01.Core Concepts

The Dwelling Property 1 (basic form) provides coverages similar to the Homeowners Policy Coverages A and B insure the dwelling and other structures Coverage C covers personal property Coverage D covers the fair rental value if part of the dwelling is rented Coverage E can be added to provide coverage for additional living expenses Only a limited number of named perils apply to both the dwelling and the personal property All covered property losses are paid on an actual cash value basis, with some exceptions