Renters Insurance. When you want to leave nothing to chance.

Transcription

1 Renters Insurance When you want to leave nothing to chance.

2 Property Coverage The Renters Policy protects your possessions in the event of: Fire Lightning Windstorm Hail Explosion Riot Aircraft Damage Damage by Vehicles Smoke Vandalism Theft Breakage of Glass Falling Objects Weight of Ice, Snow or Sleet Burning, Bursting, Bulging Heating System Burning, Bursting, Bulging Air-Conditioning System Bursting Water Heater Water Damage from Plumbing or Heating System* Frozen Plumbing Power Surge to Appliances Volcanic Eruption (Not Caused by an Earthquake) Loss of Use Additional Living Expense If the property you rent is damaged by a covered peril causing you to move out temporarily, American Family will pay for any necessary increase in living expenses so that your household can maintain its normal standard of living. Fair Rental Value If you rent any part of your insured premises to others and it becomes unusable due to a covered loss, we will pay the fair rental value of the rented premises while it is uninhabitable. NOTES PERIL The cause of loss, such as a fire or accident. *Your policy excludes water damage due to sewer back-up and sump pump overflow unless special coverage is purchased for this type of loss. Please see your agent for details of this coverage. Please note: The illustrations used in this brochure are simple visual representations of most of the perils usually covered by this policy.

3 HOME It s however you define it. You ve built a home out of your apartment, filled with all the things that make up your life. If these personal possessions are damaged, destroyed or stolen, it s up to you to cover the replacement costs. Unless, of course, you ve chosen American Family Renters Insurance. Your American Family agent can help you assess what you need and come up with a solid, affordable plan. Plus ask your agent if you may be eligible for a discount on your renters insurance. It ll give you great peace of mind. Since 1927, our family of trusted agents and employees has been guiding people toward solutions for their unique insurance needs. Then, when there is a claim, we follow through quickly and completely. So, for all of your insurance needs, let our Family take care of you and yours.

4 Property Coverage Supplementary Our Renters Policy includes these extra areas of protection for covered losses to covered property: Building Additions and Alterations Up to 10% of your personal property limit can be used for improvements to the premises made at your expense when damaged by a covered loss. Collapse Your personal property is protected against collapse of a building when caused by covered perils, hidden decay, hidden insect damage or damage caused by the weight of people, animals, property and rain or snow on a roof. Credit/Debit Card, Forgery and Counterfeit Money We will pay up to $1,000 for unauthorized use. Debris Removal Covers the reasonable expenses you incur to remove the debris of covered property following a covered loss. Emergency Removal of Property Covers property that is damaged while being removed or while removed because of the possibility of damage from a covered peril. Covered for up to 30 days after a loss. Fire Department Service Charge* We will pay up to $500 of coverage if the fire department charges a fee to protect your property. Grave Markers We will pay up to $5,000 for damage to grave markers caused by covered perils. Inflation Protection Personal property coverage limit will automatically increase as the cost of contents increases. Loss Assessments Covers up to $1,000 for loss assessments charged to you, as owner or tenant, by a corporation or association of property owners. Outdoor Antennas Your antenna, satellite dish and tower are insured up to $1,000 when damaged by covered perils. Pollutant Cleanup and Removal We will pay up to $10,000 to cover your expense to extract pollutants from land, water or insured property, when caused by a covered cause of loss. Protective Repairs Covers the reasonable cost of necessary repairs to prevent further damage to your property following a covered loss. Refrigerated Food Products Covers up to $250 per freezer or refrigerator for loss of food products, when caused by a power interruption or mechanical failure. Trees, Plants, Shrubs and Lawns Covers up to 10% of the personal property coverage (limited to $500 per item) for damage caused by fire, lightning, explosion, riot, civil commotion, aircraft, certain vehicles, vandalism, theft or collapse of a building. *In Arizona, this coverage is not provided by the policy. The Renters Policy provides the limits listed below. To increase your coverage on any of these items, talk to your American Family agent about scheduling or increasing these limits. Maximum coverage amounts for specific personal property: $200 total on money, bank notes, gold and silver $1,000 total on securities, accounts and deeds $1,000 total on jewelry, watches, gems and furs $1,000 total on watercraft including their trailers, equipment, accessories and outboard motors $1,000 total on camping trailers, camper bodies and other trailers not used with watercraft $1,200 total for business property on the premises, excluding computer equipment and software $250 total for business property while away from the insured premises, excluding computer equipment and software $5,000 total for the theft of silverware and goldware $5,000 total for the theft of firearms and accessories $5,000 total for computer equipment and software $5,000 per article and $10,000 total for the theft of rugs, tapestries and wall hangings $1,200 per item for loss by sudden and accidental damage from artificially generated electrical currents $7,500 total for the theft of tools You may want to purchase these optional property coverages: Back-Up of Sewer and Sump Pump Overflow Coverage Extended Coverage on Jewelry, Watches and Furs Personal Property Replacement Coverage Scheduled Personal Property Coverage POLICY LIMIT The most the insurer (American Family) will be required to pay under the terms of the policy.

