used primarily for business purposes $2,000 for business property away from the premises-$10,000 for computer equipment $2,000 for electronic apparatus while in or upon a motor vehicle not used in business $2,000 for electronic apparatus not in or upon a motor vehicle used for business purposes Vault Coverage-up to $25,000 coverage for securities, jewelry and silverware Service Vehicle Coverage broadened for Section I and II Additional Living Expense/Fair Rental Value has been broadened Loss of Use Coverage-no dollar limit for a maximum of 24 months Debris removal-unlimited expense on certain property Debris removal has been broadened Trees, Shrubs and Plants has been broadened to $1,000 Fire Department Service Charge-$1,000 Credit Card, Transfer Card - $10,000 Loss Assessment Coverage-Section I or Section II - $10,000 Ordinance or Law Coverage increased to 25% of the Coverage A limit $5,000 Damage by Birds, Vermin or Rodents included if no infestation or nesting evident Freezer Contents - $1,000 with special $50 deductible Lock Replacement-$500 per loss, $1,000 per term Rented Golf Cart-physical damage - $5,000 Physical Damage ACV for Owned Golf Carts Deductible Waiver-Losses of $50,000 or greater excluding earthquake, wind/hail or water back-up Arson, Fraud or Theft Rewards Coverage-up to $1,000 Golf Cart Liability to and from golf course Incidental Low Power Recreational Motor Vehicle Coverage up to 15 miles per hour Outboard Motor Liability up to 75 horsepower Waterbed Liability $100,000 Volunteer Wrongful Acts Coverage 04/10 EO-4

20 TEXAS HOMEOWNER OPTIONS PROGRAM 3. ESTATES OPTION HO 0006 UNIT OWNERS FORM COVERAGE INCLUDED (CONTINUED) COVERAGE OPTIONS Miscellaneous Endorsements See the Optional Coverages section in the Homeowner Manual for many more options to further customize each policy to the insured s individual needs. The Estates Option is the third and most comprehensive option that you have available when building your client s homeowner coverage. There are many other optional coverages you can buy to further enhance this product. 03/08 EO-5

21 UNDERWRITING GUIDELINES

22 TEXAS HOMEOWNER OPTIONS PROGRAM New Business Underwriting Guidelines Eligibility ESTATES DEFENDER SECURGARD Guidelines Available Forms HO0005, HO0004, HO0006 HO0003, HO0005, HO0004, HO0006 HO0003, HO0005, HO0004, HO0006 Minimum Coverage Coverage A Coverage B Coverage C HO0003 HO0005 HO0004 HO0006 Coverage D HO-5 HO-3 HO-4 HO-6 100% of Replacement 20% of Coverage A N/A 75% of Coverage A $10,000 $10,000 Unlimited/for 24 months N/A Unlimited/for 24 months Unlimited/for 24 months 100% of Replacement 10% of Coverage A 70% of Coverage A 70% of Coverage A $10,000 $10,000 30% of Coverage A 30% of Coverage A 30% Coverage C 50% Coverage C YOUR OPTION 10% of Coverage A 50% of Coverage A 50% of Coverage A $10,000 $10,000 30% of Coverage A 30% of Coverage A 30% Coverage C 50% Coverage C Coverage E Coverage F Secondary Residence Occupancy Insurance to Value Loss History Financial Stability Photo & Replacement Cost Estimator Town or Rowhouse Alarm System Auto/Home Discount Eligibility $100,000 $1,000 $100,000 $1,000 Eligible with supporting primary residence Coverage E and F are extended from primary residence Must be owner-occupied dwelling and residential only $100,000 $1, % 100% 80% Unless HO 2302, FI 248 or HO 0420 applies One previous loss is permitted in the last three years. Must be reported with details on the application. (See General Underwriting Philosophy Previous Losses) Note: TAC and TIC Art prohibit use of an underwriting guideline based on any of the following: 1) A single prior water damage claim filed by the applicant or in the covered property. 2) Two prior appliance-related claims where certification form WDR-1 has been completed by qualified water damage remediation inspector(s). 3) Any mold damage or mold damage claim(s) provided certification form MDR-1 has been completed by qualified mold remediation inspector(s). In addition to other underwriting criteria, risks will be evaluated based on an applicant s or named insured s credit score developed from information in the person s credit report. Replacement Cost Estimator required. Photo required if home is over five years of age. In addition, the Company will order an inspection report on all homes valued over $750,000 Eligible Central station burglary & fire alarms required for homes with Coverage A over $750,000 or if total Scheduled Personal Property value exceeds $100,000 In order for the Auto/Home Discount to apply, all new homeowners applications must be submitted concurrently with the personal automobile application or the personal automobile policy must currently be written with State Auto. The personal auto applications must meet all of our underwriting requirements to qualify for the discounts. Please see the credits and discounts section of the manual for other eligibility rules and requirements. 03/09 UG-1