Home Insurance

Home Insurance Coverages

Accidents can happen in the blink of an eye. When they happen to your home, you need to make sure you have the coverage needed to protect it. As your largest asset, your home is one of the most important things in your life. We understand that homeowners insurance policies can be confusing, which is why our agents will work one-on-one with you to help you find the perfect policy that fits your needs.

Section I — Property Coverages

  • Coverage A – Dwelling
    Covers the value of the dwelling itself (not including the land). Typically, a coinsurance clause states that as long as the dwelling is insured to 80% of actual value, losses will be adjusted at replacement cost, up to the policy limits. This is in place to give a buffer against inflation. HO-4 (renter’s insurance) typically has no Coverage A, although it has additional coverages for improvements.
  • Coverage B – Other Structures
    Covers other structure around the property that are not used for business, except as a private garage. Typically limited at 10% to 20% of the Coverage A, with additional amounts available by endorsement.
  • Coverage C – Personal Property
    Covers personal property, with limits for the theft and loss of particular classes of items (e.g., $200 for money, banknotes, bullion, coins, medals, etc.). Typically 50 to 70% of coverage A is required for contents, which means that consumers may pay for much more insurance than necessary. This has led to some calls for more choice.[14]
  • Coverage D – Loss of Use/Additional Living Expenses
    Covers expenses associated with additional living expenses (i.e. rental expenses) and fair rental value, if part of the residence was rented, however only the rental income for the actual rent of the space not services provided such as utilities.
  • Additional Coverages
    Covers a variety of expenses such as debris removal, reasonable repairs, damage to trees and shrubs for certain named perils (excluding the most common causes of damage, wind and ice), fire department changes, removal of property, credit card / identity theft charges, loss assessment, collapse, landlord’s furnishing, and some building additions. These vary depending upon the form.
  • Exclusions
    In an open perils policy, specific exclusions will be stated in this section. These generally include earth movement, water damage, power failure, neglect, war, nuclear hazard, septic tank back-up expenses, intentional loss, and concurrent causation (for HO3).[15] The concurrent causation exclusion excludes losses where both a covered and an excluded loss occur. In addition, the exclusion for building ordinance can mean that increased expenses due to local ordinances may not be covered.[16] A 2013 survey of Americans found that 41% believed mold was covered, although it is typically not covered if the water damage occurs over a period of time, such as through a leaky pipe.[17]
  • Floods
    Flood damage is typically excluded under standard homeowners and renters insurance policies. Flood coverage, however, is available in the form of a separate policy both from the National Flood Insurance Program (NFIP) and from a few private insurers. [18]

Section II — Liability Coverages

  • Coverage E – Personal Liability
    Covers damages which the insured is legally liable for and provides a legal defense at the insurer’s own expense. About a third of the losses for this coverage are from dog bites.[19]

Your house is more than a place for your stuff. It’s your home. Be safe. Protect the people you love and the things you value with home insurance from Elite.

We can cover:

  • Landlord properties (one-to-four family units)
  • Duplexes, triplexes and single-family rental homes
  • Vacant properties
  • Unsupported seasonal and secondary properties
  • Older and lower-value homes
  • Properties inFire Protection Class 9 or 10
  • Properties with condition problems, including: – Open foundation – Some peeling paint – Minimal cosmetic conditions – Flat roof – Wood roof
  • Row homes
  • Properties under renovation
  • Properties located in Fire Protection 9 or 10
  • Customers with a lapse in coverage
  • Customers served by a volunteer fire department
  • Customers cancelled by another company
  • Customers with losses
  • And much more!

Protect your home and property

Storms, theft, accidents – you can’t predict what will happen, but you can prepare for what may come with Elite home insurance.

This could protect you from:

  • Fire and lightning
  • Windstorm and hail
  • Weight of ice or snow
  • Smoke damage
  • Falling objects
  • Damage by freezing
  • Explosion
  • Theft on or off premises
  • Vandalism and mischief
  • Accidental overflow from plumbing
  • Accidental electrical damage to appliances
  • Damage by vehicles and aircraft
  • Riots

Protect yourself and others

When accidents happen on your property, they can cause injury to your family and others, or damage to other people’s property.

Elite can help protect you with coverage including:

  • Personal liability for you, your spouse, relatives living with you and persons under 21 in your care
  • Protection against claims you’re legally obligated to pay — injury, sickness, disease and death of others
  • Payment of the cost of defending claims against you
  • Medical expenses of others
  • Accidental death benefits

Save on home insurance with Elite

There are lots of ways you could save with Elite. We offer Home insurance discounts for:

  • Monitored fire and burglary alarms
  • Fire extinguishers
  • Deadbolt locks on all exterior entryways
  • Sprinkler systems
  • Home insurance combined with auto insurance or other Elite policies

Be safe. Be prepared. Protect what matters most with Elite home insurance.

Questions?

We’ll ask all the right questions, and make sure you get all the savings.

(713) 644 8000