5 Liability Coverage American Family s Renters Policy also gives you liability protection. We will pay compensatory damages up to your policy limit if you are legally liable for bodily injury or property damage covered by the policy and not excluded. Below are some examples of bodily injury, property damage and medical expense coverages which are included: Liability to Others Sports Activities Acts of the Insureds Pets Liability Due to Unpaid Volunteer Services Negligent Acts of the Insureds Children Medical Payments to Others (Regardless of Liability) Liability Coverage Supplementary Claim and Defense Expenses Damage to Property of Others (up to $500) Emergency First Aid Loss Assessments (up to $1,000) Also included with your policy: Environmental/Personal Pollution Damage Coverage (up to $10,000 per occurrence, $20,000 per 12-month policy period) Ask your agent about optional liability coverages you may want to purchase, such as: Additional Premises Coverage Business Pursuits Extended Watercraft Liability and Medical Expense Home Day Care Office, School or Studio Use This brochure represents only a brief description of coverages. Please read the policy for exact details of coverages and exclusions.

6 Your Personalized Renters Insurance Plan Name Form 4 Renters Policy Gold Star Renters Policy Property Coverage Personal Property Additional Living Expense Liability Coverage Liability to Others Medical Expense Coverage to Others Options & Endorsements Annual Premium With a Deductible, your Annual Premium would be With a Deductible, your Annual Premium would be With a Deductible, your Annual Premium would be Date Amount of Coverage Actual loss incurred within 12 months of the loss for necessary expenses Cost Gold Star Renters Coverage This brochure highlights the coverages provided by our Form 4 Renters Policy. However, if you qualify, you may be able to purchase our Gold Star Renters Coverage, which offers additional protection by enhancing the coverages provided in the Form 4 Renters Policy. The Gold Star Renters Coverage includes these unique coverages: Damage to Property of Others Limit is increased to $1,000 per occurrence. Extended Coverage on Valuables Protects your jewelry, watches, gems and furs from most types of accidental loss, $1,500 per item, with a total limit of $2,500. Lock Replacement Pays for the cost to replace or re-key exterior dwelling door locks when the door keys or automatic garage door transmitter(s) are stolen in a covered theft. Personal Property Replacement Pays for the cost to repair or replace most of your possessions if stolen or destroyed, without a deduction for depreciation. Refrigerated Food Products Coverage is increased to $500 per freezer or refrigerator for loss of food products, when caused by a power interruption or mechanical failure. Finding the Right Rate for You American Family s approach to calculating rates focuses on your personal insurance characteristics. It factors in many elements such as how long you've had a policy with us, your claims history, some credit information, discounts and more all to help ensure that you pay what s right for you. Your Chosen Deductible Your Annual Premium* DEDUCTIBLE *This is an estimated premium. Higher deductibles can save you money on your premiums, but may require additional out-of-pocket payment by you in the event of a claim. Please review your current deductible amount with your agent to see if there is any benefit to you in a higher deductible. This is not an application for insurance. No insurance will be issued with this form. The amount of a loss which you (the insured) must first pay before American Family pays.

7 More Help from a Family Friend Quality service. Financial strength. For more than 80 years, American Family Mutual Insurance Company and its Subsidiaries have been here for you. At every stage in life, look to us for help with all of your insurance needs. Flood Insurance American Family is working together with the Federal Government to bring flood insurance to those who stand a risk of incurring losses due to flooding. If you wish to purchase flood insurance (which is a separate policy), you may be eligible. Your American Family agent can help you with this program. Auto Insurance American Family offers quality, dependable auto insurance. Plus, you may save on your auto and renters insurance premiums when you insure both your home and your auto with us. Ask your agent if you qualify. Life Insurance American Family Life Insurance Company has life insurance policies that can help dependents meet financial commitments, such as rent and education, in the event of your untimely death. Boat, Motorcycle and Snowmobile Insurance American Family offers coverage that protects the possessions you value most. Your American Family agent would be happy to discuss our boat, motorcycle and snowmobile insurance. Personal Insurance Review Ask your American Family agent to conduct a free Personal Insurance Review. Your current insurance will be checked for costly duplications and gaps in coverage. American Family Mutual Insurance Company and its Subsidiaries Home Office Madison, WI ADP Rev. 11/07 amfam.com 2007