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Personal Property Replacement Cost Loss Settlement
- Coverage C is always settled on ACV basis
- used for antiques and fine art
- for losses above $500, ACV is paid until repair or replacement is made. Notice to insurer can be done within 180 days of loss
- many insurers will apply a higher Coverage C limit to account for the fact that ACV usually < repair or replace
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Assisted Living Care Coverage
- for relative in home with assisted living services such as meals, medical supervision
- relative must not live with insured
- applies for Coverage C and E
- special limits apply, like $250 for hearing aids or $500 for medical alert devices
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HOMEBIZ
- excludes some specific activities such as body piercing, lawyer, accountant, professional liability
- minimum requirement: ownership by insured, operation from residence premises, max 3 employees
- Section I provides full Coverage C for business property, accounts receivable, loss of income
- Section II provides product-completed coverage up to annual aggregate limit E
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Personal Injury Coverage
- false arrest, detention
- malicious prosecution
- invasion of privacy, wrongful eviction
- libel and slander
- violation of right to privacy
- exclusions: intentional, criminal, contractual liability, business, civic or public duties
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