Additional Living Expense
Provides coverage for costs incurred in maintaining your normal standard of living in the event a covered loss renders your dwelling unlivable.
Additions & Alterations / Improvements & Betterments
These are the alterations, appliances, fixtures and improvements which are your responsibility under the terms of a Corporation or Association Agreement . It is extremely important that you read the by-laws from your building or board to better understand your responsibilities.
The National Flood Insurance Program (NFIP) has made Flood Insurance coverage available for most of Homeowner’s, Unit Owner’s, and Renter’s. A NFIP Flood Insurance policy can provide up to $250,000 of Dwelling coverage and $100,000 of Personal Property coverage in the event of a flood. Some individual carriers also offer their own flood programs with different and/or broader coverage’s.
Personal Excess Liability
Provides protection against catastrophic lawsuits. This coverage provides large limits of liability which are in addition to the sums that are available from your personal automobile and/or other personal liability policies. Coverage limits are available in million dollar increments.
All forms of Homeowner's policies have limited coverage for valuable items, such as Jewelry, Furs, Silverware and Fine Arts. These items can be covered separately under a Valuable Items policy. This policy can be written as Blanket coverage, in which case the company will pay up to a specified amount per item up to the blanket limit or they can be covered as Scheduled Items by listing the items and their values individually on the policy.