Section 2 Homeowners Policy

Homeowners insurance policy section ii liability coverage section providing protection under three coverages.

Section 2 homeowners policy. A homeowner policy is broken into two parts. Coverage a dwelling provides protection for your home and the structures attached to your home. Section 2 liability coverage.

There are 16 covered perils on a broad form policy. This policy may be renewed for successive policy periods if the required premium is paid and accepted by us on or before the expiration of the current policy period. Regarding the other insurance condition in section ii of the homeowners policy the coverage e limits applicable to any occurrence are paid as excess over any other collectible insurance except for other insurance written specifically to provide excess coverage.

This section of your ho policy covers damages to people versus property. Sections of a homeowner policy. The ho 3 s section ii contains the same coverage provisions found in the other iso homeowners program policy forms ho 2 ho 4 ho 5 ho 6 and ho 8.

Coverage e personal liability coverage in the event a suit is brought against the insured because of bodily injury and or property damage resulting from the acts or non acts of the insured. There are four coverages in section i. Section i of the iso homeowners policy forms provides coverage for an insured s first party loss exposures.

A good way to differentiate between the sections is to think of section 1 as insurance for the property of the person listed on the policy while section 2 is reserved for those not listed on the policy. The focus of section ii is primarily personal liability and medical payments for guests of the homeowner. When it comes to the structure of your home you should carry enough insurance to cover the cost of rebuilding your home not the market value of your house.

Popular real estate terms. Section i relates to the home contents and accompanying structures. Section 2 can also be referred to as your slip and fall coverage.